Singapore-based Jadestone Energy has struck a deal to buy 69% of the Maari project offshore New Zealand from Austrian firm OMV for $50 million.
Oilfield services company Petrofac today announced a new well project management contract from New Zealand firm Tamarind Taranki.
New Zealand will stop granting offshore oil and gas exploration permits, saying it is committed to playing its part in tackling climate change.
Shell has struck a deal to sell its portfolio in New Zealand to Austrian energy firm OMV for £415million.
Jacinda Ardern has been sworn in as New Zealand’s prime minister - and says she will lead a government that is active, focused, empathetic and strong.
Royal Dutch Shell’s sale of its remaining New Zealand energy assets has drawn interest from companies including OMV AG and Vermilion Energy Inc., people with knowledge of the matter said.
Shell has agreed the sale of its 50% stake in New Zealand’s second largest gas field.
A cute stowaway kitten ended up stranded on an oil rig off the coast of New Zealand after stealing a ride aboard a supply ship.
Cue Energy said has ceased oil production and is de-manning the Maari wellhead platform as it deals with a crack found in one of the platform’s horizontal struts.
Statoil said it is pulling out of efforts to look for oil and gas in the Regina Basin, offshore New Zealand.
Environmental group Greenpeace has claimed New Zealand’s oil exploration is “dying”.
Shell’s New Zealand boss has reportedly said business was proceeding “as usual” amid reports the company was planning to divest its entire $1billion-plus portfolio in the country.
Mosman Oil and Gas said it is looking beyond the oil and gas sector for new investment opportunities as the oil price slump continues.
Mosman Oil and Gas expects to hold an annual general meeting on the cancellation of nine million shares which had been issued for acquisition.
Mosman loss was wider in the first half of the current financial year thanks to one-off costs related to impairments and the termination of a deal to acquire a producing project in New Zealand.
The New Zealand government has put more than 500,000 square kilometres of onshore and offshore acreage up for offer.
Mosman Oil and Gas said staff has been made redundant following the cancellation of a sale and purchase agreement with Origin Energy Limited.
Statoil said it has agreed with OMV to acquire a 30% working interest in a Petroleum Exploration Permit in New Zealand.
Mosman Oil and Gas has pulled out of a planned acquisition for the South Taranaki Energy Project (STEP) in New Zealand.
BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa.
Mosman Oil and Gas has confirmed it has cancelled its involvement in an Australian oil and gas project after failing to secure a land access permit to proceed.
Mosman Oil and Gas has issued a review notice to Origin Energy over the acquisition of the South Taranaki licence in New Zealand after the Brent oil price benchmark dropped below $40 per barrel.
OMV has awarded DOF Subsea a contract to complete a mooring upgrade on its FPSO (Floating, Storage, Offloading and Production) vessel in the Maari oilfield. The upgrade work at the Maari system, off New Zealand is expected to cost around $60million in total. It is expected to be carried out between February and April next year and will help future proof the mooring system for the next decade.
Oil major Shell is shifting to portfolio rationalisation as the move to a merger with BG Group nears one step closer, according to a leading analyst. Tom Ellacott, from Wood Mackenzie’s Corporate Analysis team, said a combined portfolio between the two companies will now be defined by its geographical reach.
Shell is carrying out a strategic review of its assets in New Zealand as it looks to streamline costs amid the continue decline in oil price. The oil major will carry out the assessment to see how their interests in the region align with the company’s current plans.