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Displaying items by tag: oil

Locals in Whitehead, Co Antrim have been vocal in their opposition to plans that would see the oil terminal at Cloghan Point upgraded to a large-scale distribution hub, as Belfast Live reports.

LCC Group, the company behind the Go petrol station network, says it wants to make the most of the site’s deep water jetty — which can accommodate tankers of up to 120,000 tonnes — by developing a £20 million distribution and storage terminal for the island of Ireland.

Its plans are currently before Mid & East Antrim Borough Council for assessment.

However, Whitehead community campaigners say the proposals pose a threat to wildlife in that part of Belfast Lough’s northern shore, as well as the “life line” train line between Larne and Belfast — a concern shared by rail operators Translink.

Belfast Live has much more on the story HERE.

Published in Belfast Lough
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#Oil - Providence Resources says it is at "an advanced stage" in negotiations to farm out its Barryroe oil field prospect off Cork, as The Irish Times reports.

Commenting on the Irish energy company's half-year results released today, CEO Tony O'Reilly said the Barryroe project "remains our main priority" – with Providence aiming to return on its investment while retaining "a material stake" in the field, of which is owns 80%.

Last month, as reported on Afloat.ie, the company urged shareholders at its AGM to quell public speculation over any potential deal, which was "taking much longer to achieve" than previously expected.

The Irish Times has more on the story HERE.

Published in Coastal Notes

#Oil - Providence Resources says it is "nearing completion" of its negotiations to secure a farm-out partner for its Barryroe prospect off the Cork coast, as The Irish Times reports.

Speaking at the Irish-based oil and gas company's AGM earlier this week, CEO Tony O'Reilly also urged interested parties to hold off on any public speculation over the deal, which chairman Brian Hillery said was "taking much longer to achieve" due to "the current environment".

"It's not a question of getting a deal, it's getting the right deal," he told shareholders. "Rest assured the farm-out remains the main priority of the company."

That wasn't enough to quell some shareholders' displeasure, however, with one taking Providence to task over the drastic fall in its share price over the last 12 months - in part a result of alleged setbacks to the south coast prospect in January.

The Irish Times has much more on the story HERE.

Published in Coastal Notes

#Oil - Delays in the refurbishing of the Blackford Dolphin oil rig have prompted Providence Resources to push back their appraisal drilling on Spanish Point till 2015, as Business & Leadership reports.

The Irish oil and gas firm was granted a new licensing option for the well some 160km off Spanish Point in Co Clare earlier this year, helping to put the company "in the leading position" in a zone that's rich in undersea hydrocarbons.

However, the Blackford Dolphin, which was scheduled to drill the well this summer, only recently left Belfast after a six-month refurbishment that was originally planned for just six weeks.

And the giant oil rig will no longer be headed for the Clare coast as planned, following the termination of Providence's contract with Dolphin.

With the delays meaning that drilling could not commence till October this year, Providence has chosen to postpone the project till next spring - and will also tender for another rig for the job.

Business & Leadership has more on the story HERE.

Published in Coastal Notes

#marinepollution – New high-tech equipment that can be deployed anywhere in the UK to clean up oil spills is today being put to the test in Belfast Harbour.

The Maritime and Coastguard Agency (MCA) has recently purchased two new pieces of equipment known as the NOFI Current Buster 6. This is the very latest in up to date technology and was developed following the Deepwater Horizon oil spill response in 2010.

The latest piece of kit can operate five times faster, as the hydrodynamic shape reduces the drag force and allows the system to move more easily through the water. This model also has debris nets, wave dampers and a splash-over cover to avoid spillages. With an oily water separator it has a temporary storage capacity of 70m2.

The MCA is often called upon to deal with a wide range of pollution incidents off the UK coast and has a detailed plan of action and equipment in place to deal with such issues.

Gail Robertson, the MCA's Counter Pollution Resource Manager, said:

"The Maritime and Coastguard Agency has a thorough response procedure in place to deal with many different types of emergencies at sea that cause pollution, or threatens to cause pollution.

