Under-pressure exploration company Providence Resources has no plans to further develop its newly-created ‘green’ energy subsidiary for the foreseeable future. The company is currently awaiting vital funding from its development partners, to finance a major drilling round at its flagship Barryroe oil and gas field, off the Cork coast, next year. However, earlier this year Providence formed an affiliate business Providence Renewables DAC to look at geothermal energy projects and ways of transforming boiling water under the sea bed into renewable electricity. Speaking after Providence’s agm in Dublin this week, chief executive Tony O’Reilly Jr said while the group is planning a strategic review of all its assets and divisions, development of the renewables arm remains some time off, and not just due to the overall company’s current financial restrictions. “Geothermal energy is really interesting. The problem is there’s got to be some legislative frameworks put in place to be able to do things like that; likewise around carbon sequestration. “I’d be interested in the long term, but we’re many years away before having actual legislation to allow these things to happen. So, will it be short-term, probably not, but you never know,” Mr O’Reilly said. Providence said, back in February, that it has already been approached by companies – mainly in the service equipment, power generation and engineering areas – interested in forming a joint-venture around the renewables project. However, Providence was not keen to progress it at such an early stage. It was also reported, at that time, that Providence could ultimately seek a separate IPO for the renewables arm or sell the division entirely. Mr O’Reilly said he still believes in the Irish offshore, but said enough wells haven’t been drilled over the years in order to truly test Ireland’s resources potential. He said he hoped any change of Government in the next 12 months would not lead to a block to drilling plans at Barryroe. “Oil and gas is still the mainstay of energy supply in this country and will continue to be; maybe the mix will change and more gas will be used. But, why any government would turn its back on the development of its own natural resources is beyond me. We’re stlll going to need oil and gas; [we’re saying] shop local, don’t buy international,” he said. Mr O’Reilly said, this week, that he expects the long-awaited initial €8m in Barryroe funding by the September 30 payment deadline. However, he said that planned drilling at the field is unlikely to now commence before “well into 2020”.
-
Recent Posts
- NZ Governments Funds Research On Deep, Very High Temperature Geothermal Resources
- Providence Resources To Park Green Energy Business Plan
- Absence Of Legislative Framework Proves Major Hurdle For Geothermal Development in Ireland
- How North Sea Technology Can Cut Emissions
- Technical Update – Dunquin North Geothermal Assessment
Recent Comments
- ivanesva on How North Sea Technology Can Cut Emissions
- pwaslh on Providence’s New Eco Arm To Target Greenhouse Gas
- XVIDEOSCOM Videos on Providence Resources To Park Green Energy Business Plan
- XVIDEOSCOM Videos on How North Sea Technology Can Cut Emissions
- Xvideos on How North Sea Technology Can Cut Emissions
Categories
Pingback: tinder dating site uk
Pingback: dating sites free instant messaging
Pingback: free dating in hull
Pingback: negative effects of dapoxetine
Pingback: drug coupons for prescriptions albuterol
Pingback: hydroxychloroquine and eye problems
Pingback: other names for hydroxychloroquine
Pingback: american doctors and hydroxychloroquine
Pingback: heisinger zovirax kreitler
Pingback: hydroxychloroquine french trial
Pingback: most common side effects of ivermectil
Pingback: buy ivermectin usa
Pingback: priligy generic brand
Pingback: chloroquine withdrawal symptoms
Pingback: ivermectin for cough
Pingback: ivermect 1000 mg tablets
Pingback: stromectol for rats
Pingback: ivermectin for corona
Pingback: non prescription ivermectin
Pingback: stromectol generic
Pingback: ivermectin for sale near me
Pingback: meritking
Pingback: meritking
Pingback: eurocasino
Pingback: madridbet
Pingback: eurocasino
Pingback: elexusbet
Pingback: trcasino
Pingback: ivermectin near me
Pingback: trcasino
Pingback: tombala siteleri
Pingback: tombala siteleri
Pingback: tombala siteleri
Pingback: meritroyalbet
Pingback: meritroyalbet
Pingback: meritroyalbet
Pingback: Anonymous
Pingback: Anonymous
Pingback: ivermectin treatment for covid
Pingback: ivermectin price
Pingback: ivermectin in india
Pingback: ignition casino for mac
Pingback: is ivermectin safe for humans
Pingback: buy prednisone 20mg online cheap
Pingback: tadalafil brand names
Pingback: tadalafil best price uk
Pingback: ivermectin 50 mg
Pingback: buy ivermectin online
Pingback: sildenafil
Pingback: what is tadalafil
Pingback: generic viagra buy
Pingback: lasix 500 mg tab
Pingback: stromectol tab
Pingback: sildenafil tadalafil
Pingback: cialis in canada
Pingback: cialis price costco
Pingback: where to get tadalafil
Pingback: sildenafil citrate for sale
Pingback: research tadalafil
Pingback: ivermectin in australia
Pingback: cheap sildenafil online in usa
Pingback: sildenafil citrate
Pingback: tadalafil cialis
Pingback: doxazosin and cialis
Pingback: how to buy cialis in india
Pingback: tadalafil no prescription
Pingback: side effects of prednisone 20mg
Pingback: half life of prednisone 20mg
Pingback: where can i get paxlovid
Pingback: how to get cialis prescription online
Pingback: 3statements
Pingback: canada cialis generic online
Pingback: cialis tubs
Pingback: buy generic cialis online us pharmacy
Pingback: where to buy ivermectin online
Pingback: natural viagra for men
Pingback: prednisone side effects in men
Pingback: buy tadalafil online
Pingback: best online casino gambling
Pingback: buying viagra
Pingback: sildenafil walmart
Pingback: tadalafila
Pingback: borgata online
Pingback: cialis generic
Pingback: ivermectin gel
Pingback: buy ivermectin for scabies
Pingback: real money casino games
Pingback: ivermectin in humans
Pingback: tadalafil side effects
Pingback: how easy is it to get accutane
Pingback: generic
Pingback: cheap generic viagra online
Pingback: cialis coupon
Pingback: ivermectina oral
Pingback: tadalafil prescription
Pingback: casino play real money usa
Pingback: ivermectin 6mg tablet for lice
Pingback: tadalafil order online no prescription
Pingback: imverctin
Pingback: jeffrey smith ivermectin
Pingback: where to buy ivermectin australia
Pingback: ivermectin 1%cream
Pingback: ivermectin horse wormer
Pingback: madridbet
Pingback: meritroyalbet
Pingback: meritking
Pingback: meritking
Pingback: tadalafil peptides
Pingback: furosemide no prescription
Pingback: ielexusbet
Pingback: lasix 500 mg online
Pingback: where to buy ivermectin australia
Pingback: where to buy ivermectine us
Pingback: eurocasino
Pingback: eurocasino
Pingback: stromectol tablete
Pingback: ivermectin 3mg tab
Pingback: ivermectin usa price
Pingback: madridbet
Pingback: luckyland slots real money
Pingback: ivermectin for scabies
Pingback: how to get ivermectin in canada
Pingback: cost of ivermectin cream
Pingback: meritroyalbet
Pingback: eurocasino
Pingback: where to buy ivermectin uk
Pingback: ivermectin nz
Pingback: ivermectin brand
Pingback: ivermectin and india
Pingback: child porn
Pingback: ivermectin 9mg
Pingback: ivermectin liquid
Pingback: mazhor4sezon
Pingback: filmfilmfilmes
Pingback: ivermectin
Pingback: 9-05-2022
Pingback: kinoteatrzarya.ru
Pingback: TopGun2022
Pingback: XVIDEOSCOM Videos