NZ Oil & Gas buys 19.99% of Cue Energy from Todd for A$14M

Article – BusinessDesk

NZ Oil & Gas buys 19.99% of Cue Energy from Todd for A$13.96 mln Read more »

Renewable electricity generation continues to rise

Press Release – Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employment (MBIE) today published the September quarter 2014 edition of the New Zealand Energy Quarterly. Read more »

EPA looks forward to high levels of compliance with EEZ law

Press Release – Environmental Protection Authority

The Environmental Protection Authority (EPA) is expecting high levels of compliance with the new Exclusive Economic Zone (EEZ) legislation as operators become more familiar with the regimes strict new requirements. Read more »

Commerce Commission decision on WACC used for disclosures

Press Release – Commerce Commission

The Commerce Commission has released its final decision on the weighted average cost of capital (WACC) that will apply to information disclosure for electricity lines and gas pipeline businesses. Read more »

New Oil and Gas Permits at odds with Climate Obligations

Press Release – Climate Justice Taranaki

It is foolish and reckless for the NZ government to continue pushing for fossil fuel exploration. The government is ignoring its global obligation to tackling climate change. Its turning a blind eye to legitimate concerns from kiwis who care about … Read more »

Greenpeace closing down Statoil office now

Press Release – Greenpeace New Zealand

Wellington, 10 December 2014 – This morning Greenpeace activists are barricading shut Statoils new Wellington office before the Norwegian oil giant has fully opened for business. Read more »

Chevron, Indian state oil company enter NZ oil search

Article – BusinessDesk

Dec. 9 (BusinessDesk) – The third annual round of oil and gas exploration licences has attracted two new international players: US giant Chevron, which operates the Caltex brand in New Zealand, and Indian government-controlled ONGC Videsh, the first … Read more »

Govt awards 15 new oil and gas permits

Press Release – New Zealand Government

Energy and Resources Minister Simon Bridges today announced the award of 15 new oil and gas exploration permits as a result of Block Offer 2014. Block Offer 2014 includes six onshore permits across the Taranaki, West Coast and East Coast basins, and nine … Read more »

Simon Bridges Speech: Block Offer 2014 Permit Awards

Speech – New Zealand Government

The oil and gas industry is already a vital part of the New Zealand economy. Oil is our fourth largest commodity export after dairy, meat and wood, and oil and gas combined contribute more than $2.7 billion to GDP each year. Read more »

Ten year anniversary for Gas Industry Company

Press Release – New Zealand Government

Energy and Resources Minister Simon Bridges has congratulated the Gas Industry Company (GIC) on ten years of successful operation as a regulator in the downstream gas sector in New Zealand. The GIC has worked closely with industry and Government to support … Read more »

Vector Network News – 1 December 2014

Press Release – Vector

On Friday, the Commerce Commission released its decision on the default price path for 16 electricity lines businesses. As a result of their analysis, the Commerce Commission have given a clear view of the average residential electricity bill split. Read more »

Another endorsement for landfarm activities

Press Release – Taranaki Regional Council

A new study shows that soil ecology and health are not threatened by land-based bioremediation of drilling wastes under the consent conditions imposed by the Taranaki Regional Council. Read more »

Climate report reinforces need for Government action

Press Release – Green Party

The Parliamentary Commissioner for the Environments latest report released today reinforces the need for the Government to take climate change seriously, the Green Party said. Read more »

Changing climate and rising seas: Understanding the science

Press Release – Parliamentary Commissioner For The Environment

During my seven years as Commissioner, I have consistently said that climate change is the biggest environmental issue we face. This investigation has provided an opportunity to develop a deeper understanding of what is causing climate change and one of its … Read more »

NZOG’s head of exploration Bill Houston resigns

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Bill Houston, New Zealand Oil & Gas’ general manager of exploration, has resigned less than a year after he took up the role with the listed energy explorer. Read more »

Residents’ Views Sought on Oil and Gas Exploration

Press Release – Dunedin City Council

Dunedin (Monday, 17 November 2014) Do you have a view on exploration for oil and gas off the Otago coast? Read more »

National Government Expands Oil and Gas Drilling

Press Release – Oil Free Wellington

The National Government is flying in the face of climate science and public opposition as it opens over 100,000 sq km to oil and gas exploration. The Government’s proposed Block Offer 2015 is a huge step in the wrong direction. Last week the IPCC’s Fifth … Read more »

Vector Network News – EV’s on show

Press Release – Vector Limited

Vectors electric vehicles and charging units were on show at the EV (electric vehicle) Expo held at MOTAT on Saturday. Read more »

NZ Oil & Gas to return $60M to shareholders via reduction

Article – BusinessDesk

Nov. 4 (BusinessDesk) – New Zealand Oil & Gas, the listed energy explorer, will return about $60 million to shareholders, saying cash on hand will be more than it needs to grow its business as production ramps up at the Tui field. Read more »

Margin that it applies to regulated cost of capital reduced

Press Release – Commerce Commission

The Commerce Commission has released its final decision on the weighted average cost of capital (WACC) used for regulated businesses. The WACC uplift (or margin) for price-quality regulation has been set at the 67thpercentile, down from the 75th percentile. … Read more »

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