NZOG narrows first-half loss in lead-up to $168m Kupe sale

Article – BusinessDesk

March 1 (BusinessDesk) – New Zealand Oil & Gas narrowed its loss in the final six months of 2016, just before the $168 million sale of its stake in the Kupe oil and gas fields, cutting almost a third of its operating costs, and halving exploration … Read more »

NZ Refining annual profit drops 69% from a record year

Article – BusinessDesk

NZ Refining annual profit drops 69% from a record year with margins weaker in 2016 Read more »

Government releases terms of reference on fuel price study

Forecast – BusinessDesk

Feb. 24 (BusinessDesk) – The government has released the terms of reference of a study to determine how fair petrol and diesel prices are at the pump and the aim is to wrap it up by June, said Energy and Resources Minister Judith Collins. Read more »

Terms of Reference into Fuel Price Inquiry released

Press Release – New Zealand Government

The Terms of Reference for the Fuel market Financial Performance Study Energy have been released today, says Energy and Resources Minister Judith Collins. Read more »

Caltex cuts dividend to pay for Gull acquisition

Article – BusinessDesk

Feb. 21 (BusinessDesk) – ASX-listed Caltex Australia has reported a 17 percent jump in annual profit despite revenue dropping, and is looking to regional expansion with its acquisition of Gull New Zealand the first step. Read more »

NZOG sees more potential in deepwater Barque prospect

Article – BusinessDesk

Feb. 21 (BusinessDesk) – New Zealand Oil & Gas, which is hunting out new investment opportunities, is in talks with prospective partners for the deepwater Barque prospect off Oamaru’s coast after almost trebling the size of what a successful find could … Read more »

National cooking the planet with gas

Press Release – Green Party

National is not taking seriously its responsibility to protect future generations and eliminate climate-damaging pollution, despite its high-profile commitment last year to the Paris Climate agreement, the Green Party said today. Read more »

TTR retreads rejected argument in 2nd bid to mine iron sands

Article – BusinessDesk

Feb. 17 (BusinessDesk) – Fisheries groups have teamed up to oppose Trans Tasman Resources’ second bid to mine iron sands from the ocean floor in New Zealand’s Exclusive Economic Zone, and were joined by Origin Energy Resources Kupe NZ – on behalf of the Kupe … Read more »

Govt refusal to allow regional petrol tax slammed

Press Release – Generation Zero

Generation Zero is disappointed that the Government refuses to allow Auckland to address its transport funding deficit. Read more »

Forest & Bird warns of risks to marine mammals

Press Release – Forest and Bird

Forest & Bird is warning that the destructive practice of seabed mining would cause significant damage to the marine environment if allowed to proceed in the South Taranaki Bight. Read more »

Research: Gov’t efforts to promote oil & gas development

Press Release – Dr Terrence Loomis

New research suggests Governments efforts to promote oil and gas development while managing environmental critics and exerting more government control over resource management are harming long-standing government/civil sector relationships. Read more »

Greenpeace challenges PEPANZ to a public debate

Press Release – Greenpeace New Zealand

Im writing in regard to your invitation to attend the 2017 Petroleum Conference, taking place in Taranaki this March. I appreciate that this must be a significant step for PEPANZ, as it is the first time that Greenpeace has been formally asked … Read more »

Minister Collins puts petrol prices under the microscope

Article – BusinessDesk

Feb. 9 (BusinessDesk) – The Ministry of Business, Innovation and Employment will conduct a review to determine how fair petrol and diesel prices are at the pump, Energy and Resources Minister Judith Collins said today Read more »

Government to investigate fuel market returns

Press Release – New Zealand Government

Energy and Resources Minister Judith Collins has today announced a Market Study into fuel prices/returns to be undertaken by the Ministry of Business, Innovation and Employment (MBIE). Read more »

Official Cash Rate unchanged at 1.75 percent

Press Release – The Reserve Bank of New Zealand

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Read more »

The NZDUSD opens at 0.7314 (mid-rate) this morning

Press Release – HiFX

The NZDUSD opens at 0.7314 (mid-rate) this morning. The NZD has made small gains against all its rivals over the past 24hrs, following yesterdays better than expected inflation report and a surprise increase in this mornings GDT index. The Reserve … Read more »

While you were sleeping: Energy stocks slide with oil

Article – BusinessDesk

Feb. 8 (BusinessDesk) – A decline in energy stocks weighed on Wall Street, while investors digested comments from US Federal Reserve officials about the potential for an interest rate increase next month. Read more »

New Plymouth celebrates lower fuel prices

Press Release – Gull New Zealand

Gull New Zealand has winged its way to New Plymouth, bringing lower fuel prices to local motorists. Read more »

Lack of diversity is hurting Kiwi economy

Press Release – New Zealand Labour Party

The latest yearly overseas trade figures to December 2016, showing two consecutive annual falls in the value of New Zealands exports, shows the Government is still failing to provide the leadership necessary to diversify our economy, says Labours … Read more »

Fall in quarterly exports despite rise in dairy

Press Release – Statistics New Zealand

A nearly 10 percent rise in dairy product exports in the December 2016 quarter partly offset falls for other products, Statistics New Zealand said today. Read more »

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