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EnergyStream News

03 Apr 18

By Neil Ritchie

The long awaited announcement by Royal Dutch Shell that it is selling its remaining New Zealand assets -- principally its major stakes in the Maui and Pohokura offshore gas fields -- to global player and Austrian-headquartered OMV has surprised no one in the Kiwi energy industry.

13 Mar 18

By Neil Ritchie

There are some small energy activities happening or planned for Taranaki waters and beyond.

Shell Exploration NZ is currently carrying out some routine inspection work off the coast of Motunui. The Southern Star vessel is undertaking the work near the Pohokura B unmanned platform and the pipeline between the platform and the shore. 

20 Nov 17

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.