Business Scoop


First Gas ordered to pay $3.4m for anti-competitive conduct

Article – BusinessDesk

Feb. 22 (BusinessDesk) – First Gas has been ordered to pay $3.4 million by the High Court after admitting it engaged in anti-competitive conduct when acquiring the Bay of Plenty gas distribution assets of GasNet. Read more »

First Gas accepts High Court Ruling

Press Release – First Gas

First Gas Limited accepts the High Courts ruling for costs relating to an acquisition the Commerce Commission said was likely to reduce competition. Read more »

Waitomo – fueler for the future in the Tron

Press Release – Waitomo

Hamilton-based fuel supplier Waitomo Group has today opened its first central city site in the Tron the third fuel stop for its hometown. Read more »

Exploration ban may cut GDP by $38 billion – NZIER

Article – BusinessDesk

Feb. 19 (BusinessDesk) – The governments ban on new offshore exploration will reduce the countrys GDP by between $15 billion and $38 billion, raise prices and reduce investment during the next 30 years, the New Zealand Institute of Economic … Read more »

Climate defence protest against oil drillers – New Plymouth

Press Release – Climate Justice Taranaki

On Wednesday 20th February members of Climate Justice Taranaki will be restarting ongoing protests at the headquarters of climate polluters in Taranaki. This week, the group is going to Todd Energy and OMV from 12pm, at 32-38 Molesworth St, New … Read more »

Oil and gas ban needs ‘recalibration’

Press Release – ACT New Zealand

Oil and gas ban needs recalibration A new report shows just how much damage the Governments nave oil and gas ban will do to the economy and to New Zealanders back pockets, says ACT Leader David Seymour. Read more »

Assessment of ban – we’ll be poorer not cleaner

Press Release – New Zealand National Party

New Zealanders will end up poorer as a result of the Governments ban on new oil and gas exploration, but theyll have nothing to show for it in terms of slowing climate change, Nationals Energy & Resources spokesperson Jonathan Young says. Read more »

PEPANZ gas report nothing but “fake news and flatulence”

Press Release – Greenpeace New Zealand

Tuesday, February 19: An oil industry-commissioned report claiming to show the Governments oil and gas exploration ban will cost billions is nothing but “fake news and flatulence”, according to Greenpeace. Read more »

NZIER report shows $28b blow to economy from oil and gas ban

Press Release – PEPANZ

Last years oil and gas exploration decision could cost the New Zealand economy $28 billion by 2050, according to a new study by the New Zealand Economic Institute for Economic Research (NZIER). Read more »

NZOG says rig booked for Ironbark drilling

Article – BusinessDesk

Feb. 13 (BusinessDesk) – New Zealand Oil and Gas and its partners in the Ironbark project off Western Australia have secured a drilling rig for late 2020. Read more »

UPDATE: Contact earnings jump

Article – BusinessDesk

Feb. 11 (BusinessDesk) – Higher gas and carbon prices are likely to underpin wholesale power prices but nevertheless longer-term electricity futures prices should fall, Contact Energy says. Read more »

Ngāti Ruanui shuns greedy Big Oil

Press Release – Te Runanga o Ngati Ruanui Trust

Ngti Ruanui shuns greedy Big Oil attempt to save future attempts at sunset industry exploration Ngti Ruanui shuns the new Petroleum Exploration and Production Association of New Zealand (PEPANZ) advertising campaign starting tonight (Monday). Read more »

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