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National Maritime College of Ireland,
Ringaskiddy,
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Telephone: 021-4970609
Fax: 021-4970696
E-mail: mailto:services@nmci.ie

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GAC PINDAR FINISH SIXTH AT THE EXTREME SAILING SERIES IN NICE, FRANCE

Posted: October 14, 2014

GAC Training and Service Solutions (GTSS) were present at the Extreme Sailing Series in Nice this month. GAC is the official logistics partner of the Extreme Sailing Series.

Act 7 in Nice, France saw the GAC Pindar team finish sixth in the series.

“Despite the tame 4 knot winds, GAC Pindar started the week strongly, finishing in second twice and in third, to end Day 1 in fourth position on the leader board. Consistency was hard to come by in Nice, with all teams enduring mixed fortunes at the hands of the placid conditions.

Summoning the experience of British Olympian Hugh Styles, GAC Pindar put themselves in contention for an overall medal position on Day 3 with two second place finishes in succession, followed by a third place finish in a fine run of form on the French coast.

GAC Pindar ended Act 7 with a second place finish on Day 4, showing signs of promise ahead of the final Act that will see Nathan Wilmot’s crew race in Sydney (11—14 December) as the Extreme Sailing Series reaches its conclusion in the iconic Sydney Harbour.”

Extract from http://sailing.gacpindar.com/gac-pindar-finish-sixth-at-the-extreme-sailing-series-in/

2014-10-12 16 54 04_resized

For more information about GAC Pindar and the Extreme Sailing Series, go to:

www.gacpindar.com

www.facebook.com/teamgacpindar

www.twitter.com/gacpindar

 

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Contract to Assess Oil Potential

Posted: May 13, 2013

From The Irish Examiner - By Geoff Percival

The Government is set to announce details of a major research contract to assess Ireland’s true oil and gas potential in the coming weeks, with industry rumours suggesting Italian giant Eni could be signed up as project partner.

The project will focus on a seismic survey off the west coast, to judge the oil and gas reserve potential of the under-explored Atlantic Margin area.

While the provision of “relevant depth of seismic data”, formed part of the recommendations from last week’s Providence Resources/PwC study into the potential of the Irish offshore sector, this seismic tender has been in the Government’s plans for nearly a year.

There has been speculation that Eni could be signing up to invest around €70m in carrying out the study, but the Department of Communications, Energy and Natural Resources has been tight- lipped over the details.

A department spokesperson said that the procurement process has concluded and project planning is at an “advanced stage”. “It is anticipated that an announcement will be made shortly,” they added.

Minister of State at the Department, Fergus O’Dowd, first announced the intention to tender for a seismic data specialist to undertake the detailed survey last year, when addressing the Atlantic Ireland Conference in Dublin.

Speaking then, he said that such a survey would be “a huge step forward” and would go a long way to revealing the true potential of Ireland’s frontier basins.

The real genesis of the programme was the Government’s 2011 Atlantic Margin Licensing Round, which attracted a positive response from industry but still resulted in large areas on offer receiving no applications, despite being located in basins containing proven petroleum systems.

A lack of available seismic data was viewed as a significant contributing factor that needed to be addressed, according to Government. The small number of exploration wells drilled in Irish waters, over the past decade, has been blamed on low levels of available intelligence, with poor seismic data coverage previously described by Government as “the biggest impediment to exploration”.

Last week’s PwC study into the potential of Ireland’s offshore exploration industry suggested that thousands of jobs could be created per year and the Exchequer could significantly increase its annual corporate tax take if certain existing barriers to entry, for overseas players, are removed.

“The oil and gas industry has the potential to transform local and national economies, but a critical mass of activity is needed before a substantial indigenous supply base can develop,” it said.

Extract From http://www.irishexaminer.com/business/contract-to-assess-oil-potential-231055.html

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Europa acquires licence for South Porcupine basin, offshore Ireland.

Posted: April 19, 2013

From Offshoretechnology.com 19/04/2013

Europa has signed a farm-in agreement with a subsidiary of Kosmos Energy to acquire its two Licencing Options, LO 11/7 and LO 11/8, in the South Porcupine Basin, offshore of Ireland.

