"Green" policies are destroying this country
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Worth noting that even the oil and gas companies are investing heavily in "clean" energy. They can see where things are going. It's not an easy pivot for them either. They're heavy industries focused on getting oil and gas out of the ground in extreme conditions and processing it. Not as much overlap in expertise as you'd initial think.
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Great to see more and more companies in the climate tech field setting up bases in Ireland, this time in Tralee. Initial plans below indicate 50 jobs, great news
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You're not wrong there.
in an interesting twist of fate, several former high profile folks from Providence Resources have set up dCarbonX and I mean HIGH PROFILE
- CEO - Tony O'Reilly - Former CEO of Providence Resources
- COO - Dr John O'Sullivan - Former Technical Director of Providence Resources
- CTO - Dr Angus McCoss - Former Director at Providence Resources
As far as I'm aware these guys all left in 2019 after the APEC debacle but I'm not 100% sure on the timing for all 3.
They've since set up dCarbonX with a view to jumping into the green hydrogen business and announced a partnership with the ESB last year to look into the possibility of using the empty gas fields at Kinsale etc for the storage of the stuff. If it pans out they could store several TWh of it in those empty gas fields
Maybe it'll come to fruition and further damage the business case for Barryroe by providing a viable alternative or maybe it will go the same as the APEC deal, only time will tell. They've a partnership with SNAM now who, incidentally occupy the 4th employee position, now own a portion of the company. Honestly, I really hope this does get off the ground as we are going to need some particularly large storage solutions for hydrogen once production kicks off.
One fun fact, with 4 employees (according to Linkedin) dCarbonX has double the number of staff that Providence has lol
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The whole point is that the Irish Green party are determined to not look, or let anyone else look. Something that would not cost the state a single red cent to do so. What are they afraid off.... personally I cannot come up with a reason for that other than they are afraid somebody might actually find something. But that is my personal opinion, perhaps you have another explanation ?
When it comes to exploration then I do not know where you get the "Nobody is interested". The German`s, those past poster boys of Irish greens are certainly interested, and the present country being promoted here as poster boys, Norway, certainly are as they are firing around exploration licenses like snuff at an old style Irish wake.
This continuous line of " the world is moving away from fossil fuels" is being repeated ad nauseam on this thread as if tomorrow morning we were all going to switch from requiring fossil fuel to 100% renewable dependable energy. It is a complete and utter nonsense. Were are many many years away from that even being a possibility and in the meantime we need a transitional secure energy source. For us that is natural gas in whatever it`s forms, yet we have a Green Party and their supporters determined to ban LNG, ignored both our own energy regulator and the E.U. on energy security and not a single viable alternative from any of them.
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I wonder how folks feel about this particular proposal from the GP. Seems perfectly reasonable to me and would definitely go some way to addressing one of the biggest complaints around election time
The bill aims to
- Regulate the placement of election posters and referendum material to ‘designated areas’, chosen by the relevant Local Authority.
- Ensure the advertising of election candidates and referendums is cleaner, safer and less wasteful.
- Ensure it is fairer for independent candidates and candidates from smaller parties.
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So yet again you've made a number of serious and unsubstantiated allegations against the company with responsibility for Barryroe’s oil and gas field.
And when asked to backup those claims you fail to do so.
And again to reiterate what was said previously. Looks like you've been busted. You can drop the pretext of general concern. You have already stated you're against the use of our own natural gas.
So it wouldn't matter if the company developing Barryroe was a Triple A Rated, good plated investment - you'd still have the old hatchet out. Jack Nicholson wouldn't get a look in.
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The Irish Examiner asked that question 3 months ago of the Dept., 7 months after Barryroe made their application, and were told that the application "was under consideration". No mention of additional information being asked for or any problem with the application. That tallies with Barryroe saying that from submitting their application 10 months ago they have heard nothing and have been denied any meeting they have requested with Ryan in the meantime.
All that shows is that in your vehement opposition to natural gas you have been chancing your arm on Barryroe`s application and Ryan`s stonewalling.
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You really cannot help yourself can you when it comes to slinging mud at Barryroe and hope something sticks can you. Pathetic.
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In other news, policy and infrastructure changes such as this lead to real emission reductions and pay for themselves, whats not to love
Galway City Council has confirmed that around 9,600 streetlights have been converted to LED as part of its energy-efficient upgrade programme.
That represents 95% of the replacement of streetlights completed as of April of this year, which is eight months ahead of schedule.
A total of €3.06million was already invoiced for the work, and the final estimated cost of the programme will amount to €3.4m, according to an update report given to city councillors. This will be €700,000 under budget.
The local authority said that the new streetlights will result in approximately 64% energy savings annually.
