NZ Oil & Gas to return $63.2M of excess cash

Article – BusinessDesk

Jan. 29 (BusinessDesk) – New Zealand Oil & Gas, the listed energy explorer, will return $63.2 million of excess cash to shareholders after gaining final High Court orders allowing it to proceed with the plan. Read more »

New Zealand’s Climate Movement is growing

Press Release – Oil Free Otago

New Zealands Climate Movement is growing bigger and more organised, said OFO member Rosemary Penwarden on the eve of the Taranakis Beauty and the Beast weekend conference that has attracted climate activists and interested people from … Read more »

Be safe if storing fuel at home

Press Release – Z Energy

Fuel prices are the lowest theyve been in five years, but storing fuel at home can be highly dangerous. Z Energys Health, Safety, Security and Environment (HSSE) Manager, Julie Rea, cautions customers to understand the risks before deciding to … Read more »

Positive indications in Kupe testing

Press Release – NZ Oil And Gas

Preliminary results of testing at the Kupe gas and oil field, offshore Taranaki, New Zealand, demonstrated improved well productivity and access to previously untapped gas reserves. Read more »

Warts and all expose of Taranaki’s oil and gas

Press Release – Joint Press Release

Taranakis relationship with oil and gas will be examined at an Environmental and Conservation Organisations of Aotearoa New Zealand (ECO) gathering this weekend. Read more »

Submission period opens on STOS marine consent application

Press Release – Environmental Protection Authority

The Environmental Protection Authority (EPA) has today opened the submission period on a marine consent application by Shell Todd Oil Services (STOS) to continue its offshore activities in the Mui natural gas field. Read more »

SeaDragon’s new refinery to overcome Omega-3 quality issues

Press Release – SeaDragon

SeaDragons new refinery to overcome Omega-3 quality issues highlighted in University of Auckland research Read more »

Stand on airline fuel charges welcomed

Press Release – Customs Brokers and Freight Forwarders Federation

The Customs Brokers and Freight Forwarders Federation of New Zealand (CBAFF) has welcomed a stand by the international body, which would help consumers reap the benefits of falling oil prices. Read more »

RMA reform agenda outlined

Press Release – New Zealand Government

Overhauling the Resource Management Act (RMA) is critical to addressing housing supply and affordability, and maintaining the momentum of economic and job growth as well as better managing New Zealands environment, Dr Nick Smith said today in his 20th … Read more »

Fuel price falls should mean lower farm costs

Press Release – Federated Farmers

The continuing fall in fuel prices should be reflected in lower farm input costs Federated Farmers believes. Read more »

UPDATE: NZ Refining shares climb to 22-month high

Article – BusinessDesk

Jan. 20 (BusinessDesk) – Shares of New Zealand Refining climbed to a 22-month high after the Marsden Point refinery operator flagged a return to annual profit in 2014 after widening margins, cheaper crude oil and a favourable exchange rate turned around … Read more »

Profit Forecast for Refining NZ’s FY14

Press Release – Refining NZ

Following the release of Refining NZs Throughput and Margin report for the November/ December period the Company is announcing that it expects to post a full year 2014 NPAT (net profit after tax) of between NZD 9.5 million and NZD 10.5 million, subject … Read more »

Throughput and Margin Report for November/December 2014

Press Release – Refining NZ

The Gross Refinery Margin1) (GRM) for the period was USD 9.98 per barrel with a throughput of 7.1 million barrels. This delivered a Processing Fee income of NZD 63.9 million, enabling the Fee Floor2) to be completely paid back to customers. The average exchange … Read more »

NZ Refining anticipates FY profit

Article – BusinessDesk

Jan. 20 (BusinessDesk) – New Zealand Refining, which operates the Marsden Point refinery, will report an annual profit in 2014 after widening margins, cheaper crude oil and a favourable exchange rate turned around the company’s performance from the middle … Read more »

‘Gull Effect’ Set to Take Flight in 2015

Press Release – Gull Petroleum

Filling the tank will get more affordable for New Zealanders this year with Gull, the independently owned energy company, set to open multiple sites across the North Island in 2015. Read more »

Petrol retailers and importers must pass on savings

Press Release – New Zealand Labour Party

New Zealands petrol retailers and importers must start passing on savings to Kiwis motorists following the dramatic drop in the price of crude oil, Labours Energy Spokesman Stuart Nash says. Read more »

Natural Gas, Power and Coal Market Recap WE 1/4/15

Press Release – PIRA Energy Group

NYC-based PIRA Energy Group believes that big decisions to emerge and change course of LNG supply in 2015. In the U.S., last weeks weekly storage update from the EIA revealed a further contraction in withdrawals. In Europe, the downward price … Read more »

Weekly Oil Market Recap for the Week Ending January 4th

Press Release – PIRA Energy Group

PIRA Energy Group’s Weekly Oil Market Recap for the Week Ending January 4th, 2015 Read more »

NZOG says Pateke well reserves smaller than initial estimate

Article – BusinessDesk

Jan. 6 (BusinessDesk) – New Zealand Oil & Gas, the exploration company, says the Pateke-4H well in the Tui oilfield off the Taranaki coast will boost the field’s reserves by less than initially thought. Read more »

Bumper Christmas/New Year for the Coromandel

Press Release – New Zealand National Party

Bumper Christmas/New Year for the Coromandel Lower petrol prices, a stronger economy and great weather are being attributed to a bumper Christmas, New Year period for the Coromandel. MP for Coromandel, Scott Simpson, says visitor numbers are up and … Read more »

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