As part of the deal, Kosmos will buy an 85% interest and take up the operatorship of both licences, alongside incurring 100% of the costs of the first exploration well on each block.

The company will also fully fund the cost of a 3D seismic programme on each licence and pay 85% of the costs incurred by Europa to date.

The first exploration wells on LO 11/7 and LO 11/8 have investment caps of $90m and $110m, respectively, while Kosmos will share 85% of the excess costs of the investment cap, with the remaining coming from Europa.

Both LO 11/7 and LO 11/8 cover an area of about 1,000km² each in the prospective South Porcupine basin, while the licences have been mapped using existing 2D seismic data and are currently undrilled.

“The company will also fully fund the cost of a 3D seismic programme on each licence and pay 85% of the costs incurred by Europa.”

Europa has identified two previously unknown prospects in the Lower Cretaceous stratigraphic play – Mullen in LO 11/7 and Kiernan in LO 11/8.

Europa CEO, Hugh Mackay, said Kosmos is an experienced operator in frontier basins and pioneered the Cretaceous stratigraphic play that lead to a major exploration success in the Atlantic margin basins.

“The farm-in provides recognition of the substantial potential value lying in our Irish exploration prospects. The work programme associated with the farm-in has the potential to deliver significant value realisation,” Mackay added.

“Europa’s retained 15% interest exposes the company to substantial upside in the event of drilling success at either or both of these prospects at a much reduced risk and cost to our shareholders.

“We understand that the Eirik Raude rig is in Irish waters to drill Exxon‘s Dunquin well. An exciting new chapter in the exploration of Ireland is starting and we are delighted to be part of it.”

The closing of the farm-in agreement is subject to approval from the Irish Government.”

http://www.offshore-technology.com/news/newseuropa-exploration-south-porcupine-basin-ireland?WT.mc_id=DN_News

 

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MOU signing with Tawazun Safety Security & Disaster Management City L.L.C. and the NMCI

Posted: April 12, 2013

Pictured at the signing of a Memorandum of Understanding between Tawazun Safety Security & Disaster Management City L.L.C. and the National Maritime College of Ireland are Mr. Michael Delaney, Acting Head of College, NMCI and Mr. Khaleefa Al Hemairi, Acting General Manager, Tawazun.

 

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‘Several hundred million barrels’ of oil may lie in new Petrel site off Kerry

Posted: April 4, 2013

Tuesday 04/04/2013

“AN EXPLORATION COMPANY with rights to explore an area off the west coast of Co Kerry claims the field has shown the potential to hold hundreds of millions of barrels worth of oil.

 

Petrel Resources says the site in ‘Quad 45′, about 100 kilometres to the west of Valentia Island, has “the capability to hold several hundred million barrels of in-place oil”.

 

The site was authorised for exploration in 2011, when 13 various sites in the Porcupine Basin off the west coast were offered for new ventures.

 

Petrel was offered two of those sites; the other site in ‘Quad 35′, about 120 kilometres west of the Dingle peninsula, showed the capability of hosting in excess of a billion barrels of oil.

 

Quad 45 lies about 35 kilometres northeast of an area in the Dunquin prospect, which is already the focus of a major prospective drilling operation from a consortium led by Exxon Mobil.

Petrel said it had purchased additional seismic data of the area and has carried out further regional seismic mapping.

“We have long believed that the offshore Porcupine Basin is a hydrocarbon province,” Petrel managing director David Horgan said in a media release.

“This has been further supported by our recent work in identifying potential prospects on both of our blocks.

“We look forward to increased activities across the Basin which we believe has the potential to be a major new oil province. We have commenced our search for potential partners.”

Shares in Petrel rose by over 10 per cent in early trading in London this morning.”

Extract from thejournal.ie

http://businessetc.thejournal.ie/oil-porcupine-basin-kerry-petrel-853171-Apr2013/

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TRACE certification sends strong message for GAC Egypt

Posted: March 27, 2013

 TRACE certification sends strong message for GAC Egypt

Underlines commitment to ethical business practice

Gulf Agency Company (Egypt) Ltd is the latest GAC company to become a member of anti-bribery body TRACE International, underlining its strong commitment to ethical corporate conduct.

