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Displaying items by tag: Spanish Point South

#Oil - The Irish Times reports that the State has offered Irish oil and gas firm Providence Resources a new licensing option off Spanish Point in Co Clare.

The award will allow Providence and its prospecting partners to turn the option for Spanish Point South, which lies in the northern Porcupine Basin some 160km off the Clare coast, into a frontier exploration licence.

Providence - which earlier this week dismissed setbacks over its Barryroe prospect in the Celtic Sea that saw its shares fall in early trading - says its planned 3D seismic survey will be the third such survey in the area, and together with its Spanish Point well "should put us in the leading position" in the hydrocarbon-rich zone.

As previously reported on Afloat.ie, the Porcupine Basin region has long been identified as a bountiful source of oil, with the potential to produce as much as one billion barrels.

Published in Coastal Notes

Shipyards

Afloat will be focusing on news and developments of shipyards with newbuilds taking shape on either slipways and building halls.

The common practice of shipbuilding using modular construction, requires several yards make specific block sections that are towed to a single designated yard and joined together to complete the ship before been launched or floated out.

In addition, outfitting quays is where internal work on electrical and passenger facilities is installed (or upgraded if the ship is already in service). This work may involve newbuilds towed to another specialist yard, before the newbuild is completed as a new ship or of the same class, designed from the shipyard 'in-house' or from a naval architect consultancy. Shipyards also carry out repair and maintenance, overhaul, refit, survey, and conversion, for example, the addition or removal of cabins within a superstructure. All this requires ships to enter graving /dry-docks or floating drydocks, to enable access to the entire vessel out of the water.

Asides from shipbuilding, marine engineering projects such as offshore installations take place and others have diversified in the construction of offshore renewable projects, from wind-turbines and related tower structures. When ships are decommissioned and need to be disposed of, some yards have recycling facilities to segregate materials, though other vessels are run ashore, i.e. 'beached' and broken up there on site. The scrapped metal can be sold and made into other items.