Annual monetary cost savings will be approximately €340,000, and the CO2 savings will be approximately 975 tonnes per year.
The average payback of the investment will be 9.8 years, according to the report by the City Council.
It gave the example of Hazel Park, off the Thomas Hynes Road where there are 38 lighting columns. Before the upgrade, energy consumption there was 11,537 kWh per annum, costing €1,700 a year and producing 6.28 tonnes of CO2.
After the LED upgrade, the new energy consumption had plummeted to 5,025 kWh per annum, the new energy cost was €754 and some 2.73 tonnes of CO2 are produced now per year, more than half the previous figure.
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The issue xckjoo is that natural gas is needed for the period of transition to renewable energy generation, with a target if 80% renewables by 2050
Until then natural gas has been highlighted by the EU as necessary to a successful transition. We don't get free get out of jail card from that. Ireland has natural gas reserves not only in the Barryroe oil and gas field but also untapped reserves off the west coast.
Unfortunately there are some who wouod be only too happy to simply turn the lights off and bugger the consequences. We don't need to go away from this thread to see that
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I've no problem with gas. It has a role to play in the transition to full decarbonisation. I just don't think barryroe will have any role to play. Maybe it will, maybe it won't, have to wait and see, I just don't think its very likely.
It doesn't help that there appears to be a basket case of a company, a penny stock company with 2 employees, leading the effort.
But hey, maybe they'll get the licence
and maybe they'll find an investor
and maybe they'll get an operator
and maybe they'll get oil extracted
and maybe they'll eventually get around to extracting gas out
If they do, cool, it will have a role to play for maybe 5-6 years. Grand.
maybe all the above will happen before the need for it evaporates.
Unlikely, but maybe it will. Guess we'll just have to keep watching this space until there's a decision from the dept
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They do geological surveys to look for oil and gas. It's not a guessing game. They know fairly well what's there and nobody is interested. That's what I mean. Not sure what the Germans or Norway have to do with this (do the Germans have oil & gas?). They're their own countries with their own natural resources and established industries. If there was North Sea sized reserves around us it might be a different story.
We're moving away from them. But these kinds of things move at a glacial pace so you need to plan now for a decade or so down the line.
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Ya that's fine but I don't think the reserves we have are the answer. It would be nice if it came directly from the well to my house but it's not the only answer and doesn't look to be a viable one. Maybe I'm wrong but based on the current interest in it by established players, they seem to be on the same page. These things are always based on cost estimates and so far we're not in the black for them.
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We already source approx 30% of our natural gas from our own reserves. That figure has been as high as 60% in the last decade. The remainder we import via pipeline from the UK. The Irish energy regulator has recently highlighted that the UK pipeline no longer serves as a secure source of natural gas for Ireland. Primarily because of Brexit but also it can be added that because the UK is currently running out of its own gas supplies.
There are several untapped reserves of natural gas in Irish territorial waters. In the case of Barryroe - these reserves have now been deemed viable by the company awarded the exploration licence and who wish to move ahead with the penultimate stage prior to extraction by 2026. If the projected exploration is unsuccessful in producing sufficient quantities of natural gas for any reason - then that will be of no detriment to anyone. If however it is successful- then that benefits everyone in this country.
Unfortunately the development is not going to happen when we have Mr Ryan inexplicably (or perhaps not considering his dislike for fossil fuels) apparently stonewalling the development of the project.
With increasing demand for natural gas right across Europe, mainly because of the EU policy of a transition to renewables, plus the shortages caused by the invasion of Ukraine, means that those reserves we know about in Irish territorial waters are invaluable and all those which remain untapped are increasingly valuable and viable and in conjunction with LNG, which will provide Ireland with more secure and reliable sources of natural gas during the period of transition to renewable energy generation up to 2050 and beyond.
Perhaps not surprisingly we have some greens here who bizarrely are not only ignoring the EUs policy on natural gas and LNG, but also seem more than happy that Ireland goes down the drainpipe in relation to being able to have sufficient and reliable means of energy generation.
This is not directed at you btw, but I always find it useful to try and find the signal amongst the noise of certain types of comments. And there are some comments being made here here which simply can be safely ignored.
Post edited by Mecanudo on1 -
Sounds like we should have been encouraging oil/gas exploration, not banning it. As an alternative to Russia ,and helping us transition to renewable enery.
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The need for natural gas as a secure and reliable energy source is not going to "evaporate" in 5-6 years as well you know.
None of the above has negated your sly digs at Barryroe or you chancing your arm on Ryan stonewalling and getting caught out. Whatever that may say about you on a discussion forum, nationally Ryan`s behavior as a government Minister on the matter is disgraceful.
