The Irish Independent reports on the findings by the Dublin-based company which show enormous reserves of oil in the Porcupine Basin off the south-west coast.
As previously reported on Afloat.ie, the company said in September that it has identified a number of targets across the more than 1,400 sq km area of the Atlantic Ocean west of Dursey Island.
Technical studies conducted then on blocks in the northern and eastern parts of the basin for reservoir sands were described as "encouraging".
Now Petrel says that computer analysis shows several oil fields stacked in layers that could be tapped by a smaller number of oil wells.
The distance from shore - approximately 200km - plus the location of the oil reserves beneath 1km of water and a further 3km of rock present some difficulties, but new techniques in the oil industry are allowing previously undrillable resources to be extracted.
Petrel Resources is seeking a partner to invest in drilling for oil, and is preparing its application to the Government for a licence.
The Irish Independent has more on the story HERE.
#FUNGIE - A new video posted to YouTube celebrates 30 years of Fungie the dolphin in Dingle.
The male bottlenose dolphin appeared from out of nowhere in the Co Kerry fishing village in 1983 and soon made it his home, quickly becoming an integral part of the local community.
Since his arrival Fungie has made friends and warmed hearts with people both local and across the world, such as Dutch couple Jeannine Masset and Rudi Schamhart who have been meeting him for more than 20 years.
Meanwhile, locals hope that new measures for harbour users proposed earlier this year won't bring an end to boat trips to meet Dingle's most famous resident.
#IRISH HARBOURS - Protesters took to the water off Kerry's piers last month in an organised swim drawing attention to proposed harbour bylaws designed to regulate the activities of water users.
“We need to make the public aware they have to make submissions,” Denise Collins told The Irish Times from Kells, which hosted one of the largest swims. “Traditional activities such as swimming will be over-regulated, we fear.”
The proposed bylaws would give Kerry County Council greater control over 16 of the county's 57 harbours and piers, including Kells, Kenmare, Portmagee, Brandon and Ventry.
Under the new bylaws, strict regulations would be placed on the use of loudhailers, landing and unloading passengers and freight, waste and even movement around the harbour.
The proposed bylaws already suffered a set-back earlier this year when Kerry County Councillors decided to restart the consultation process to allow the fishing industry, tourism operators and other interests more time to make submissions.
According to the Irish Examiner, only two submissions had been received by the council as of its January monthly meeting, despite senior council officials working for months on the draft proposals.
Cllr Toiréasa Ferris commented that the proposed charges in particular "would have huge implications for fishermen, some of whom might currently be earning only between €40 and €50 for a 14-hour day."
As previously reported on Afloat.ie, charges may also soon be hiked on yachts berthing at Ireland's main fishing harbours, a list that includes Dingle in Co Kerry.
Irish Marine Federation chairman David O'Brien expressed concern at the potential for such charges to damage "the good tourism dividend for coastal towns", noting that for every euro spent on a harbour berth, €10 was normally spent in the locality.
From the biggest rollers in years off Mullaghmore Head in Co Sligo to the Cliffs of Moher and even as far south as Kerry, Ireland has seen some of its best surf in a long time - and things are certainly looking up for an exciting summer on the waves.
Urrahill in Ballycommon, Nenagh, Co Tipperary is a detached home overlooking Luska Bay and Lough Derg and comprising three levels.
The upper level features living rooms and a kitchen with large windows and stunning views. The middle level has four bedrooms, with the main en-suite on the lowest floor with sliding doors to a private terrace.
Colliers International is asking €1.5 million for this ultra-modern property.
The house has central heating throughout, oak flooring, a lounge with its own wood-burning stove, a fully fitted kitchen, car garage and utility shed. Kerry Property Services is asking €580,000.
Last but not least, those looking to renovate would surely be attracted to Eden Point in Rossinver, Co Leitrim, a two-bed, two-bathroom detached home on the shores of Lough Melvin.
Eden Point boasts "hundreds of metres" of foreshore, as well as a boat house and quay, and included in the sale is a share in the Rossinver Fishery Sundicate (worth €5,000) which allows free use of the Rossinver Fishery. Fermanagh Lakeland Properties is asking €250,000.
#KITESURFING – So this is what Royal Cork Yacht Clubs' finest get up to in the closed season! A top class crew took to the air at the weekend when Triple all Ireland Sailing Champion Nicholas O'Leary led four people, two cars, six kites, five boards, 110km west on a road trip to Castlegregory, Kerry on a Kitesurf trip.
From Brian Carlin's video you can see conditions looked ideal with a six metre swell and 15-20 knots of breeze and lovely winter sunshine!!
Kerry Boat-builder O'Sullivan's Marine (OSM) is bucking the trend in the depressed marine industry. The Tralee firm have a busy order book and report strong demand for its traditional lake boat marque but it also has interest in more exotic boats too for the emerging nature tourism market.
Tried and tested, the new Safari boats are ready for Lee Valley
The first of the orders processed in Tralee is the supply of four Pioner Multi boats with Motor Guide 24v Electric Outboards for the local Lee Valley Development, a new eight hectare (20 acre) eco-tourism development comprising a Nature Park. The four boats will be used for safari-style boat rides.
'We carried out water trials yesterday, all is in order and the fully fitted out boats are being delivered this week', says managing director Brian O'Sullivan.
OSM's Brian O'Sullivan with one of the new Pioner boats
OSM, a member of the Irish Marine Federation, is also supplying two lake boats to Creeslough Angling Association in Donegal. Six Irish built boats have also been ordered by Dunfanaghy Angling Association in Donegal. Five more lake boats are also going to Waterville, Co. Kerry. All orders are for November delivery! Recession? What recession?
Ships off Ireland's south and west coasts have been asked by the French coastguard to keep a lookout for a yachtsman who has gone missing on a transatlantic voyage.
In a report that has echoes of missing yacht The Golden Eagle - which sailed into Kerry after an Atlantic crossing from Bermuda many days after schedule - RTÉ News says that the 12-metre yacht La Galatee left French Guiana on 5 August sailing for St Malo in France, but the French coastguard has lost contact with the vessel.
No air and sea searches are being considered at this time, but Irish Coast Guard stations are broadcasting alerts and requests for sightings of the yacht.
Ballybunion's Sea and Cliff Rescue Service celebrated its 25th anniversary with an open day at its headquarters last weekend, The Kerryman reports.
The day also saw the unveiling of a special plaque from Water Safety Ireland recognising the rescuers' service to the locality.
The volunteer rescue unit was founded in 1986 by just three men: Mike Flahive, Frank O'Connor and TJ McCarron.
"It's the support of the public that's our bottom line and we're delighted with the continuing generosity of the people of North Kerry and West Limerick," said John Walsh, a member of the unit for 24 years.
"Without it we simply wouldn't be here today."
The Kerryman has more on the story HERE.
An injured man fisherman airlifted to hospital yesterday from a boat off Kerry coast, The Irish Times reports.
The Shannon-based Irish Coast Guard helicopter was dispatched to assist the crewmember on the UK-registered fishing vessel Achieve, some 110 miles southwest of the Blasket Islands.
He was airlifted to Tralee Regional Hospital, where he is being treated for serious injuries.
The incident marked the fourth time that the Shannon helicopter has been called into action this week.