Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Maybe a world energy crisis will help in getting Barryroe up and running
https://oilprice.com/Energy/Energy-General/IEA-The-Current-Energy-Crisis-Is-Unprecedented.html
Europa unhappy with the minister. As well as not allowing any new roads and cutting back on agricultural production, Eamon Ryan will also not sign off on existing oil and gas licenses. Politically these are the things that will barely satisfy his voters but will undermine the government as well as food and energy security. Throwing soup at a painting is one way to state the green message but we live in a democracy and people voted and will vote in future for a government that will deliver and the Irish Green Party with a 7% share of the vote at the last election are been undemocratic by pushing their policies through against the will of the majority of voters.
https://www.businesspost.ie/news/gas-field-owner-accuses-ryan-of-inaccurate-statements/
Eamon Ryan is quoted in the Business Post as saying that the new gas fired power stations are vital to secure our energy supplies. He also mentioned this week on RTE that the energy crisis will not only last this winter but next winter as well. Political cover for issuing the lease agreement for Barryroe? With the Greens strong opposition to fracked gas and the construction of the LNG plant at Shannon, Barryroe and Corrib are the least worse political choice for the Green Party as they can say that these projects wouldn't cost the government anything.
https://www.businesspost.ie/news/soaring-inflation-puts-vital-new-gas-fired-power-plants-at-risk/
Thanks to Swizz for posting this YouTube video on the other board. Mattie McGrath rural independent TD mentioned today in the Dail that Eamon Ryan said today during the debate on energy that a final decision will be made on Barryroe in the coming weeks.
https://youtu.be/X5oddUu_-mQ
I see he has a article in today's Irish Independent. As minister he gets to set the narrative which is the war in Ukraine has exposed the unreliably of fossil fuels and renewables are the way forward. Interesting to note that the was a meeting of European energy ministers in Dublin were they stated that they will try to build 85% of all of Europe's offshore wind capacity by 2030 and by 2050 they will have 100% offshore wind capacity by 2050. This full offshore wind capacity will provide 10% of Europe's energy needs! Where is the remaining 90% coming from? The Green Party speaks about a transition to renewables. That's not actually true. There is no transaction. There is a move to include renewable energy as part of the energy sector by 2050. Another minister would have written an article stating that nuclear and oil and gas will provide the big percentage of energy while also backing up the renewable energy sources
As Swizz pointed out on the other board Sean Kelly spelling it out in black and white
https://twitter.com/SeanKellyMEP/status/1570015857987784704?t=5eEvVxX3WtbsHcsFsYmxrA&s=19
Eamon Ryan was interviewed on Prime Time on Irish TV tonight. Quiet an easy interview as he wasn't asked about the LNG plant in Shannon or securing our own oil and gas supplies. He mentioned that the fossil fuel plant ( he must have been referring to the Moneypoint coal fired power station) had not produced the energy expected and this had caused a shortfall in supply. He should have been asked about the almost total collapse of power last month from wind energy, and if it is possible that there may be a fall off from electricity generated from wind energy if there is high pressure over Ireland this winter. I would like to see RTE establish the fact that renewables are intermittent and need to be backed up either by gas or nuclear.
You are completely right ThenShen. Corrib and Kinsale were massive finds that kept the lights on in Ireland for decades. Corrib could hold a lot more gas and Barryroe is the largest oil field in Europe. Ryan and the Green party are against oil and gas so are looking for reasons not to allow drilling go ahead. Once the first black outs happen people will become more engaged in the conversation around energy. It is beginning to be recognised that oil and gas has to be a backup to the renewables if you rule out nuclear. This fact may be become an accepted fact by the government and RTE in a few months. It may also happen that Barryroe will be mentioned for the first time on RTE as a resource that is sitting in the ground while people go cold.
Eamon Ryan's response to Senator Alice - Mary Higgins.
The Senator is right. Her concerns have been heightened this year because of an Italian decision, of which she is fully aware, regarding compensation being provided to a UK operator that bought an interest in that. I do not believe the same circumstances apply in the Irish context. The difficulty in the Energy Charter Treaty, as the Senator knows, is that there is a 20-year period within which, even if one opted out, one is still locked into the system. The best way of working and dealing with this is working with our colleagues across Europe so that we reform and make sure, and this is what was centre stage in the negotiations that went through this summer, that nothing in an Energy Charter Treaty can impede or hinder decarbonisation efforts, because that is not acceptable. The best way and the strongest way of addressing that is through a European approach, which we do work on.
