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6 May 2024

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CEN performance demonstrates underlying business health
Contact Energy has reported net profit of $153m in 1H24 and operating earnings (EBITDAF) of $354m. Reported figures include a net provision release relating to the Ahuroa Gas Storage facility (AGS) onerous contract of $29m within EBITDAF ($19m within net

NEW ZEALAND OIL & GAS ANNUAL RESULT FOR YEAR TO 30 JUNE
New Zealand Oil & Gas is delivering on its growth strategy, with revenue of NZ$98.8 million for the year ended 30 June 2023, up 18% compared to the year before of NZ$83.8 million

SML - Sustainability Report Released
Synlait Milk Limited (Synlait) has published its 2022 Sustainability Report, which demonstrates a continued improvement in the milk nutrition company’s greenhouse gas (GHG) emissions, with significant progress made on-farm through the efforts of its

Third time unlucky? Air New Zealand warns again of pit stop on New York flight
Air New Zealand says today's flight from New York to Auckland may have to touch down in Nadi to refuel - the third time it has warned of disruption due to weather.Two previous warnings of a "gas and go" stop in Fiji have come to...

VCT - Operational performance for the 3 months ended 30 Sept 2022
The three months ended 30 September 2022 have seen Auckland’s growth continue, with network connection numbers growing across Vector’s electricity and gas networks

CEN - August 2022 Operating Report
The Customer business recorded: Mass market electricity and gas sales of 458GWh (August 2021: 436GWh) Mass market netback of $109.58/MWh (August 2021: $102.09/ MWh)

Vector profit falls on $40m impairment, higher gas prices
Vector reported flat full-year operating earnings for the 12 months to June 30, and net profit that fell from $194.6 million to $160.9m as it took a $40.2m non-cash impairment on its LPG business.There was no update on the strategic...

US inflation at 40-year high: Americans blame corporate greed for surging prices
Furious about surging prices at the gas station and the supermarket, many American consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.Responding to that...

VCT - Operational performance for the 3 months ended 30 Sept 2023
The three months ended 30 September 2023 has seen Auckland’s growth continue, with network connection numbers growing across Vector’s electricity and gas networks. In the year to 30 September 2023, total electricity connection numbers grew by

Huntly Unit 5 Outage Extended
Further investigation into Genesis’ Huntly Unit 5 combined cycle gas plant outage has indicated that return to service is now expected in late May 2024, as circuit breaker components are manufactured internationally

Ahuroa Gas Storage facility update
In late 2021, Contact was notified of an unexplained increase in pressure recorded in the Ahuroa Gas Storage facility (AGS) by the owner and operator, Flexgas. Contact agreed to a temporary operating regime from February 2022

Headwinds on Air NZ's New York-Auckland flight mean 'gas and go' touchdown in Nadi
Air New Zealand's flight from New York to Auckland will have to touch down in Nadi for a fuel stop because of strong headwinds in the latest setback for the operation.The NZ1 flight, launched as a non-stop operation last month,...

NEW ZEALAND OIL & GAS SIGNS NEW EAST COAST GAS SUPPLY AGREE
• New Zealand Oil & Gas signs a new Gas Supply Agreement with Shell Energy Australia for supply of gas from the Mereenie field

Russia-Ukraine war: Economics of war - pain for Europe now, later for Russia
Across Europe, signs of distress are multiplying as Russia's war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas...

US inflation reached a new 40-year high in June of 9.1 per cent
Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher...