Skip to main content

EnergyStream News

28 Sep 17

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.

08 Sep 17

By Neil Ritchie

21 Aug 17

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.

21 Aug 17

By Neil Ritchie

14 Jul 17

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.

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.