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NZ O&G November 2017 Wrap

By Neil Ritchie

The New Zealand energy industry is continuing consolidating but with the price of oil now about $US60 per barrel further oil and gas exploration is likely in the next few years, as well as planning for the decommissioning of several existing offshore Taranaki fields.

The Todd Corporation is selling its 16 percent stake in the offshore Taranaki Maari-Manaia oil field to fellow partner and ASX-listed Horizon Oil for US$17.6 million as the country's wealthiest family continues reshaping its energy portfolio.

Energy sector companies commended in recent awards

By Neil Ritchie

Two “home grown” Taranaki companies that initially concentrated on the region’s energy industry were both highly commended in the recent TSB-Taranaki Chamber of Commerce 2017 Business Excellence Awards.

Oakura-based Spill Control NZ was highly commended in Category A of the Small Business Excellence Award section of the competition, while New Plymouth’s SafetySolutions was highly commended in Category B of the Service Excellence Award section.

Chemeca 2018

Date: 

30th September, 2018 - 03rd October, 2018

Where: 

Queenstown, NZ

Cost: 

see conference web site

Contact details: 

See conference web site

Website: 

CHEMECA 2018

30 September – 3 October 2018, Queenstown, New Zealand
The 47th Chemeca will be held in Queenstown during September 2018.  In the backdrop of The Remarkables mountain range, chemical engineers from Australia and New Zealand will gather to share their insights and innovations relevant to chemical engineers across the wide range of industries we work in. The theme for 2018 is Chemical Engineering in Australasia. Whether you would like to contribute to the conference programme, be a major sponsor for the event or attend to network with like-minded professionals, we look forward to welcoming you to idyllic Queenstown for Chemeca 2018. Register your interest.

Key Company Update

By Neil Ritchie

October 2017 NZ O&G Wrap

By Neil Ritchie

Sept 2017 O&G Wrap

By Neil Ritchie

Overseas interest in acquiring control of some of New Zealand’s major and mid-sized oil and gas companies continues.

Canadian listed Jadestone Energy is now thought to be another bidder for Royal Dutch Shell’s remaining New Zealand oil and gas assets, joining large listed multinational corporations such as fellow Canadian Vermilion Energy and Austrian giant OMV, Aussie listed Woodside Energy and even private company Greymouth Petroleum, in conjunction with global investment company KKR.

Safety Solutions - changing times

By Neil Ritchie

August 2017 O&G Wrap

By Neil Ritchie

Consolidations – planned and possible – look to continue in the New Zealand energy industry as participants contemplate what the future may look like for the new and remaining participants.

Top of the hoped-for list is confirmation by Royal Dutch Shell regarding Shell New Zealand’s likely exit from this country as part of its parent’s review of its global operations.

TCC refurbishment greenlit

By Neil Ritchie

NZ O&G July 2017 Wrap

By Neil Ritchie

Energy analysts and industry insiders are waiting for the imminent announcement by Royal Dutch Shell on the sale of its remaining New Zealand assets that could command a total sale price of $NZ1 billion or more.

Companies rumoured to be interested in some Shell New Zealand assets range from large listed multinational corporations such as Austrian giant OMV and Canada’s Vermilion Energy to smaller private New Zealand firms like Greymouth Petroleum.