New Research Programme Aims to Lift Oil & Gas Exploration

Press Release – GNS Science

GNS Science has been awarded funding for a four-year research programme to improve the chances of finding oil and gas accumulations in New Zealands sedimentary basins. Read more »

Oil and gas Block Offer 2016 consultation begins

Press Release – New Zealand Government

Hon Simon Bridges Minister of Energy and Resources 3 September 2015 Oil and gas Block Offer 2016 consultation begins Read more »

Fuel prices continue to fall – but not for much longer

Press Release – AA Insurance

Fuel prices continued to fall during August, with the national price of 91 octane petrol dropping below $2.00 a litre for the first time in four months, according to AA PetrolWatch. The price of 91 octane petrol at most outlets ended the month … Read more »

Network summary for week ending 30 August 2015

Press Release – Vector Limited

Our crews were on site in Howick West after a car vs pole incident brought lines down there during the week. This incident caused an outage in the area, affecting around 30 customers. Our crews were kept busy dealing with car vs pole incidents … Read more »

Vector posts 2.8% gain in full-year earnings

Article – BusinessDesk

Vector posts 2.8% gain in full-year earnings as smart meters lead growth, sees further gain in 2016 Read more »

NZ Oil & Gas posts $6.2M loss on writedown of Tui field

Article – BusinessDesk

Aug. 27 (BusinessDesk) – New Zealand Oil & Gas ramped up production during the year to June 30 to offset the sharp decline in world oil prices, turning in a net loss of $6.2 million, compared with a profit of $10.1 million the previous year. Read more »

Genesis ‘comfortable’ for now with Huntly closure decision

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Genesis Energy still plans to close the remaining 500 Megawatts of ageing gas and coal-fired electricity generation capacity at its Huntly power station in 2018, in spite of last week’s surprise decision by Contact Energy to close … Read more »

Genesis Energy ups dividends as free cash flow increases

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Genesis Energy became the latest electricity company to increase its distributions to shareholders as it reported a 113 percent increase in net profit of $104.8 million on marginally increased revenues of $2.1 billion … Read more »

Payday for Contact senior managers triggered by Origin exit

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Contact Energy’s senior management team is set to benefit to the tune of almost $3.8 million from today’s announcement of the exit by its 53 percent shareholder Origin Energy. Read more »

Origin exits Contact for $1.8B, ending foreign control era

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Contact Energy will become an independently governed company for the first time since privatisation in 1999 after cornerstone shareholder Origin Energy agreed to sell its 53.1 percent stake to “a broad range of Australian, … Read more »

Contact Energy in trading halt; Origin exit plan imminent

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Contact Energy shares have been placed in a trading halt on the NZX, pending an announcement about its majority shareholder Origin Energy’s exit from the company. Read more »

Vector Network News

Press Release – Vector Limited

Our field crews isolated power to five house fires during the week, in Homai, Ellerslie, Stanmore Bay, Te Atatu South and Mangere. An isolation of power was requested at a building fire in central Auckland, but our contractors in attendance advised that … Read more »

Calibre Consulting wins Silver at INNOVATE NZ Awards

Press Release – Calibre Consulting

Calibre Consulting has won a Silver Award at the 2015 INNOVATE NZ Awards of Excellence for the improvements made to the anaerobic digestion systems at Palmerston North City Councils (PNCC) Waste Water Treatment Plant. Read more »

NZOG seeks partners for 2017 drilling offshore Otago

Article – BusinessDesk

July 30 (BusinessDesk) – New Zealand Oil & Gas says exploration drilling of the Barque prospect in the Canterbury basin, which has the potential to be the nation’s biggest-ever hydrocarbon discovery, is expected to start in 2017, subject to securing … Read more »

Gull Brews up Lower Fuel Prices

Press Release – Haystac

Price drop at Gull tops off milestone month Motorists fuelling up at Gull this month have been treated to a limited edition 98 Octane biofuel, with DB Export Brewtroleum temporarily taking the place of Gull Force 10 during July. The high performance fuel … Read more »

Cold snap drives demand

Press Release – Vector

If you thought this winter has been a little on the chilly side, youd be right. During the cold snap in the first week in July, Vectors peak load was up 74 MW on the same week the year before. 74 MW is equivalent to the maximum demand for 24,666 … Read more »

CPI up 0.4 percent on higher petrol prices

Press Release – Statistics New Zealand

The consumers price index (CPI) rose 0.4 percent in the June 2015 quarter, following falls of 0.3 percent and 0.2 percent in the March 2015 and December 2014 quarters, Statistics New Zealand said today. Read more »

Landfarming, a good story to tell

Press Release – PEPANZ

Landfarming and the benefits it brings is actually a good story to tell. The release of the Landfarming Guidelines brings about a happy ending to the Landfarm debate, Cameron Madgwick, CEO of the Petroleum Exploration and Production Association NZ … Read more »

Kea Petroleum exit from NZ a step closer

Article – BusinessDesk

July 14 (BusinessDesk) – Shareholders in cash-strapped London-listed oil and gas explorer, Kea Petroleum, have voted to approve the disposal of the company’s interests in Taranaki exploration and production licences and a recapitalisation plan that … Read more »

Z to supercharge local groups’ 2015 with $250,000

Press Release – Z Energy

Neighbourhood groups doing extra good in their hoods have been selected to receive a share of $250,000 from Z Energy to help supercharge their 2015. The 14 groups were chosen after in-store voting for Good in the Hood by customers at every Z site … Read more »

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