Fortescue Future Industries (FFI) and Firstgas Group have embarked on a new collaboration to explore New Zealand’s potential for new green hydrogen projects. After signing a non-binding memorandum of understanding, the two companies have agreed to explore opportunities to produce and distribute green hydrogen in New Zealand. Together, they will conduct feasibility studies to assess existing energy …
New Zealand Oil and Gas (NZOG) has entered agreed to a 1-for-2.7625 renounceable rights offer at $NZ0.42 per share, which will raise the ASX-listed company’s equity by $NZ25 million ($22,880,112). This increase in capital will allow NZOG to take part in explorations and produce assets in Australia and New Zealand by investing in growth projects. …
The New Zealand Commerce Commission (NZCC) has granted clearance for Ampol Limited to acquire Z Energy, subject to divestment of Gull. Under the terms of the divestment undertaking, Ampol is required to sell Gull within a specified timeframe, and to a purchaser approved by the NZCC. Chair of Z Energy Abby Foote said this announcement …
Fortescue Future Industries (FFI) is investigating repurposing New Zealand’s Marsden Point oil refinery for the production of green hydrogen and green hydrogen products. The Marsden Point Oil Refinery, operated by Refining NZ (RNZ), confirmed its decision to close productions in November 2021, projecting its shutdown for April 2022. The RNZ board signed off on the …
Fortescue Future Industries (FFI) has signed an agreement with Murihiku Hapu of Ngāi Tahu to explore the potential of a large scale, renewable green hydrogen production project in Southland, New Zealand. The project proposes construction of a large-scale hydrogen plant in Southland which aims to achieve first production in early 2025, with potential for multiple …
Jadestone Energy is continuing to work with OMV New Zealand on the planned acquisition of the 69 per cent operating interest in the Maari oil asset offshore New Zealand. The company said it is working with OMV to satisfy the remaining outstanding conditions to complete the acquisition, in particular the approval of New Zealand Petroleum …
MMA Offshore has been awarded a number of contracts including one with OMV New Zealand, and INPEX. INPEX has awarded MMA with a contract extension for the MMA Plover to continue providing drilling rig support services for the Ichthys field is Australia’s North West. The contract extension is for a firm period of two years, …
New Zealand Oil & Gas (NZOG) and Beach Energy have applied to relinquish petroleum permit 52717, which contains the Barque prospect offshore New Zealand. Barque is an un-drilled offshore oil and gas prospect located in the Clipper permit within the Canterbury Basin, 60km east of Oamaru, offshore New Zealand. NZOG is the operator, holding a …
New Zealand Petroleum & Minerals has released the proposed oil and gas exploration blocks for 2020, which are located onshore the Taranaki region. The proposed 2020 area covers 2630km2 and has been selected based on its prospectivity, available data, anticipated commercial interest and alignment with the 2018 amendments to the Crown Minerals Act 1991 (CMA). …
Beach Energy has upgraded its reserve estimate in the New Zealand Kupe oil and gas field by 23 per cent. As a result, the Kupe project has increased its reserve by 21.5 petajoules equivalent (PJe) to 340.5 PJe compared to the previous year’s closing 2P reserves estimate. The proved reserves (1P) estimate for the oil …