“TRACE International, Inc. is a non-profit group that offers practical and cost-effective anti-bribery compliance solutions for multinational companies which are required to demonstrate transparent business practices regardless of pressure, local law or custom.

GAC Egypt’s certification comes after a stringent due diligence review of every aspect of its operations and key managers, highlighting the company as a beacon of compliance and stability.

The GAC Egypt Management Team with their TRACE certificate

Managing Director Capt. Mohammed Badawi (pictured, holding the certificate) says: “TRACE certification is yet another recognition of our integrity, a reflection of our transparency as well as an endorsement to our Code of Ethics.”

About GAC Group

GAC is a global provider of integrated shipping, logistics and marine services. Emphasising world-class performance, a long-term approach, innovation, ethics and a strong human touch, GAC delivers a flexible and value-adding portfolio to help customers achieve their strategic goals.

Established since 1956, GAC employs over 10,000 people in more than 300 offices worldwide.

Sign up for GAC’s free HOT PORT NEWS email for daily updates from ports around the world and RED HOT PORT NEWS for free SMS alerts of breaking news at www.gac.com/hpn.

Follow GAC Group on Facebook at www.facebook.com/GACGroup and LinkedIn at www.linkedin.com/company/gac-group

http://www.allaboutshipping.co.uk/2013/03/21/trace-certification-sends-strong-message-for-gac-egypt/

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Qatar Minister Meets Board Members of SEFtec NMCI Offshore

Posted: March 21, 2013

On 14 March 2013, His Excellency Sheikh Saoud bin Abdulrahman Al-Thani,  Minister of Sport & Secretary General of the Qatar Olympic Committee (QOC) is pictured with Board Members of SEFtec NMCI Offshore (“SNO”), Conor Mowlds (pictured 2nd from left) and Darren O’Sullivan (pictured 4th from left). This was taken prior to the signing of a Memorandum of Understanding between SEFtec NMCI Offshore and IRM Offshore to provide support for the development of dedicated TEMPSC coxswain training facility in Qatar over the next 12 months.

 

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Irish Examiner: Maritime College to Train Global Workers

Posted: February 18, 2013

 

“Shipping and other companies from the Middle East and beyond will be sending more workers for expert training in Cork over the next year.

By Niall Murray, Education Correspondent

The National Maritime College of Ireland (NMCI), part of Cork Institute of Technology, has facilities among the world’s best for training new and experienced workers in the shipping industry.
Among the 72 graduates of NMCI whose awards were conferred yesterday were a number from the Seychelles who have completed marine and plant engineering degrees.
The college opened in 2004 as the country’s first third-level public private partnership, and works closely with the Irish Naval Service whose national base is alongside its Ringaskiddy location.
The commercial arm of the college and associated companies have been offering training since 2010 on the hi-spec equipment, with particular interest from shipping and related companies from the Gulf region.
Further expansion of training and consultancy services to places such as United Arab Emirates, Vietnam, and Malaysia is planned in the year ahead, in line with more research and commercial training being planned.
“The short specialist courses we run here have been bringing in people from transport in the oil and gas sectors, people in big ports and other related areas,” said CIT’s vice-president for development Michael Delaney.
“We also help train people who will teach their colleagues back at home and offer a certain amount of follow-up training where their companies are located, it could be the Middle East or elsewhere.”
As well as the training jobs in the college on its equipment, which includes a simulator that allows students navigate super-tankers into any port in the world, employment is supported in connected local industry. Cork and Irish companies are developing software and machinery based on the needs of the merchant shipping industry, while training in its use can then be provided at the NMCI or overseas.
There are now 10 full-time research jobs at NMCI, and CIT president  Brendan Murphy told graduates that expanding the research and training roles there are key to the college’s continued success.
The ceremony yesterday also saw masters degrees awarded to 12 graduates of CIT’s Crawford College of Art & Design.”
Picture: At the National Maritime College of Ireland conferrings, Ringaskiddy, Cork, Bachelor of Science in nautical science graduate Jean Paul, from the Seychelles, presents flowers to his girlfriend Melanie Dopplinger, Austria; Pictures: Darragh Kane 

http://www.irishexaminer.com/ireland/maritime-college-to-train-global-workers-222759.html

Friday, February 15, 2013

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Irish Times: Maritime College Expands Training

Posted: February 15, 2013

BARRY ROCHE, Southern Correspondent, Irish Times. Feb 14th 2013

“The National Maritime College of Ireland is set to develop further this year with the provision of training programmes and consultancy services in the Middle East and Asia, it has emerged.

