Not going to be anywhere near straight forward. Don’t ask Milliband.
Suet |
From Chasrutledge on the other board. |
 Alan Robertshaw claims Europa Oil & Gas is lodging an application to undertake “fracking̶1; operations on the outskirts of Scarborough, North Yorkshire (Letters, 23 February). This is misleading. Europa intends to perform a proppant squeeze operation to appraise the potential of the Cloughton gas field to determine if gas can be extracted at commercial rates. If successful, the gas field would be developed, subject to regulatory approval, and would displace imported high-emission liquefied natural gas.
Fracking is defined as high-volume hydraulic fracturing to extract shale gas. Proppant squeeze operations are not fracking, and have been successfully deployed for many decades in the UK. The planned proppant squeeze is a regulated activity and will not induce earthquakes, pollute the water table, damage the heritage coast or affect local property prices, and will only increase HGV traffic by 1% during the operation.
Development of the Cloughton gas field will create local jobs, be unnoticeable once in production, diversify the UK gas supply and reduce the greenhouse gas emissions associated with the gas that we consume in the UK.
Saying that a proppant squeeze is fracking is equivalent to saying that a domestic cat is a tiger on the basis that they are both cats.
William Holland
CEO, Europa Oil & Gas |
£6k worth of shares, he gets paid £335k so makes sense to buy a few to pacify those who accuse him of not backing himself and keep himself in a job! |
shareprice doesnt make sense when will bought 3 weeks ago at 0.83 |
10% down, wtf |
0.65p to sell - shame Will's salary doesn't move down with the share price
Move aside - no chance. Bo will have to sack him.
Suet |
come on Will, get a JV done, or move aside |
In 2024, the United Kingdom imported approximately 124 billion cubic meters (bcm) of natural gas from Norway, which was valued at around £27.3 billion.
This volume represented about 58% of the UK's total gas imports for that year.
The trade balance between Norway and the UK was significantly in Norway's favor, with Norway exporting NOK35.3 billion worth of goods to the UK in November 2024 alone, while importing NOK3.46 billion from the UK, resulting in a positive trade balance of NOK31.9 billion for that month.
These figures underscore Norway's role as a key supplier of natural gas to the UK.
"If Britain had produced all this gas how much tax would the treasury have collected. How much money could we have saved and applied to other services. How much less could our own gas and electric bills be. It is quite obvious most politicians are bereft of common sense on both sides of the channel and think it is perfectly fine to screw British and Irish folk."
In 2024, the United Kingdom's natural gas production experienced a notable decline. Specifically, production decreased by approximately 15% in the third quarter of 2024 compared to the same period in 2023, continuing a downward trend observed in recent years.
This decline is attributed to the maturation of North Sea gas fields and a lack of significant new developments coming online. Industry experts have expressed concerns about the accelerating rate of decline, emphasizing the need for strategic planning to manage the UK's energy security and transition to alternative energy sources. "This must and should include our own gas not imports." |
And the North Sea goes from Newcastle to Norway - UK won’t allow our side to be drilled but import it from Norway, the whole idea is a cracking yoke |
Sounds promising. I had never thought that imported LNG has probably been extracted using fracking defeating the resistance to provide energy from local sources.
We don't want fracking but we will import fracked oil, we don't want carbon but we will ship our energy supplies 1000's of miles. |
From Flombo10 on the other board
Below is article from today’s Sunday independent making case for Europa inishkea field.
If LNG imports from the US are a 'priority', why not drill for Irish gas in Irish waters?
ByRICHARD CURRAN
Taoiseach Micheál Martin has thrown a grenade into the debate about importing liquefied natural gas (LNG) from the likes of the US, in a move that is likely to make Hulk actor Mark Ruffalo "very angry”.
With the last FG/FF/Green coalition having shut down the idea of an LNG terminal for years, things are changing very rapidly. The concern has been that imported LNG, which would enhance our energy security, especially in the event of an emergency, would most likely be fracked. Aside from environmental concerns, we don't have anywhere to store the gas.