"Demonstrations like the one in Belfast Harbour today show how our equipment is fit for purpose. These two NOFI Current Buster 6 will enhance and boost our response capability around the whole of the UK."

Attending the demonstration, Environment Minister Mark H Durkan said:

"There have been some major oil spills at sea in recent years in other parts of the world, which caused devastating damage to the marine and coastal environment and to the wider economy in those regions. Given that the North of Ireland imports all of its oil by sea and that several major shipping routes pass close to our coast, it is not inconceivable that a serious marine oil spill could occur on or close to our coastline. It is therefore vital that we tackle such incidents with the most modern of technology. The fact that we now have equipment which is five times faster in cleaning up such serious pollution is most welcome."

Published in Coastguard

#powerfromthesea – Speaking in London at a debate hosted by the London Irish Business Society, Minister of State, Fergus O'Dowd T.D., said "Offshore Ireland has a significant potential for oil and gas finds. Recent discoveries and on-going petroleum research indicate a positive resource potential, but how this unfolds will vary depending on the level of exploration activity and its success."

The Minister went on to say "It is only through active exploration that the potential of the Irish offshore will be proven. Ireland's offshore area is vast, – 700,000 sq km approximately, but there has been relatively few commercial successes in over forty years exploration. We need increased levels of exploration activity, in particular exploration drilling levels if true potential is to be proven".

The Minister confirmed the Government intended to formally commence the next licensing round in the coming months and pointed to a number of initiatives by the Government aimed at improving the perspective on prospectivity offshore Ireland by enhancing data availability and moving to de-risk exploration effort. In particular, he pointed to the commencement in June 2013 by far the largest regional 2D seismic survey ever to be acquired in the Irish offshore. He also highlighted the research that he and Minister Rabbitte had commenced to review the fitness for purpose of Ireland's Fiscal Terms and his expectation that the outcome of that review would be available to inform the next licensing round.

Minister O'Dowd underlined the new interest in Ireland, pointing to the significant new entrants to the Irish offshore following the 2011 round and his determination to build on this momentum. The Minister concluded by stressing "Ireland is open for Business, there are good opportunities for accessing exploration acreage and Ireland has modern, open, transparent and effective regulatory processes."

Published in Power From the Sea

#Oil - The Irish Times reports that the State has offered Irish oil and gas firm Providence Resources a new licensing option off Spanish Point in Co Clare.

The award will allow Providence and its prospecting partners to turn the option for Spanish Point South, which lies in the northern Porcupine Basin some 160km off the Clare coast, into a frontier exploration licence.

Providence - which earlier this week dismissed setbacks over its Barryroe prospect in the Celtic Sea that saw its shares fall in early trading - says its planned 3D seismic survey will be the third such survey in the area, and together with its Spanish Point well "should put us in the leading position" in the hydrocarbon-rich zone.

As previously reported on Afloat.ie, the Porcupine Basin region has long been identified as a bountiful source of oil, with the potential to produce as much as one billion barrels.

Published in Coastal Notes

#Oil - Providence Resources have plugged and abandoned an exploration well at the Dunquin North prospect off the Cork coast after striking more water than oil, as OilVoice reports.

The company's technical director John O'Sullivan confirmed the presence of "a potential residual oil column" which may indicate that any oil that was once in the reservoir has since leaked - though such weaknesses have been discovered elsewhere over the prospect.

"Notably, the separate Dunquin South build-up appears to have a thicker sea and lacks the significant fluid escape features seen further to the north," he said.

Providence chief executive Tony O'Reilly added that data from the southern explorations are encouraging "for the basin in general and are likely to intensify the already growing industry focus on this emerging hydrocarbon exploration arena."

According to The Irish Times, Providence shares fell the most in over a year of Dublin trading at news of the Dunquin North disappointment.

Published in Coastal Notes

#Oil - The Blackford Dolphin semisubmersible drilling rig is expected to go to work off the south-west coast of Ireland next spring.