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You'd have to wonder whats in store for us this yearYou would indeed. I'd take a guess that it would be more unfounded claims about Barryroe amongst other things 😁
Not to indermine the serious issue of climate change. But relying on the media to provide a totally accurate account of stories such as the one you've linked stretches the reality of reoccuring extreme weather events.
What we do know is that not every extreme weather event is linked to permanent changes in our climate, but rather extreme weather events are known to be a feature of natural weather variability. The impacts of climate change on weather variability and extreme weather events is still being studied
From Met Eireann
Extreme weather events occur across the majority of Europe on an annual basis. Some of these hazardous weather events also occur in Ireland. Such events include heat waves during the summer months or very cold temperatures over a period of time during the winter. Others include heavy and persistent rainfall which leads to flooding. Or the opposite can occur, where a lack of rainfall can lead to drought situations. Some people feel that these extreme weather events are increasing in frequency and intensity, and that one of the main causes for this is human-induced climate change. It is very important that this connection between extreme weather events and climate change is better understood. Another name for such a link is climate change attribution i.e. how extreme weather can be attributed to climate changeReported media stories even when referring to official sources should be always treated with some caution.
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You do not just simply find oil and gas and determine the viability of such by geological surveys alone. It requires`exploration drilling which requires a license. Such licenses have now been banned under a Green Party sponsored Oireachtas bill. Without exploration drilling nobody knows what is there or in what quantities. Barryroe have already carried out that stage and are now being stonewalled by Ryan on a lease.
What Germany and Norway have to do with this is that, either in the recent past or in the present, Germany and Norway have both been held up to us as poster boys we should be following, yet neither have a problem with exploration. Norway firing around exploration licenses as recently shown here, and Germany if you missed it.
We are indeed moving away from fossil fuels, and as you say at a glacial pace due to the unreliability of our present renewable energy sources, so anyone who is looking at 100% renewable reliable energy that is not looking at a transitional energy source to get there is either blind or living in a fools paradise. Banning exploration for natural gas, hand sitting on a possible sources of the same and attempting to ban LNG is the blind and foolish Irish Green party ideology that this transition can somehow (and something none have been able to say how) be achieved without natural gas.
If you have an answer, then I`m all ears.
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Have you heard about climate change?
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Just to clarify, the 5-6 years I was referring to was for the amount of gas at that site, maybe its a little more than that, but not much more. Barryroe had about 30% the amount of gas that Corrib had and Corrib is projected to last 15 or so years in total, depleted by 2030ish, so maybe 5-7 would have been a better guess.
For reference:
- Recoverable Gas at Corrib 594×109 cu ft
- Recoverable gas at Barryroe 207×109 cu ft
Its also important to note here when discussing Barryroe, that its primarily an oil field and that is what will likely be extracted first as it will be quickest, especially if they can utilize a FSO as planned. From an investor POV, they would most likely have little choice but to try realise profits in this way as fast as possible
If they can utilise the existing Kinsale pipelines then it shouldn't take too long to start getting the gas out, however thats a big if as its unclear what infrastructure will be left in place yet plus, as mentioned, the ESB are looking to use those kinsale gas fields to store hydrogen so the existing pipelines may already be spoken for.
Also, per their own press releases, they are waiting on permission for an appraisal well only. This is likely to try and enhance the business case to get investors. That is planned for 2023, and all going well, plan to start commercial production in 2026 (incredibly ambitious timeline if you ask me seeing as Corrib took 10 years). Per my earlier comment about them going after oil first, they as much stated this in feb when they said "The initial project is also anticipated to advance the potential for further development of other Barryroe resevoirs, including its gas resources. The Board believes this technical strategy to be optimal and pragmatic in balancing risk and optimising value. It also maximises shareholder value, both for shareholders and the country."
https://www.providenceresources.com/sites/default/files/strategic_review_-_barryroe_-_04.02.2022.pdf
The latest from them is they expect a decision within the next month or two so we'll have to wait and see what happens as they've said they've answered everything required.
https://www.businesspost.ie/news/providence-hopes-to-obtain-barryroe-licence-in-next-90-days/ <-- paywalled
After that they'll have to report on the results from the appraisal well so there's a lot riding on that. Indeed, they even called out in a dec release that they are pretty much FUBAR if they don't get it
"As shareholders are aware, the granting of the Lease Undertaking for the Barryroe Field, which is subject to Ministerial consent, is fundamental to the execution of the Board's strategy. In the absence thereof, and indeed without receipt on a timely basis, the Board may not be able to achieve its stated objectives, with fundamental and serious consequences for PVR's future viability."
https://www.providenceresources.com/sites/default/files/strategic_review_-_preliminary_results.pdf
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Have the worlds top emitters of CO2, or do you somehow believe that not only will we make this leap to 100% reliable, dependable, renewable energy without gas, something that no greens are able to explain how, but by magically doing so we will save the planet all on our lonesome
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I am well aware what the independent assessment of the capabilities of Barryroe are. So what if it is 5 years of natural gas ? It would be 5 years of gas that do not have now, and even if they did extract the oil first it`s not as if we will not still require natural gas for many years to come now does it ?
