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Displaying items by tag: Phillips 66

#WhiddyOilTerminal – Bantry Bay Oil Terminal has been acquired by Houston, Texas based Zenith Energy, an international liquids and bulk terminal company from Phillips 66.

The terminal has a storage capacity of more than 8 million million barrels holding a third of Ireland's strategic petroleum reserves. Zenith intends to continue operating the terminal on a commercial basis. 

For more the West Cork Times reports HERE. 

Phillips 66 continues to operate Whitegate Oil Refinery in Cork Harbour, the only such facility in Ireland. As previously reported on Afloat.ie the refinery at Whitegate was withdrawn from sale last year following attempts to find a buyer failed.

Mike King of Phillips 66 was among the speakers of the major energy conference "Cork Harbour – Energising the Region" held in December.

To read his presentation and others click HERE on topics that discussed the opportunities and challenges in terms of energy, industry and tourism for the harbour.

Published in Coastal Notes

#WhitegateOilRefinery – The Irish Independent writes that the US oil company, Phillips 66 has pulled the sale of Ireland's only oil refinery at Whitegate in Cork as attempts to find a buyer failed.

Last June, Phillips 66 hired Deutsche Bank to help sell the refinery. However, despite smoking out several potential suitors, the company and its advisers were unable to seal a deal.

Phillips 66 will continue to operate the refinery in Cork, although it may seek to offload a nearby storage facility in Bantry Bay. Around 200 staff are employed by Phillips 66 across its Irish operations. For more on the story click HERE

As previously reported on Afloat.ie last year the Government-commissioned a report that said the state did not need its own oil refinery as it can import enough of the fuel to meet all its needs.

For a copy of the report published by the Department of Energy, click HERE.

Published in Coastal Notes

Fastnet Yacht Race 

This race is both a blue riband international yachting fixture and a biennial offshore pilgrimage that attracts crews from all walks of life:- from aspiring sailors to professional crews; all ages and all professions. Some are racing for charity, others for a personal challenge. For the world's top professional sailors, it is a 'must-do' race. For some, it will be their first-ever race, and for others, something they have competed in for over 50 years! The race attracts the most diverse fleet of yachts, from beautiful classic yachts to some of the fastest racing machines on the planet – and everything in between. The testing course passes eight famous landmarks along the route: The Needles, Portland Bill, Start Point, the Lizard, Land’s End, the Fastnet Rock, Bishop’s Rock off the Scillies and Plymouth breakwater (now Cherbourg for 2021 and 2023). After the start in Cowes, the fleet heads westward down The Solent, before exiting into the English Channel at Hurst Castle. The finish is in Plymouth, Devon via the Fastnet Rock, off the southern tip of Ireland.

  • The leg across the Celtic Sea to (and from) the Fastnet Rock is known to be unpredictable and challenging. The competitors are exposed to fast-moving Atlantic weather systems and the fleet often encounter tough conditions
  • Flawless decision-making, determination and total commitment are the essential requirements. Crews have to manage and anticipate the changing tidal and meteorological conditions imposed by the complex course
  • The symbol of the race is the Fastnet Rock, located off the southern coast of Ireland. Also known as the Teardrop of Ireland, the Rock marks an evocative turning point in the challenging race
  • Once sailors reach the Fastnet Rock, they are well over halfway to the finish in Plymouth.
  • The lighthouse first shone its light on New Year’s Day in 1854
    Fastnet Rock originally had six keepers (now unmanned), with four on the rock at a time with the other two on leave. Each man did four weeks on, two weeks off

At A Glance – Fastnet Race

  • The world's largest offshore yacht race
  • The biennial race is 605 nautical miles - Cowes, Fastnet Rock, Plymouth
  • A fleet of over 400 yachts regularly will take part
  • The international fleet is made up of over 26 countries
  • Multihull course record: 1 day, 8 hours, 48 minutes (2011, Banque Populaire V)
  • Monohull course record: 1 day, 18 hours, 39 minutes (2011, Volvo 70, Abu Dhabi)
  • Largest IRC Rated boat is the 100ft (30.48m) Scallywag 100 (HKG)
  • Some of the Smallest boats in the fleet are 30 footers
  • Rolex SA has been a longstanding sponsor of the race since 2001
  • The first race was in 1925 with 7 boats. The Royal Ocean Racing Club was set up as a result

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