Posted: March 20, 2013
The Irish Examiner
Wednesday, March 20, 2013
Fastnet Oil & Gas has initiated a farm-out process to help cover the cost of its forthcoming $18m (€14m) surveying activity in the Celtic Sea, which will be the biggest of its kind ever undertaken in the area.
Last month, the exploration firm selected French geophysical specialist, CGG to carry out the 3D seismic survey to cover 2,200sq km of the Celtic Sea.
Fastnet say the 3D survey will last for about 50 days. It is due to begin in April.
The firm had been expected to partially pay CGG from the €18.6m capital it raised late last year, but it has commenced a search for a partner who will stump up most of the cash in return for a stake in one of the licence areas being surveyed.
The survey will cover Fastnet’s ‘Mizzen’ prospect and adjoining areas — where several large structures have been identified — but will begin at the Deep Kinsale Prospect, in which Fastnet purchased a 60% stake last month.
The prospect is a potential oil-bearing reservoir situated underneath the Kinsale Gas Field. The potential to expand the 3D study exists, but depends on interest from potential partners.
Paul Griffiths, Fastnet’s managing director, said that even at this early stage, the company is “very encouraged” by the level of interest being shown, “by a broad spectrum of companies”.
“This is the first large-scale 3D seismic programme to be acquired in this part of offshore Ireland. Whilst we are targeting proven hydrocarbon systems around the Kinsale and Barryroe fields, we are also evaluating a prospective part of the Celtic Sea Basin, covering approximately 4,250 sq km, that has seen only one well drilled, in 1975 by Esso, which encountered oil shows. 3D seismic is the first step to creating material, ‘drill ready’ prospects.”
By Geoff Percival
http://www.irishexaminer.com/business/fastnet-looks-for-farm-out-partner-225926.html
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Posted: March 1, 2013
Arklow Shipping
“We operate a dry cargo fleet of 40 modern, purpose built ships from 4,500dwt to 35,000dwt. Due to continued expansion we have a vacancy for the following position:-
Marine Engineer Superintendent
This position, based in Arklow, will require a person who is keen to advance and develop their skills further in the marine sector. The successful candidate will be responsible for the efficient operation, management and maintenance of vessels under their control. The candidate will be required to join the team to oversee the future new build construction programs in Europe and the Far East.
Minimum qualification is Chief Engineer (Unlimited) certificate of competency. Applicants must be fully conversant in the English language. Previous experience in this position is not essential but considered advantageous.
Please send detailed cv to:- Personnel Department
Arklow Shipping North Quay, Arklow. Co.Wicklow Ireland
Email personnel@asl.ie”
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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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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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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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