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 »

Contact Energy mulling capital return to shareholders

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Contact Energy directors are actively considering a capital return to shareholders as the company emerges from a five year, $2 billion programme of investment in new power stations and IT systems and enters a period of increasingly … Read more »

TAG Oil earnings improve on shift to oil over gas

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Onshore Taranaki oil and gas producer TAG Oil has shifted production heavily in favour of oil and away from natural gas between the first quarters of the current and the previous financial years, substantially improving its earnings … Read more »

Full details of oil execs’ junket revealed

Press Release – Green Party

Full details of a $237,000 taxpayer-funded oil executives junket in 2011 have emerged. National paid the nearly quarter of a million dollars to wine and dine 11 oil executives in New Zealand during the Rugby World Cup. Read more »

Submissions available on OMV Maari consent application

Press Release – Environmental Protection Authority

This is an update on the application by OMV NZ for a marine consent to complete their development drilling programme in the Maari field in the Taranaki Basin. Read more »

Stop putting livestock on toxic waste dumps

Press Release – Climate Justice Taranaki

Media Release: Stop putting livestock on toxic waste dumps From: Climate Justice Taranaki Date: 31 July 2014 for immediate release Read more »

Auckland man convicted, fined $25,000 for illegal gasfitting

Press Release – Plumbers Gasfitters and Drainlayers Board

A welder who illegally installed gas pipes and appliances at a home in Auckland was convicted and fined $25,000 in the Auckland District Court. Judge Dawson also ordered he pay reparations of $6,039 along with court costs and solicitors fees. Read more »

Local Taranaki business fined $6000 for illegal gasfitting

Press Release – Plumbers Gasfitters and Drainlayers Board

MD Brown & Co Limited, a team of plumbers who have over 30 years combined experience in plumbing and drainlaying, should have known that similar to these trades it is illegal to carry out gasfitting work without authorisation from the Board. Read more »

Former oil company head to speak in Hawke’s Bay

Press Release – Joint Press Release

Former oil company head to speak in Hawkes Bay The former Executive Chairman of Shell Australia, Dr Roland Williams is to speak at two seminars in Hawkes Bay next month. Dr Williams is a former Global Head of Shells international gas and … Read more »

Swift Opens Branch In New Zealand

Press Release – Swift Worldwide Resources

Swift Worldwide Resources ( http://www.swiftworldwideresources.com/ ), the premier supplier of manpower resources to the oil and gas industry, has opened an office in New Plymouth, the major city in the Taranaki Region of New Zealand. This new office … Read more »

Mighty River Power: Quarterly Operational Update

Press Release – Mighty River Power

Mighty River Powers average energy price for sales to customers in the quarter to 30 June 2014 was down 4% on the prior comparable period (pcp), reflecting the highly competitive retail electricity market. Read more »

Regulator’s draft view trims returns for network monopolies

Article – BusinessDesk

Regulator’s draft view on monopoly networks would be $33M a year win for consumers Read more »

Draft decision on WACC for gas and electricity services

Press Release – Commerce Commission

Commission releases draft decision on the WACC used for regulation of electricity lines and gas pipeline services Read more »

LanzaTech FY loss widens to $40.5M as biotech firm scales up

Article – BusinessDesk

July 15 (BusinessDesk) – LanzaTech New Zealand, which counts US billionaire clean-tech investor Vinod Khosla as its biggest shareholder, posted a wider full-year loss as the company scales up technology that uses microbes to convert industrial waste gases … Read more »

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