The months of July and August provided a bumper performance for Refining New Zealand’s Marsden Point oil refinery.
The oil and gas sector body PEPANZ has asked that the select committee meeting into future offshore exploration be held in Taranaki so the locals can have their say.
Horizon Oil told the Good Oil Conference in Australia that its positive FY18 year had been aided by the acquisition of a greater interest in the Maari-Manaia oil fields in the offshore Taranaki.
The inflationary effect of increasing fuel prices has also hit the use of plastic in New Zealand.
Once again Greenpeace has fired off some wishful allegations and this time has been shot down by the petroleum industry.
Facts and a sense of balanced debate are not part of the creed of Greenpeace today. In New Zealand claims linking oil companies to the action of a French bombing group 33 years ago shows how low the organisation has now sunk.
A few months ago Australia’s gas and LNG production was moving ahead but some parts of the industry are now being enmeshed in political uncertainty.
The just-released, hefty Productivity Commission report has seen the oil and gas sector body support most of its comments but making a point on others.
One of the big players in the New Zealand oil production scene has made it clear to a hearing in New Plymouth that it requires a clear path to continue.
The National Energy spokesman has claimed the Government was now in a corner over its ill-thought through ban on new offshore oil permits and he wants to know if current stalling will prevent allocation of new onshore permits.