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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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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Posted: November 15, 2012
We’ll be tuning into Ireland’s Search and Rescue on RTE 1 this Sunday at 6.30pm to see a few familiar faces.
Following on from the success of the two Irish Coast Guard helicopter rescue series, Rescue 115 and Rescue 117, Ireland’s Search and Rescue is a six part series, presented by Claire Byrne. This new series features the Irish Coast Guard helicopter bases in Dublin, Waterford, Shannon and Sligo as well as RNLI stations and Mountain Rescue teams nationwide. The series also shows the work of Cork City Fire Brigade and volunteer Coast Guard groups.
(Image property of RTE)
See http://www.rte.ie/tv/programmes/searchandrescue.html for further information.
We wish all involved the best of luck with the new series.
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Posted: April 8, 2011
There will be a SEFtec NMCI Offshore sponsored fundraiser for Cobh Juvenile GAA held at the Curraheen Park Greyhound Stadium on the 6th of May.
Mr. Tom Griffin, Head of Offshore Survival Training at the NMCI, launched the new fundraising drive on the 1st of April at Cobh’s Carrignafoy premises to help raise finance for defibrillator units at the club. read more…
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Posted: November 6, 2010
We had our annual Maritime Open Day on the 3rd of November 2010 which is a great opportunity for prospective students to have a look at the wonderful maritime facilities we have on offer at the National Maritime College of Ireland (NMCI).
This year’s event was a massive success with over 400 students and parents from all over Ireland getting the chance to see our world class facilities. The students were literally blown away with our demonstration on sea survival in our 20m x 8m indoor pool. read more…
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