Bay of Plenty and Auckland top regional GDP increases

Press Release – Statistics New Zealand

Twelve of the 15 regional economies in New Zealand recorded nominal GDP increases in the year ended March 2016, Stats NZ said today. Read more »

OMV, STOS Win Big at Inaugural Petroleum Conference Awards

Press Release – PEPANZ

OMV and Shell Todd Oil Services were the big winners at the inaugural New Zealand Petroleum Conference awards announced tonight. OMV picked up the awards for Exceptional Health, Safety and Environmental Leadership and for Excellence in Community Partnership … Read more »

NZ Refining gross margins edge up in start to 2017

Article – BusinessDesk

March 22 (BusinessDesk) – New Zealand Refining’s gross margins edge higher in the first two months of the year with strong throughput at the Marsden Point refinery. Read more »

Minister Collins sees exploration activity returning

Article – BusinessDesk

March 22 (BusinessDesk) – Energy Minister Judith Collins expects oil and gas exploration activity will return as margins start to improve. Read more »

35.5% of Maui’s dolphin sanctuary opened up for oil drilling

Press Release – Green Party

22 March 2017 35.5% of Mauis dolphin sanctuary opened up for oil drilling The Governments decision to allow oil drilling in 35.5 percent of the North Island Mauis dolphin sanctuary, as well as along the shores of picturesque Lake Te Anau … Read more »

Launch of Block Offer 2017

Speech – New Zealand Government

Its a pleasure to welcome you all to New Plymouth in the Taranaki province, the heart of oil and gas production in New Zealand. Read more »

2017 Block Offer petroleum tender launched

Press Release – New Zealand Government

New Zealand is well-placed to take advantage of the economic benefits of oil and gas exploration, Energy and Resources Minister Judith Collins announced today at the launch of the 2017 Block Offer petroleum tender. Read more »

Oil conference in lockdown as protesters blockade entrance

Press Release – The People’s Climate Rally

Tangata Whenua and people from all over New Zealand are currently blockading the Petroleum Summit in New Plymouth, to prevent government and oil industry delegates from entering the TSB Showplace. Read more »

Massive oil rig liability a ticking time bomb

Press Release – Green Party

The Government faces a bill of up to $855 million over the next 25 years as New Zealands aging oil rigs come to the end of their life, the Green Party revealed today. Read more »

Petroleum Conference Opens tomorrow in New Plymouth

Press Release – Petroleum Exploration Association of New Zealand

The 2017 New Zealand Petroleum Conference opens tomorrow in New Plymouth, the first time the Conference has been hosted in Taranaki. Read more »

Petroleum industry a bad taxpayer investment

Opinion – Dr Terrence Loomis

Petroleum industry a bad taxpayer investment 20 March 2017 The New Zealand Petroleum Conference this week in New Plymouth will no doubt talk up the industrys value to the country. But economic anthropologist Terrence Loomis, who has recently published … Read more »

Groups ready to disrupt oil summit in New Plymouth

Press Release – The People’s Climate Rally

People from all over Aotearoa are gathering in Taranaki from Tuesday to begin The Peoples Climate Rally, which aims to blockade the NZ Petroleum Conference at the TSB Showplace. Read more »

BP plans to halve NZ Refining stake, selling $86 mln shares

Article – BusinessDesk

March 17 (BusinessDesk) – BP New Zealand Holdings is selling down part of its holding in the nation’s only oil refinery operator, NZ Refining, potentially reaping as much as $86 million. Read more »

AA Smartfuel boosts offering with Contact Energy

Press Release – AA Smartfuel

Theres no sign of AA Smartfuel taking its foot off the pedal with the announcement of a new partner one of New Zealands leading energy companies, Contact Energy. Read more »

NZ petrol companies wary of customs law overhaul

Article – BusinessDesk

March 16 (BusinessDesk) – New Zealand’s petrol companies are welcoming a change to 20-year-old customs and excise law but want to make sure they don’t get blindsided by the way officials judge whether a blended fuel will attract more duty. Read more »

While you were sleeping: Oil sinks, euro rises

Article – BusinessDesk

March 10 (BusinessDesk) – Oil dropped amid intensifying concern about record US stockpiles, while the euro strengthened as European Central Bank President Mario Draghi said risks to the regions growth have become less pronounced. Read more »

The NZDUSD opens at 0.6897 (mid-rate) this morning

Press Release – HiFX

The NZDUSD opens at 0.6897 (mid-rate) this morning. The NZD has continued its run lower overnight with the December 23rd low at 0.6857 a clear target. This week the NZD/USD rate has dropped 1.9% but it feels like more with theFebruary 7th high at … Read more »

Greenpeace NZ crowdfunding boat to confront seismic blaster

Press Release – Greenpeace New Zealand

Thursday, March 9: Greenpeace is crowdfunding to buy a boat to confront the worlds biggest seismic blasting ship, the Amazon Warrior, as it searches for oil off the East Coast of the North Island. Read more »

Action Needed To Grow New Zealand’s Petroleum Sector

Press Release – Petroleum Exploration Association of New Zealand

The Petroleum Exploration and Production Association of New Zealand (PEPANZ) today called on the next Government to review fiscal policy settings, invest in further geological studies of New Zealands petroleum basins and establish a dedicated … Read more »

More Mergers and Acquisition; Standard Life & Aberdeen

Article – ThinkMarkets

Today is all about mergers and acquisition and this what driving the sentiment. However, European markets are poised to open lower ahead of a busy week which is full of macro events and economic data. Read more »

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