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 »

EPA grants marine consent for STOS exploration drilling

Press Release – Environmental Protection Authority

The Environmental Protection Authority has granted a marine consent to Shell Todd Oil Services Ltd (STOS) to continue its exploratory drilling operation at the Ruru-2 and Mui-8 exploration well sites within the South Taranaki Bight. Read more »

Philanthropist Gardiner’s NZ Refining stake split eight ways

Article – BusinessDesk

Sept. 10 (BusinessDesk) – The estate of late Canadian philanthropist George Ryerson Gardiner has divided up its stake in New Zealand Refining Co as an inheritance. Read more »

No prosecution for fuel spill

Press Release – Environment Canterbury

Environment Canterbury today announced its decision not to prosecute Mobil Oil New Zealand Ltd for the spill from its tank farm at Lyttelton on 5 March 2014. 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 »

Lower petrol prices match falls in commodity prices

Press Release – Automobile Association

Petrol pump prices fell 4 cents per litre during August, but there was no change in diesel prices. Excluding sites discounting pump prices, the cost of petrol at most service stations in the main centres ended the month on $2.18 per litre, with … 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 »

Marine Oil Spill Exercise at Napier Port

Press Release – Hawke’s Bay Regional Council

Hawkes Bay Regional Council will be undertaking its annual marine oil spill exercise in and beside Napier Port on Monday 1 September 2014. 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 »

Bridges: Speech to AusIMM Conference

Speech – New Zealand Government

Good morning everyone. Its a pleasure to be here for the 2014 AusIMM New Zealand Annual Conference my second since becoming Energy and Resources Minister. Read more »

Whio-1 drilling operations finalised

Press Release – OMV New Zealand

OMV New Zealand Ltd announces the completion of drilling operations on the Whio-1 exploration well located in PEP 51313 in the Taranaki Basin. Read more »

Standing Guard with the Toroa / Albatross

Press Release – Oil Free Otago

Anyone entering Otago Harbour will be welcomed by a giant Toroa/albatross on the roof of the Quarantine Island chapel. It was painted on Sunday by St Martin Island (Quarantine Is) Community and Oil Free Otago members. Read more »

Another Taranaki well comes up dry

Article – BusinessDesk

Aug. 26 (BusinessDesk) – The string of unsuccessful offshore oil exploration wells continues, with the Whio-1 well to be plugged and abandoned, despite hopes it would find commercial quantities of hydrocarbons because of its proximity to the producing … 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 »

High NZ costs challenging cruise lines

Press Release – Cruise New Zealand

New Zealands fuel and port costs are among the highest in the world, according to international cruise line representatives. Even though cruise passengers regularly rate their experience of New Zealand highly, the high costs of operating here are … 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 »

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