New report shows full value of having oil and gas industry

Press Release – Venture Taranaki

A new report by Taranakis regional development agency has found that New Zealands oil and gas industry and its supply chain employ 11,720 people up from 7,700 in 2010 – and injects $2.79 billion into the nations economy an increase from … Read more »

Start-up Petromac develops device to guides oil well probes

Article – BusinessDesk

March 19 (BusinessDesk) – Petromac, a company started last year by Auckland-based petrophysicist Stephen McCormick, has developed a disruptive technology that allows oil and gas companies to get better data from wireline logging of oil wells. Read more »

NZOG says acceptances in Cue takeover lift holding to 27%

Article – BusinessDesk

March 13 (BusinessDesk) – New Zealand Oil and Gas said acceptances under its hostile takeover offer for ASX-listed Cue Energy Resources lift its interest in the target company to 27.3 percent, close to its target holding. Read more »

Quaker letter to John Key on Climate Change Commitments

Press Release – The Religious Society of Friends

Quakers, as a religious body which has always had a strong commitment to peace and social justice, are concerned that New Zealand should respond effectively to its responsibilities to the future, especially to the younger members of the population. … Read more »

Grant Samuel report ‘materially overstates’ Cue Energy value

Article – BusinessDesk

March 10 (BusinessDesk) – A report being used by Cue Energy Resources to fend off a takeover bid from New Zealand Oil & Gas `materially overstates’ the target company’s value, says Wellington-based Woodward Partners in a report for clients … Read more »

How do you make an electric vehicle fly?

Press Release – Vector Limited

When the organisers of the Downstream Energy conference offered Vector a chance to showcase one of our electric vehicles, we leapt at the chance. Read more »

Minister of Energy and Resources to open Downstream tomorrow

Press Release – Downstream

The energy sectors annual 2-day conference Downstream is being held in Auckland tomorrow, at the SkyCity Convention Centre in Auckland. Read more »

350 Calls for TSB to Go Fossil Free

Press Release – 350 Aotearoa

Today 350 Aotearoa has launched a petition calling for TSB Bank to make a commitment to being fossil fuel free. The petition comes after TSB Bank, the Taranaki community-owned bank, last week announced it had written down its remaining $53.9 million debt exposure … Read more »

Busy weekend for Auckland

Press Release – Vector Limited

Its one down and three to go at Eden Park for Cricket World Cup 2015. It was a very busy weekend in Auckland with the Volvo yachts coming in late Saturday, the Lantern Festival running in Albert Park and of course that cricket game. Vector crews … Read more »

Genesis Energy lifts 1H pretax earnings by 15%

Article – BusinessDesk

Genesis Energy lifts 1H pretax earnings by 15%, selling more electricity, gas to fewer customers Read more »

Stormy Auckland sees Vector breach power service quality

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Vector, the Auckland gas and electricity distribution monopoly, is in discussions with the Commerce Commission over a likely breach of its service quality agreement on its network for the second year in a row. Read more »

Vector first-half profit falls 17% on regulatory impost, mar

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Vector, the Auckland gas and electricity distribution company, posted a 17 percent drop in first-half profit as a gain in sales was offset by regulated price reductions, mark-to-market losses on derivatives and increased borrowing costs. Read more »

Government bending backwards for oil corporations

Press Release – Climate Justice Taranaki

Media Release: Government bending backwards for oil corporations From: Climate Justice Taranaki Date: 18 February 2015 for immediate release Read more »

Tui writedown turns NZOG to a first-half loss

Article – BusinessDesk

Feb. 18 (BusinessDesk) – New Zealand Oil & Gas, the exploration company, turned in a loss in its first half after the global drop in oil prices saw it recognise a $13 million write down on its Tui oil field. Read more »

EEZ Bill needed to give certainty to gas supply

Press Release – New Zealand Government

Hon Dr Nick Smith Minister for the Environment 17 February 2015 Media Statement EEZ Bill needed to give certainty to gas supply Read more »

EEZ Act fix must not weaken environmental protections

Press Release – Green Party

The Government must ensure the public that changes to the Exclusive Economic Zone and Continental Shelf (Environmental Effects) Act 2012 will not weaken environmental protections and make it easier for mining applications to be approved, the Green … Read more »

Be Careful with Cricket World Cup Flags

Press Release – Vector Limited

Vector is reminding cricket fans to be careful with hanging Cricket World Cup flags and bunting. Read more »

Cue board rejects NZOG takeover offer

Article – BusinessDesk

Feb. 13 (BusinessDesk) – Directors of ASX-listed Cue Energy Resources have advised shareholders to reject the 10 Australian cents per share takeover mounted by New Zealand Oil & Gas, saying it “substantially undervalues” the company … Read more »

NZOG seeks 30% of Cue Energy via full takeover bid

Article – BusinessDesk

Feb. 12 (BusinessDesk) – New Zealand Oil & Gas is fulfilling industry analysts’ predictions that falling oil prices would prompt mergers and acquisitions among smaller local oil and gas players by mounting a full takeover bid for Cue Energy. Read more »

Vector News – Cricket World Cup is almost here

Press Release – Vector

Cricket fans from around the world are rushing to get their tickets with just six days before the start of the ICCs flagship tournament. Read more »

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