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EnergyStream News

16 Jun 17

By Neil Ritchie

09 Jun 17

New player to the New Zealand energy scene, Queensland’s WestSide Corporation, is taking the lessons learned from its Aussie operations and applying them to operating the Rimu, Kauri and Manutahi oil and gas fields in South Taranaki.

Operations Support Manager Josh Whitcombe told the 2017 New Zealand Petroleum Conference held in New Plymouth during March that the private company, “with its highly experienced team in the Brisbane head office”, was proving profitable by “leveraging its subsurface and production experiences”.

05 May 17

By Neil Ritchie

After a year of little offshore activity around the country, apart from several seismic surveys off Taranaki and the East Coast, two energy companies are now signalling some new drilling activity scheduled within the next 36 months or so.

Firstly, Shell Exploration New Zealand, operator and majority stakeholder in the offshore Taranaki Maui gas field, has applied again to the Environmental Protection Authority (EPA) for marine consent – this time to allow for “future drilling work” involving a jack-up rig. 

05 May 17

By Neil Ritchie

The composition of the New Zealand energy sector continues to change, with “gentailer” Genesis Energy acquiring Nova Energy’s retail liquefied natural gas (LPG) business for $NZ192 million, giving the country’s biggest electricity retailer almost a fifth of the LPG market.

The deal will increase Genesis's share of retail LPG from three percent to 19 percent, making it the second largest player (by customers) in the market, behind Contact Energy.

20 Apr 17

By Neil Ritchie

Shell New Zealand has started the much anticipated sale of its Kiwi petroleum exploration and production assets, with long-time partner Todd Energy taking complete control of the onshore Taranaki Kapuni natural gas field, while Shell takes over all of operating company Shell Todd Oil Services.

The deal, announced in early April, sees the Todd Corporation subsidiary relinquishing its half stake in Shell Todd Oil Services (STOS) while taking complete ownership of, and operatorship of, the Kapuni field.

31 Mar 17

By Neil Ritchie

As well as the sole political address, there were several keynote speakers and updates on recent exploration and production activities, largely centred on Taranaki, at the 2017 Petroleum Conference.

International keynote speaker, Iain Stewart, the director of the Sustainable Earth Institute at Plymouth University, England, was one of the highlights of the conference, according to several delegates

24 Mar 17

By Neil Ritchie

The New Zealand Petroleum Conference 2017 – held in New Plymouth for the first time this week – was, overall, a better and more upbeat event than last year’s conference in Auckland.

The total number of delegates from Taranaki, around the country, and overseas exceeded 450 – significantly more than the 350 or so at the 2016 conference.