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https://oilprice.com/Energy/Energy-General/Why-Natural-Gas-Is-The-Most-Important-Fuel-Of-the-Next-Decade.html
Hooefully the little green man at the Dccae is reading this....
Exactly Brez, just what I was saying yesterday, so unless our BOD can tell us its gas they're looking for in Morocco, what the hell are they doing if its oil they're looking for. Oil is the new coal, its had its day. Just look which direction the old oil super majors are going in, mostly renewables. Gas is the answer for the next couple of decades and if it's proven, we have lots of it.
Russia, USA and the middle east are seeing the future. We do not need to be exploring oil in the African Atlantic in my opinion unless full funding from a farm in partner can be found. I'm doubtful but please DYOR and GLA as usual.
Hopefully Simon read this and took notes as him and the team cant seem to generate their own ideas for the company
https://www.irishexaminer.com/news/munster/arid-40069931.html
Oi that is my local paper!
Good find Porkpies, it’s got to be the best news this year.. can we consider this a non issue now regarding any farm out of our possible assets in the Irish Atlantic. No more RNS’s please BOD. stating political opposition., let’s get cracking.
Might be nice to hear that from DCCAE Minister Ryan (leader of the Green Party) as well as a local FF councillor?
Thanks for the link ( https://www.irishexaminer.com/news/munster/arid-40069931.html ), porkpies,.....was reading earlier today, how;-
" Offshore deepwater oil production one of cheapest sources of new supply as costs reach new low, Rystad says "
Source: https://www.offshore-energy.biz/offshore-deepwater-oil-production-one-of-cheapest-sources-of-new-supply-as-costs-reach-new-low-rystad-says/?utm_source=offshoreenergytoday&utm_medium=email&utm_campaign=newsletter_2020-10-23
BW
Interesting to see ongoing discussion of energy policy issues..but the cork proposal is a Cork planning policy at this stage..and if that proposed LNG plant for US imports did go ahead it might scupper inniskea chances ..so please don't get excited by that.ideally it should be stopped.
Nice to see energy policy debate.but if that cork planning policy ends up allowing the LNG Plant for US imports to go ahead..will not be good news for inniskea..
The proposals for a floating platform in Cork harbour to import liquified gas transported half way round the world is no threat to the successful and proven route that is the present infrastructure being used. The Cork blueprint is one that is six years in the making if it ever is deemed viable to Next Decade Gas.
The point of my statement is that the fact that the Greens blanket ban on any fossil fuel use was defeated by common sense politics. I still believe that this is an opportune time to develop the present adequate supply of gas to Ireland that is Inishkea lead. It’s not the fact that the Cork blueprint is a threat to our assets, it’s the fact that the green opposition was defeated. It’s another hurdle that has been challenged and beaten.
American planning applications are completely different to those in Europe, I’m not sure that Next Decade have the appetite for protracted discussions looking at the Company profile. AIMHO of course but worth a look yourself.
It’s difficult to imagine what a farmin agreement would do to Europa Oil and Gas if Inishkea were to succeed .This latest news is another step forward in my book.
Fully agree Tacuma, that's how I see it. Excellent news for EOG.
Agree that its encouraging that there is some sign of a debate around this issue. But in a coalition no one will want to upset the Greens unless they have to - so something will have to force the issue onto the Gov agenda to get it addressed (guessing a financial or energy crisis). In the meantime suspect the Greens current policy is to agree nothing in the hopes that people will give up because the delays and costs become too uncertain. Ryan made pretty clear in a recent interview that he is hoping to scare investors off by signalling lack of Gov support (I think this came up specifically re LNG terminals). That’s why I think Eog do need to address the reality of the political challenges, and do something to make Inishkea offer more in terms of carbon neutral/capture/renewables to make it the “easy” option for politicians to sign off when the crisis comes.
Well that's its then, 10 billion barrels of oil, they'll be beating the door down to farmin to that one.
What was that just flew over the house?