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17 May 2024

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NZO - AMADEUS OPERATIONS UPDATE 11 MAY
New Zealand Oil & Gas has received new information from the Operator (Central Petroleum, ASX: CTP; Operator) of the Palm Valley and Dingo permits. Given the Company’s renounceable rights issue offer is currently open

America's Cup defence campaign: Mark Dunphy sees $40m shortfall part filled by more Government cash
Mark Dunphy has promised to put up $20 million of his own money to keep the next America's Cup in New Zealand, but still sees a $40m shortfall which may need government cash.Dunphy, the chairman of Greymouth Petroleum, has offered...

Big Oil and Gas kept a dirty secret for decades: Now they may pay the price
ANALYSIS: An unprecedented wave of lawsuits sees America’s petroleum giants face a reckoning for the devastation caused by fossil fuels.

South Island fuel retailer begins North Island expansion
Nelson Petroleum Distributors' new self-service station in Palmerston North is due to be completed in June, and is being joined by three other stations in the North Island.

Govt minerals strategy poses 'significant' risk to security of supply - Enerlytica
The government’s proposed minerals and petroleum strategy poses a “significant” risk to security of energy and resource supply at a time of physical shortages in the country’s gas market, independent research house Enerlytica says

Warren Buffett took CEO of petroleum giant 'to the cleaners'
Occidental Petroleum's leaders hastily put together its US$38 billion ($56.2b) deal for Anadarko Petroleum in a job-preserving bid to stave off a takeover itself, according to activist investor Carl Icahn.Occidental Chief Executive...

Large gas producer to give up part of Taranaki mining permit
Greymouth Petroleum is to give up some of its mining permit in Taranaki.

NZ Petroleum Conference hides date and location to thwart protestors
Petroleum industry won't share event details, blaming "threatening and aggressive" protesters.

Ampol gets clearance from Commerce Commission to buy Z Energy
By RNZ The Commerce Commission said the clearance is subject to Ampol selling its existing New Zealand operation, Gull Petroleum.Commission chairperson Anna Rawlings said it was satisfied that if Ampol sold Gull, its $2 billion...

The rich are vulnerable too in the escalating climate crisis
Those of us concerned about the escalating climate crisis may be surprised that the world's major oil powers very recently agreed to increase production levels.Opec (Organisation of the Petroleum Exporting Countries) talked of the...

New Zealand Oil & Gas Limited (NZX: NZO) FIRB No Objection Notice Received for Amadeus Basin Trans
New Zealand Oil & Gas and Cue Energy Resources have received a No Objection Notice from the Australian Foreign Investment Review Board in relation to the transaction to acquire Amadeus Basin Assets from Central Petroleum

New Zealand Oil & Gas Limited (NZX: NZO) PEP 52717 Relinquishment
New Zealand Oil & Gas and partner Beach Energy have applied to relinquish Petroleum Exploration Permit 52717 (Clipper), which contains the Barque prospect

Vector sells Kapuni gas plant stake to partner Todd
Vector has agreed to sell its half-share of the Kapuni gas treatment plant to partner Todd Petroleum Mining in a deal that may provide longer-term payments linked to the field's production. Todd will pay for the acquisition over the lifetime of its

No revisiting of exploration ban in govt resource strategy
The government’s draft 10-year strategy for minerals and petroleum emphasises the importance of gas for energy security and as a transition fuel to a low-emissions economy, but says the ban on exploration won’t be revisited

Greymouth seeks early contact on partial Kowhai surrender
Greymouth Petroleum says it will meet with officials soon to arrange the surrender of part of its Kowhai petroleum mining permit in Taranaki