Environmental campaigner Ruffalo and many other groups have been opposed to an LNG terminal, and a planning application for a large facility in North Kerry was rejected some time ago. But last year, the courts overturned that planning decision on appeal.
Meanwhile, Donald Trump is running amok, breathing fear into EU leaders everywhere that he will impose huge tariffs on EU imports if the Europeans don't start buying more LNG and military hardware from the US.
We can have a go at buying some guns and equipment for the defence forces, but we may need to start buying some LNG too, if we want to keep the White House onside on bigger economic issues.
We oppose nuclear energy - but we import electricity from the international grid, some of which is probably made in nuclear plants.
The Department of Energy has been looking at ways of storing a supply of LNG for emergency purposes and this is now suddenly being described as a "priority”.
Micheál Martin said at the weekend: "We will have to have an LNG facility of some kind…The department were looking at a floating LNG facility. We will be looking at that and Government will be progressing that.”
A department spokesperson last week told this paper: "Work in relation to LNG is continuing as a matter of priority. We will return to the Government for a final decision on the optimum solution to secure Ireland's energy systems in the coming weeks.”
Perhaps the Taoiseach wants to have something to deliver to the US president on St Patrick's Day, along with the bowl of shamrock.
It makes perfect sense to have some kind of LNG storage facility in Ireland. But we have to decide where we stand on fracking. It might only make things worse, if we construct LNG storage and then buy non-fracked stuff from somebody other than the US. The US is now the largest exporter of LNG in the world.
The drive towards renewables is vital, but we'll also need fossil fuels well into the future. If Ireland stores an emergency back-up supply, we will need to use it and replenish it, as it cannot sit indefinitely - unused - in storage tanks.
This raises a whole new question about our gas exploration policy. If we end up buying fracked gas, surely it would be
better to have our own natural gas resources developed?
The Corrib gas field has supplied around 25pc of Ireland's gas needs for many years, but it is running out. Europa Oil & Gas has an exploration licence on a location right beside Corrib, which in early assessments points to a sizeable find. The infrastructure is nearby.
But former Europa chairman Brian O'Cathain has been critical of government policy in the area of not issuing new licences for gas exploration. Back in 2023, he prophetically said: "If domestic gas is not landed, Ireland won't use less gas - but will increasingly rely on imports to plug the gap in the coming decades.”
Europa has been trying to get funding for exploration of its Inishkea licence area close to the Corrib field. The licence for another promising prospect, Barryroe, was not renewed by the department.
O'Cathain stepped down as Europa chairman last week after several years in the post.
So, what is government policy on LNG storage in this changing geo-political environment?
The 2020 Programme for Government was quite clear. It pledged to end the issue of new licences for gas exploration and extraction. And it stated: "As Ireland moves towards carbon neutrality, we do not believe that it makes sense to develop LNG gas import terminals importing fracked gas. Accordingly we shall withdraw the Shannon LNG terminal from the EU Projects of Common interest list in 2021.”
It is a fudge to think we will import one single batch of LNG and simply leave it in the tanks for years to come for an emergency that may never come.
We need energy security and we need to be realistic about that. For practical political as well energy reasons we will need to import some LNG into Ireland. |
watch out for a shed load of options issued |
Perhaps with Bo as chairman there will be a more open door policy towards third party interest. Or maybe there has been no interest!
Suet |
I’m still surprised no one’s made a bid for us. |
Heyco one of the guest speakers |
thats an interesting read. let the battle commence in the labour party. |
UJO up 16% this morning.. not sure what reason is yet, could be their USA, could be Wressle planning / pernmissions, could be telegraph article (link below)
Hope some good cheer spills over to us |
Hopefully Bo will ensure that shareholders interests are moved firmly towards the top of the pile.
Ok I still may not make any money here but I am now looking forward to greater integrity and honesty.
Very pleased at this development.
Suet |
BP set to scale back green investments as profits drop sharply |
what a complete waste of space he has been, all take no give...imho |
Close the door on the way out, Brian |
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