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19 Oct 2018

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NZ shares fall most across Asia; Z Energy still under pressure
New Zealand shares fell the most across Asia as Z Energy led the market lower for another day amid rising oil prices, growing competition and the threat of increased regulation. The S&P/NZX 50 index dropped 108.33 points, or 1.2...

Oil ban puts New Zealand on a 'black list' for investment, service companies claim
A body representing seismic testing companies is demanding more than $100 million in compensation for its members if the Government passes a ban on issuing new exploration permits.

BP starts expansion to Thunder Horse deep-water Gulf field
NEW ORLEANS (AP) — Energy giant BP says it's added the equivalent of 30,000 barrels of oil a day to production at its largest Gulf of Mexico platform, called Thunder Horse .A news release Thursday from Houston-based BP United States...

4,000 evacuated in California as underground gas fire burns
BAY POINT, California (AP) — A fire that ignited in an underground natural gas storage area in the San Francisco Bay Area prompted officials to evacuate thousands of residents, and Chevron emergency crews were working Thursday to...

Add oil: Encouraging Chinese phrase enters English dictionary
Why you might start using this Chinese expression if you want to encourage someone.

Green Party calls for oil drilling loophole to be closed
The Green Party will propose an amendment to the Crown Minerals Act Amendment Bill to close a current loophole that allows for oil and gas companies to extend their permits for offshore drilling.

Poland, US firm sign long-term gas imports deal
WARSAW, Poland (AP) — Poland's main gas company says it has signed a long-term contract for the purchase of some 40 million tons of liquefied natural gas from a U.S.-based producer in the first such deal in Central and Eastern Europe.Piotr...

OMV gets extension to drill well off Otago Coast
The Austrian oil company has been granted a two-year extension for drilling an exploratory well in the Great Southern Basin off the Otago Coast.

Driving Auckland-Wellington on a single tank of gas: Here's how to do it
Do you really need everything you've packed for your Labour weekend road trip? Do you have to fill up with food and bulk-buy the beers before setting off for the bach?Ditching excess weight is one way to get more from your fuel,...

Govt trashes NZ reputation, creates $104M losses - Young
The Government has hurt New Zealand’s reputation well beyond the oil and gas sector, and must respond to investors facing $104 million of losses if its exploration ban succeeds, National’s Energy and Resources spokesperson Jonathan Young says.

NZ First urged to block exploration ban
New Zealand First needs to halt the government’s planned ban on new offshore exploration before it can harm the country’s energy security and manufacturing sector, Greymouth Gas says

The Latest: Fire burning in California gas storage area
BAY POINT, Calif. (AP) — The Latest on a fire threatening a natural gas pipeline in the San Francisco Bay Area (all times local):8:15 a.m.A fire is burning in an underground natural gas storage area in the San Francisco Bay Area...

Imported coal needed to keep the lights on in NZ
Genesis Energy is buying coal and gas in the wholesale market to supplement fuel supplies, while it awaits the first deliveries of imported coal in early December

Beaches closed on the French Riviera due to oil pellets
PARIS (AP) — France's Ecology Ministry says pellets of oil have reached Mediterranean beaches near Saint-Tropez on the French Riviera ten days after two cargo ships collided north of the island of Corsica.It said those beaches were...

Turkmenistan opens $3.4 billion chemical plant
KIYANLY, Turkmenistan (AP) — The Central Asian nation of Turkmenistan has opened a chemical plant that cost $3.4 billion to build, its latest effort to diversity its gas-dependent economy.Turkmenistan is home to one of the world's...