Business Scoop


EPA denies Climate Justice Official Information Request

Press Release – Climate Justice Taranaki

Climate Justice Taranaki has been denied information regarding legal advice sought by the Environmental Protection Authority (EPA). The advice concerned processing of OMVs consent applications for its oil drilling programme in the Taranaki Basin. Read more »

Tui drilling offers Taranaki economy a $110M boost

Article – BusinessDesk

Nov. 6 (BusinessDesk) – A successful side-track drilling programme proposed at the offshore Tui oil and gas field may boost the Taranaki economy by up to $110 million, a board of inquiry heard today. Read more »

Minister reveals woeful ignorance of power prices

Press Release – New Zealand National Party

The Minister of Energys woeful ignorance of New Zealand electricity prices raises wider concerns about her stewardship of major energy reforms set to become law this week, Read more »

Contact says earnings ahead of last year, eyes geothermal

Article – BusinessDesk

Nov. 6 (BusinessDesk) – Contact Energy says its operating earnings during the past four months are ahead of last year. Read more »

Z’s plunging profits show who’s really to blame

Press Release – New Zealand Taxpayers’ Union

The Prime Ministers pointed pontification on petrol price margins has been exposed as bananas with Z Energys profit for the last six months having been slashed, says the New Zealand Taxpayers Union. Read more »

Call for Government to justify oil and gas decision

Press Release – PEPANZ

The Government is being asked to pause legislation ending new offshore oil and gas exploration permits until serious economic and environmental concerns have been investigated. Read more »

Govt’s legal advisors criticise rushed exploration ban

Article – BusinessDesk

Oct. 30 (BusinessDesk) – Consultation on legislation to implement the governments planned ban on new offshore exploration should have been wider given its potential for significant environmental, economic and societal impacts, the countrys … Read more »

Electricity key to Fonterra’s 2050 net zero target

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Electricity is probably Fonterras best long-term energy option, but the company says it will need a combination of fuels at its sites as it works toward its 2050 net zero emissions target. Read more »

Major role outlined for oil and gas in a lower carbon world

Press Release – PEPANZ

Oil and gas have a crucial long-term role and will have much less of an impact on the environment in future, according to a new report released today by the Petroleum Exploration and Production Association of New Zealand (PEPANZ). Read more »

NZ’s loss is Australia’s gain as gas ban looms

Press Release – New Zealand National Party

The Governments rush to ban new offshore oil and gas exploration is hurting the economy and doing nothing for global carbon emissions, while Australia stands ready to top up our energy needs, Nationals Energy and Resources spokesperson Jonathan … Read more »

NZ First urged to block exploration ban

Article – BusinessDesk

Oct. 19 (BusinessDesk) – New Zealand First needs to halt the governments planned ban on new offshore exploration before it can harm the countrys energy security and manufacturing sector, Greymouth Gas says. Read more »

Govt trashes NZ reputation, creates $104M losses

Press Release – New Zealand National Party

The Government has hurt New Zealands reputation well beyond the oil and gas sector, and must respond to investors facing $104 million of losses if its exploration ban succeeds, Nationals Energy and Resources spokesperson Jonathan Young says. Read more »

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