Offshore reports that Dolphin Drilling has negotiated the contract to appraise the Spanish Point prospect in the Porcupine Basin on behalf of Capricorn Ireland, subject to regulatory approval.

It will also drill early next year in British waters for MPX North Sea, with both contracts expected to last five months for a total revenue of €67 million.

The Porcupine Basin off Kerry has been identified as a source of enormous reserves of oil - after Petrel Resources announced the discovery of as much as one billion barrels of oil at the prospect late last year.

Published in Coastal Notes

#DeepKinsale - Fastnet Oil & Gas believes that its Deep Kinsale Prospect in the Celtic Sea could hold an incredible bounty of more than two billion barrels of oil.

As Proactive Investors reports, the Irish-headed oil exploration firm says an independent assessment of its prospect in the waters south of Cork estimates 2.365 billion barrels of oil in place.

Fastnet executed its exclusive option on the prospect earlier this year, and recently completed a 3D seismic survey of the area, the data from which will enable the company to identify oil reservoir 'sweet spots' for the best drilling results.

“Deep Kinsale is a large anticlinal structure, which has the potential to contain a significant oil accumulation directly beneath the producing Kinsale gas field and the two platforms, in the Celtic Sea,” said John Craven, founding Fastnet shareholder.

“This new 3D seismic is a key de-risking component necessary for the planning of an optimal drilling campaign."

The full operational update from Fastnet Oil & Gas is available HERE.

As previously reported on Afloat.ie, Fastnet Oil & Gas has been awarded a new licensing option elsewhere in the Celtic Sea in the area know as East Mizzen.

Published in Coastal Notes
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The Half Ton Class was created by the Offshore Racing Council for boats within the racing band not exceeding 22'-0". The ORC decided that the rule should "....permit the development of seaworthy offshore racing yachts...The Council will endeavour to protect the majority of the existing IOR fleet from rapid obsolescence caused by ....developments which produce increased performance without corresponding changes in ratings..."

When first introduced the IOR rule was perfectly adequate for rating boats in existence at that time. However yacht designers naturally examined the rule to seize upon any advantage they could find, the most noticeable of which has been a reduction in displacement and a return to fractional rigs.

After 1993, when the IOR Mk.III rule reached it termination due to lack of people building new boats, the rule was replaced by the CHS (Channel) Handicap system which in turn developed into the IRC system now used.

The IRC handicap system operates by a secret formula which tries to develop boats which are 'Cruising type' of relatively heavy boats with good internal accommodation. It tends to penalise boats with excessive stability or excessive sail area.

Competitions

The most significant events for the Half Ton Class has been the annual Half Ton Cup which was sailed under the IOR rules until 1993. More recently this has been replaced with the Half Ton Classics Cup. The venue of the event moved from continent to continent with over-representation on French or British ports. In later years the event is held biennially. Initially, it was proposed to hold events in Ireland, Britain and France by rotation. However, it was the Belgians who took the ball and ran with it. The Class is now managed from Belgium. 

At A Glance – Half Ton Classics Cup Winners

  • 2017 – Kinsale – Swuzzlebubble – Phil Plumtree – Farr 1977
  • 2016 – Falmouth – Swuzzlebubble – Greg Peck – Farr 1977
  • 2015 – Nieuwport – Checkmate XV – David Cullen – Humphreys 1985
  • 2014 – St Quay Portrieux – Swuzzlebubble – Peter Morton – Farr 1977
  • 2013 – Boulogne – Checkmate XV – Nigel Biggs – Humphreys 1985
  • 2011 – Cowes – Chimp – Michael Kershaw – Berret 1978
  • 2009 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978
  • 2007 – Dun Laoghaire – Henri-Lloyd Harmony – Nigel Biggs – Humphreys 1980~
  • 2005 – Dinard – Gingko – Patrick Lobrichon – Mauric 1968
  • 2003 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978

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