Latest Posts in Oil and Gas

Construction of Todd Energy’s $65million LPG Plant Will Provide 200,000 Hours of Work in Taranaki
Major earthworks commenced today marking the first stage of construction of Todd Energy’s LPG plant. The construction of the $65million plant will provide significant benefits to both the local Taranaki and New Zealand economy.
Richard Tweedie, Managing Director, Todd Energy said “construction [...]

WELLINGTON, Jan 20 - The New Zealand government is offering six new permits to drill for oil and gas off the country’s northwest coast, the energy minister said on Wednesday.
The offer covers a total of 105,230 square kilometres (40,630 square miles) of ocean in the Reinga Basin, thought to be geologically similar to the neighbouring [...]

Figures from the Ministry of Economic Development show production rose almost 20% in the three months to September, compared with the previous quarter and was 7% higher than the previous year.
The figures precede a summer of oil prospecting described by the Government as the busiest in New Zealand’s history.
Energy Federation chairman Rob Whitney says the [...]

Dec. 29 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified.
Themes of the day: Shares weakened on Wall Street, paced by airlines, after a Nigerian man attempted to blow up a Northwest Airlines plane [...]

Infratil Ltd. and the Guardians of New Zealand Superannuation moved a step closer to acquiring the local downstream assets of Royal Dutch Shell Group after signing a letter of intent for the purchase.
The letter doesn’t constitute a binding agreement though it does “represent Infratil and the Guardians’ clear intention to proceed to acquire Shell’s New [...]

A partially privatised, government-backed oil and gas exploration business emerges as a practical option for kick-starting a higher level of activity in the New Zealand oil and gas sector, says a report prepared for Energy Minister Gerry Brownlee by broking firm McDouall Stuart.
The report was released with a speech from Brownlee this week showing the [...]

Infratil and the New Zealand Superannuation Fund have entered exclusive negotiations with oil giant Shell over the possible acquisition of the oil giant’s New Zealand refining and distribution and retailing businesses.
Infratil’s manager, Morrison & Co, said today the consortium had submitted a non-binding conditional proposal to Shell and had entered into the final phase of [...]

Two companies have shaken hands on a multimillion-dollar deal over the commercial supply of biofuel.
The agreement in which Environ Fuels Ltd will supply biodiesel to Explore New Zealand’s marine fleet in  Auckland and the Bay of Islands is valued at more than $3million.
“This is the first commercial-scale marine biofuel agreement in New Zealand,” Environ Fuels [...]

New Zealand, known to many by their premium products such as lamb, seafood and kiwi fruit, among others, has emerged and is now regarded as one of the top frontier regions of the world for oil and gas exploration.
According to Crown Minerals, government body of NZ that manages its oil, gas, mineral and coal [...]