NMCI is a constituent college of Cork Institute of Technology (CIT), whose president, Dr Brendan Murphy, confirmed today that both research and training at the college is to expand.

Speaking at a conferring ceremony for some 72 graduates at NMCI, Dr Murphy said 10 full time research posts have been created at the college in the past year.

“This growth in R&D has warranted the establishment and branding of the NMCI’s own research centre, something which will take place in the very near future,” he said.

This year, NMCI’s commercial wing, NMCI Services, is set to provide training and consultancy services in the UAE, the Gulf region, Vietnam and Malaysia, he added.

Located on a 10-acre site at Ringaskiddy in Cork Harbour, the NMCI was set up to serve the training requirements of the School of Nautical Studies, CIT and the Irish Naval Service.”

http://www.irishtimes.com/newspaper/breaking/2013/0214/breaking40.html#.UR1NPGlRbCo.twitter

 

 

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Australian Oil and Gas Work pays Highest Salaries

Posted: February 11, 2013

Australia’s oil and gas workers enjoyed the highest average salaries in the industry in 2012 due to a skills shortage, with expatriates pocketing $171,000 a year, a study said on Friday.

Despite uncertain global economic conditions, wages in the oil and gas industry rose globally by 8.5 percent in 2012 to $87,300, according to Hays Oil and Gas Job Search. That follows an average increase of 6.5 percent in 2011.

“There would be few industries with such a track record of growth over the last few years in what has been, in the most part, an uncertain economic environment,” the report said.

World oil production in 2012 grew by 2 percent from the previous year to 89.17 million barrels per day and is expected to increase 1 percent this year, according to the U.S. Energy Information Administration.

Expatriates in Australia topped the list, and Norway came second, according to the survey, conducted among more than 25,000 employees. Among local hires, Australians workers were also the highest earners, with an average wage of $163,600.

“At the top of this year’s table, we once again see Australia and Norway. Both countries have limited skilled labour pools and significant workloads. The result is very high pay rates, although both would appear to have met some sort of ceiling,” the report said.

Australia is preparing to become one of the world’s largest liquefied natural gas (LNG) exporters, with 190 billion Australian dollars ($196.2 billion) worth of projects currently underway, requiring a vast workforce.

The average wage in the United States was significantly lower at $123,800. At the other end of the spectrum were expatriates in Sudan, who according to the survey, earned $59,800 in 2012. Wages tumbled in Iran, whose oil and gas production contracted last year as a result of Western sanctions over its disputed nuclear programme. The average expatriate salary in Iran dropped 27 percent in 2012 to $68,100, while the average for local employees fell 10 percent to $46,900, the study found. “Where imported salaries are concerned, it is once again the frontiers of the industry that are pushing the upper limits of pay. Representing a mix of danger money and hardship allowance in these base salaries, we find Russia’s Arctic exploration driving imported skills, and China’s drive on non-conventional skills also pulling in experts on premium rates,” Hays Oil and Gas Job Search said. The risks involved in some exploration and production regions were laid bare last month in Algeria, where Islamist gunmen attacked a gas plant, which led to the deaths of at least 38 local and foreign workers. Expatriate salaries in Algeria averaged $92,400 last year, according to the survey, which was conducted before the attack. As for areas of expertise, vice presidents and directors of subsea pipeline projects earned the highest average wages at $251,200, up 9 percent from 2011. Graduate salaries increased 12 percent to just under $40,000 in 2012. In an industry counting around 5 million people across the world, 47.4 percent are expatriates, with the remainder employed locally, the report said. ( C) Reuters

For more information and news please see http://www.fxcentre.com/news.asp?3033334

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