— Ian Guider (@ianguider) October 15, 2014
— Gavan Reilly (@gavreilly) October 15, 2014
Tony O’Reilly, CEO of Providence Resources in 2009
Where’s our black gold?
With Providence drilling only one appraisal well so far, potential farm-out partners may want more evidence.
“There is a discovery there, the question is what is commercially recoverable,” said David Round, an analyst at BMO Capital Markets in London. “They may still find a partner, though the terms might not be as lucrative as they originally envisaged.”
Providence’s difficulties in finding a partner may have been amplified by past exploration failures in offshore Ireland. Some 158 wells have been drilled over past 45 years in Irish waters. Only four commercial gas fields have been found.
(Sasko Lazarov/Photocall Ireland)
Outside the Ireland Oil & Gas 2014 Summit being held at the Conrad Hotel, Dublin.
Sponsored by insurance giant Aon, Tony O’Relly Jnr’s Providence Resources and other disinterested parties.
So what the frack’s going on inside!?
“The Summit will provide delegates with an overview of the fiscal regime and legislations relating to exploration and production in both the Republic of Ireland and Northern Ireland. . It will ultimately provide you with the opportunity to enhance your understanding of the potential of the region at this crucial time, when a new licencing round covering most of Ireland’s Atlantic margin will soon commence.
Thanks John Finucane
The sublime cityscapes of San Francisco based painter Jeremy Mann.
Turning oil into light.
This is how you do that.
Above (from top): The City Tempest (2013); Times Square Lights (2012), The Market Street Steam Vent (2012); Untitled; The Last Light Of San Francisco (2013), Rooftops In The Snow; Manhattan Nights (2013) and our personal favourite Hell’s Kitchen (2013).
[From top: Eddie Hobbs with contributing authors; Hobbs; Hobbs with Chris Sanders and Eilis Quinlan whose father,former Labour Minister and European Parliament member Justin Keating (on screen) who in 1975 introduced the first substantial legislation for the development of Ireland’s oil and gas; Book cover]
The launch of ‘Own Our Oil: The Fight for Irish Economic Freedom’ by Eddie Hobbs in the President”s Room at the RDS, Ballsbridge, Dublin this afternoon.
In ‘Own Our Oil:The Fight for Irish Economic Freedom’ Eddie Hobbs and contributing authors shine a light on the exploitation that surrounds Ireland’s oil and gas reserves. The authors illustrate their ideal economic model for a healthy and prosperous Ireland, in contrast to the current management of oil and gas reserves in Ireland….
Each shot was achieved by capturing the impact of mixtures of coloured ink dropped into a container of clear oil, then flipping the image upside down.
Dropping gallery here.
Alberto Seveso on Behance
The ‘factory’ apparently had a capacity to launder over 2.5 million litres of fuel and is the first such find in Dublin.
According to Revenue the plant used the “relatively unsophisticated method of fuel laundering which involves filtering the fuel through cat litter”.