Thank you for posting the link. Here is Eamon Ryan response to Senator Tim Lombard question.
On the potential role of offshore exploration, many commentators are saying that if only we had offshore oil and gas exploration, we would be out of this problem. I do not believe that is true. Of the 160 or 170 times we have drilled at real expense for hydrocarbons, we found them to be commercial three or four times. The easier and more obvious sites have been picked so everything after this is a 50:1 outside bet, hugely expensive and is not the future. It does not give us security and is not likely to deliver gas or oil any time soon.
As I said, the State sticks to what it says. We said we would not issue any new licences, we would treat all of the existing licences within the terms of those licences and we would do exactly what we have always done to assess the ability of the developers to adhere to the conditions of the licence, as set out in legislation. This is what my Department has correctly done and will continue to do. There is no favour shown and no straying from the provisions we have already provided for but there is no certainty that would deliver even if a project were to proceed.
Ministers livid and astonished that things have been allowed to get so bad.
This is literally their job.
Government launches review of power supply crisis as cabinet anger grows
Ministers ‘livid’ and ‘astounded’ that situation ‘has been allowed to get his bad’
Thank you very much for taking the time to post the article Jodonne.
Article in the Phoenix Magazine about Larry Goodman taking a stake in Providence. Sorry to say I have no access to the article.
Has Larry Goodman got his timing right
THE MUSICAL chairs continue at Providence Resources, with the latest face popping up being beef baron Larry Goodman, who now holds a 16.1% stake. His most recent buy-in was the 8.2% stake held by big UK investment group M&G, which clearly got tired of the procession of drilling and funding failures. It sold out the... Read more »
There was breaking news on CNBC this morning saying that the Irish Energy Minister thinks that a 15% cut in gas usage will not be enough. I wonder what is his thinking behind this statement?
FeelsLikeKevin posted this article on Twitter. Timing is everything.
https://www.irishexaminer.com/news/arid-30331071.html
Hopefully this will help focus the public's attention
https://www.businesspost.ie/news/exclusive-europe-to-tell-member-states-to-cut-gas-use-as-energy-crisis-looms/
One of the assets that Larry Goodman brings to Providence is that he is acutely aware of the importance of political pressure when it comes to business, having been put through the ringer during the beef tribunal of the early 1990s. Hopefully the license will be issued next week but if not,the problems around Ireland's energy security will become very apparent to the electoral next winter. If I was Eamon Ryan I would quietly sign the lease agreement when the Dail is in recess this month.
Perfect fit for Providence judging by his CV.
Providence Resources P.l.c (PVR), the Irish based energy company, today announces that Alan Curran has been appointed Interim Chief Executive effective 4th July. Following Alan's appointment, James Menton reverts to his role as non-executive Chairman of the Board. Alan's career spans 40 years in the oil and gas industry where he has held a wide range of senior roles. Most recently Alan led a transformational restructuring strategy at Verus Petroleum. As CEO from 2014 to 2019, he was responsible for overseeing $500 million of acquisitions, involving successful finance raising activity and extensive interaction with the banking and investment communities. The successful programme execution culminated in NEO Energy acquiring Verus in 2019. As a petroleum engineer, Alan began his career in the 1980's with Shell and subsequently held director level roles at Oryx Energy, Kerr-McGee and Maersk Oil. In 2006 Alan was appointed Managing Director at Lundin Petroleum, before joining Wood Group as Chief Executive of its North Sea business in 2009. Prior to his assignment with Verus, Alan held the position of COO with Iona Energy. Over the last two years Alan led Ortus Petroleum, an investment vehicle for oil and gas exploration in north-west Europe. Alan is based in Aberdeenshire, Scotland
Hopefully so Brendanor. Here's another warning for the government to consider
https://www.breakingnews.ie/world/french-urged-to-immediately-reduce-fuel-and-energy-use-1325289.html