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 »

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 »

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