The Canterbury Fault near Darfield slept for about 16,000 years – no wonder its massive movement that devastated Christchurch came as a surprise to many scientists.
The Key Government has introduced legislation into Parliament that it believes will take a lot of the potential conflict out of access issues and ensures ownership for all New Zealanders.
New Zealand Oil & Gas intends to use a buyback of 8.5 million shares that will be cancelled to put some oomph into the company’s market appeal.
Investors in Pike River Coal are wanting the company to step on the cash flow pedal. After the earlier delays the company yesterday saw its second shipment to India leave the Port of Lyttelton yesterday.
If oil people, investors and government officials want a buzz on the frontier for the local petroleum sector later this month then they should attend the NZ Petroleum Conference and listen to two keynote speakers who saw how the Norwegian economy was transformed by deepwater discoveries.
GNS Science, the Lower Hutt based science organisation that is renowned for its research and knowledge on volcanology, earthquakes and geosciences was quick to put out key data on the disastrous earthquake that hit Christchurch.
By now the world has a fair idea of just how severe the Christchurch earthquake was and some scientists say New Zealand’s South Island may have to prepare for an even higher magnitude quake elsewhere.
Origin Energy the big Australian energy and petroleum company has obviously learned something about the geothermal industry in New Zealand, and it now prepares to join a big geothermal project in Indonesia.
Nothing would please a Finance Minister more than getting the country getting a pat on the back from the International Monetary Fund [Includes IMF Report].
OceanaGold’s fortunes are on the rise and rise line, hitting a new peak. Simon Hartley looks at the latest developments.
A member of the fibre network group pushing for expanded broadband connections has won an important industry gong.
As production from the Kupe gas and light oil field moves beyond ramp up, production is lifting – as shown by NZOG’s equity share in August.
This is option maturing season and for many companies, including Auzex Resources, the options would be looking like wallpaper if paper certificates were still in vogue.
The signs are still looking good for Bathurst Resources, the Australian company that is planning to develop a coal project in the Buller coalfield. Bathurst had a big lift in resources at one of its deposits.
Will the whips ready to be cracked by new securities sector organisation, the Financial Markets Authority, when it comes into being next year? That’s just one point covered in a report by the legal firm MinterEllisonRuddWatts.
The mining lobby Straterra has put its hand up to participate in Government’s Energy Strategy for which submissions closed yesterday.
Gerry Brownlee, as Energy Minister, has had a lot to say about electricity and other energy matters, and he likes the Transpower smart grid project for the upper North Island.
Boutique NZ coal producer Galilee Energy is putting some of its cash flow to work on advancing a large coal seam gas project in Queensland.
Last fiscal year Genesis Energy bit some financial bullets but this year it produced a significant profit and may well relish its Kupe petroleum development involvement for the current year. [Includes Annual Results to 30 June 2010 Report]
The figures show it’s been a fairly good year for Mighty River Power though not as good as 2008/09. A key driver for the company is its geothermal energy division.
The biennial New Zealand Petroleum Conference is nigh, and it-s likely to be the biggest yet through the increased interest generated in the oil and gas scene.
The Alexander River prospect is probably Kent Exploration’s most advanced prospect in New Zealand and this summer may see more action following the identifying of an interesting target.
The buzz in Southland is that Solid Energy is in a forward gear for its plans for producing a synthetic crude from lignite and upgraded lignite in briquettes.
The large syndicate of companies that takes in several energy providers is now put itself on the national fibre connection starting line for broadband and is asking the Government to find the starting gun.
The 2009/10 financial year was for Vector Ltd a very good year – improved profits, positives from its involvement in fibre and other communications and, unlike some other power providers, it had a growth in customers.
Preparations are being made for Pike River Coal’s annual meeting of shareholders, to again be held on the mine site.
The time is nigh for mineral and oil and gas explorers to put up proposals to Government for streamlining the permitting process by Crown Minerals. Energy & Resources Minister Gerry Brownlee has opened the invitation door.
Another year of contrasting halves – the first half of 2009/10 was a period of low coal prices and industrial dislocations for Solid Energy, the second half saw higher export coal prices and generally better times.
Earlier this month the financial picture painted by Meridian Energy was rosey but there could be an impairment coming up over a dispute on energy supply with Rio Tinto, owner of the Tiwai Point aluminium smelter.
The Australian coal and coal seam gas company Comet Ridge is preparing a new round of work on its properties in New Zealand, where it is moving to full ownership of its West Coast projects.
Two earthquakes, a double whammy, not one, caused the tsunami devastation in Samoa and Tonga – revealed by scientists from GNS Science.
Like several other power utilities Meridian Energy had a better financial year – helped by doubling of its wind power facilities.
A good idea of the blueprinted developments in New Zealand has been disclosed by Environment Minister Nick Smith – the EPA is expected permitting for up to $6 billion worth of projects.
Exports are going to be a key for NZ’s economic future and the ports of Lyttelton and Tauranga have been favoured by the Shippers’ Council as focal points for expansion.
The mutually agreed to regulations to streamline commercial events between Australia and New Zealand have now passed into law.
Transpower won’t be paying a dividend to the Government this year despite a healthy profit – understandably so with three project commitments expecting to cost almost $2 billion.
The New Zealand Refining Company had a less auspicious financial year in 2009/10 but with major shareholder changes has been given a clean bill of fiduciary health by its independent directors. [Includes presentation]
The gold prospect thankfully given the shortened name of WKP is showing more promise for the partnership of Newmont and Glass Earth Gold, with the third hole in the western target producing a mammoth gold-silver intersection. Let’s hope Newmont like Glass Earth now thinks it’s an exciting target.
For some companies in the wind turbine technology and windfarm business in New Zealand the going has been tough. Christchurch-based Windflow Technology has opened its horizons by appointing an agent in the United Kingdom for what it sees as a strong market for its turbines.