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#POWER FROM THE SEA - Irish oil and gas firm Providence Resources has been awarded a licence to explore near Dalkey Island, the Irish Independent reports.

The standard licence issued by the Department of Communications, Energy and Natural Resources lasts for up to six years, split into two three-year phases.

Providence hopes to drill at least one well during the initial phase in the Kish Bank Basin, where previous exploration drilling confirmed the presence of oil suitable for petroleum production.

The group is also applying for a foreshore licence for the purpose of well site surveys and drilling operations.

As previously reported on Afloat.ie, Providence Resources is one of the 12 companies that were awarded 13 Licensing Options between them in the 2011 Atlantic Margin Licensing Round.

The Irish Independent has more on the story HERE.

Published in Power From the Sea

Crosshaven Boat Yard is the Irish distributor for Dufour Yachts of France. Crosshaven Boatyard offers a complete range of top quality Cruising and Racing yachts from 32 feet to 52 feet.

Crosshaven Boat Yard was established over 60 years ago and has been a family-based operation since its early days.

The Yard originally specialised in building commercial fishing boats and small pleasure craft, both sail and power and is famous for its involvement in the construction of a number of significant yachts such as Gypsy Moth V, Saint Brendan, Longbow II and a series of Moondusters were completed up to the early ’80s.

Crosshaven Boat Yard installed the first commercial marina, with a Marine Travel hoist, in Ireland in 1979. This era saw a major change of emphasis in the business and since then we have concentrated on all aspects of the repair, care and maintenance.

The Cork Harbour company also offer, the White Shark Range of Sports Boats cater for angling and water skiing interests.

Crosshaven Boatyard are also agents for the popular Seaward Range of Motor Cruisers from 19′ to 42′.

The firm's Brokerage service consistently achieves top results for our large client base and we can offer the best professional advice whether you are a buyer or a boat owner.

The yard is situated just a stone's throw from the Royal Cork Yacht Club,  the oldest yacht club in the world founded in 1720.