How any of the rest of your post excuses Ryan`s to date 10 months of stonewalling on an application, or your attempts to place the blame for that on Barryroe I fail to see.
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As I've said, it'll take as long as it takes.
They want they decision yesterday, tough, that's not how these things work.
Do the only 2 employees in Providence think the minister should march to the beat of their drum or something? Get real.
When a decision is made they'll be informed, until they must wait.
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It is taking as long as Ryan can drag it out. He has now had 10 months and is still stonewalling.
You really cannot help making your pathetic little digs can you on Barryroe. Did it not cross your mind that the present numbers employed by Providence is directly related to Ryan`s stonewalling.
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I don't see how when they shed their staff (2019 I believe) they had not yet submitted their application so I don't see how you make that connection.
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Yer some man for the scaremongering, Considering accurate weather records only go back about 200 years world wide at most i do wonder how accurate any meteorogolist group can be in saying something is ''unusual''.
Im old enough to remember my mother talking about the paera in the 60s and 70s where every week the world was going to end... No difference really
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Italy have 110% grants for works that increase energy efficiency in housing and are rapidly expanding distributed BESS systems at a pace far far quicker than it takes to roll out large utility scale infrastructure
There is no good reason why Ireland cannot do this too. While also copying the Scottish model that allows them to generate more electricity than they use every year, and while also increasing the capacity of our interconnectors
Meanwhile we'll continue to have moffat while we reduce our need for gas and become more energy secure
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You seem determined to paint a picture of the company of your own making.
OK let's simplify. What is known.
• There are considerable estimated reserves of oil and gas in the Barryroe Oil and gas field. Enough to make the development viable with current market conditions.
• The most precise estimate of total yields will only be available following the appraisal and penultimate phase of the project. The part of the project which appears to have been deliberately stonewalled by Mr Ryan.
• The amount of gas extracted from the adjacent Kinsale gas reserves realised nearly 10 times the original estimate. It is believed that similar additional finds of gas will be realised from Barryroe
Large scale hydrogen storage remains years away from final realisation.
The rest of the above comment appears to be simply even more baseless speculation. Only yesterday it was posted that
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As for Ryan holding anything up, all that is being asked for is that any application include information on the companies who will actually be onsite doing the work. ...That Providence do not seem able to provide this informationNow today the above comment details that the company have provided all the relevant information? Whats changed overnight?
That comment is simply an attempt to thrash the company, the value and volume of the Barryroe gas reserves, and anything linked to it.
Question: Is there any skin of anyones nose except the company and its investors - if some appear to vehemently believe that the development of the gas reserves will not be realised? Remembering that the value of investments may rise and fall.
Like all Ireland natural gas reserves which have been realised, the value of the Barryroe gas field is that it will provide a proportion of the gas required and as a safe, secure and reliable source of natural gas for however long the reserves run for. Barryroe is not the only untapped gas reserves currently identified.
Like all such exploration - it is privately funded and won't cost the country or any citizen a cent unlike some of the environmentally disastrous wind farm developments which resulted in Ireland being heavily fined by the EU.
It's like the worst thing for some is that Ireland might just get the benefit of having a safe, secure and reliable source of its own natural gas reserves during the period of transition to renewable energy generation. And that type of position makes no sense whatsoever. So what gives?
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Now today the above comment details that the company have provided all the relevant information? Whats changed overnight?
Very simple answer, new information which I didn't have before.
I have no problem with updating a point/position on something as new info is found.
For example, I used to think EV's were great, now I realise that they have a place but cars in general are a really bad idea in terms of mobility.
I used to think the M6 Ring Road around Galway was the missing piece of the equation for the city, now I realise it will doom Galway to car centric development and planning for decades to come if it goes ahead.
And so on.
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"I have no problem with updating a point/position on something as new info is found."As previous you were asked politely about the source of that alleged information but nothing was forthcoming. Its perhaps then not surprising that posters may be sceptical about such claims.
But hey there's hope yet. We know that a safe secure and reliable source of natural gas is required for the period of transition to renewable energy generation. And even if a proportion of that continues to be supplied by our own reserves, then that's something which you may eventually come to realise is a definite benefit for the country as a whole.
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