Hikoi From North Reaches Oil Conference Tomorrow

Press Release – Statoil Out

Today: The Hikoi opposing Statoil plans for seismic testing and deep sea oil drilling has marched through Dargaville and later be welcomed to Piringatahi Marae, West Harbour,Tamaki Makaurau/Auckland. Read more »

Equinoctial gales usher in spring

Press Release – Vector Limited

Wednesday (Sept 24) morning at 9:18am marked a special point in our orbit around the sun – the overhead sun shifted from the northern hemisphere to the southern hemisphere, known as the September equinox. Over the next few weeks, as we notice the longer … Read more »

Tax office appeals Vector’s $53 million win on CBD tunnel

Article – BusinessDesk

The Inland Revenue Department will appeal a High Court decison which found in favour of Vector over a $53 million payment relating to the Auckland electricity and gas network operator’s access rights to its Auckland CBD tunnel. Read more »

Greenlane Biogas sold to UK investor for $25mln

Article – BusinessDesk

Sept. 19 (BusinessDesk) – New Zealand exporter of biogas technology Greenlane Biogas has been sold to a listed UK company for $25 million. Read more »

Infratil shares gain on Aust energy sale, manager books fee

Article – BusinessDesk

Sept. 15 (BusinessDesk) – Infratil shares rose to the highest in more than six years on the prospect of a capital return after the A$605 million sale of its Australian energy operations for A$605 million, which will generate a $44 million fee for manager … Read more »

Start to Spring Brings Volatile Weather

Press Release – Vector Limited

The start of spring ushered in the usual volatile weather in the shape of blustery conditions over the weekend. On Sunday, wind gusts of up to 85 km/h were reported in Whangaparaoa, 70 km/h in West Auckland and 76 km/h in southern parts of the city. … Read more »

New Data Resource to Help in the Search for Oil And Gas

Press Release – GNS Science

Geologists will produce a series of freely available digital maps and a comprehensive database over the next four years to help exploration companies pinpoint prospective areas to explore for oil and gas in New Zealands offshore territory. Read more »

Quieter Week for Vector Crews

Press Release – Vector Limited

Vector has made it easier for its northern network customers to report an outage. Instead of calling their retailer, they can now get in touch with Vector directly. Read more »

EPA gives early nod on Taranaki well consent application

Article – BusinessDesk

Sept. 5 (BusinessDesk) – The first marine consent application to drill for oil and gas in the Taranaki Basin has gained early approval from the Environmental Protection Authority in a process being closely watched by the industry after the hurdles struck … Read more »

Regions Better Off with Share of Royalties

Press Release – New Zealand First Party

National is rejecting a game changer for the regions – the sharing of hundreds of millions of dollars from royalties from oil, gas and minerals, says New Zealand First. Read more »

Communities should share in extraction royalties

Press Release – Local Government NZ

Local Government New Zealand (LGNZ) has come out strongly seeking a policy change for the distribution of a share of royalties from mineral, oil and gas extraction to the communities where the activity takes place. The Government receives hundreds … Read more »

SFO charges MightyRiverPower engineer with $2 mln fraud

Article – BusinessDesk

Sept. 2 (BusinessDesk) – The Serious Fraud Office has charged a MightyRiverPower engineer of fraudulently issuing invoices totalling $2 million. Read more »

EPA grants marine consent for OMV exploration well

Press Release – Environmental Protection Authority

The Environmental Protection Authority has granted a marine consent to OMV New Zealand Ltd for its Whio-1 exploration well in the Taranaki Basin. Read more »

Why Gisborne would need a ‘local share’ of royalties

Press Release – Local Government NZ

Every year the Government receives hundreds of millions of dollars in royalty payments for oil, gas, coal and mineral extraction in New Zealand. Read more »

Genesis beats prospectus forecast with 53% drop in FY profit

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Genesis Energy, New Zealands largest energy retailer, posted a 53 percent drop in full-year profit, beating its prospectus forecast and affirmed it was on track to meet its targets for 2015 even in the face of heightened … Read more »

NZ Oil & Gas profit falls 61% as exploration costs surge

Article – BusinessDesk

Aug. 26 (BusinessDesk) – New Zealand Oil & Gas, which has interests in the Tui and Kupe fields, posted a 61 percent drop in annual profit, reflecting a “sharp” increase in exploration costs and some foreign exchange losses on its US dollar holdings. Read more »

ENEX expands New Plymouth expo

Press Release – Conferenz

ENEX – New Zealands biennial Oil & Gas Expo is returning to New Plymouth for the third time in 2015. Now owned solely by Conferenz Ltd, ENEX will bring together over 100 exhibitors to showcase the latest technology and capability that underpins … Read more »

NZ Refining pushing hard to shave $4M off likely annual loss

Article – BusinessDesk

Aug. 25 (BusinessDesk) – A combination of cost cutting, more efficient processing and one-off market factors should limit New Zealand Refining’s expected loss for the year to around $23 million, instead of the $27 million it would otherwise face, … Read more »

Vector profit down on price cuts, reduced energy consumption

Article – BusinessDesk

Aug. 22 (BusinessDesk) – Auckland electricity and gas network operator Vector saw net profit after tax fall 16.9 percent to $171.3 million in the year to June 30, as regulator-mandated cuts to its monopoly assets bit into revenues, along with lower … Read more »

MRP exceeds prospectus forecasts as Heffernan signs off

Article – BusinessDesk

Aug. 20 (BusinessDesk) – Tight cost control and reduced sales to commercial and industrial customers at low prevailing wholesale electricity prices were primary contributors to state-controlled electricity generator and retailer MightyRiverPower turning in … Read more »

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