FFI jumps on board NZ hydrogen opportunity

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 …
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Jadestone, OMV edge closer to New Zealand acquisition

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 …
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MMA locks in contracts with INPEX, OMV NZ

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, …
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NZOG, Beach call it quits on NZ offshore project

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 …
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New Zealand releases 2020 block options

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). …
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Beach enhances New Zealand reserves

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 …
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Ventia to rebrand Broadspectrum following acquisition

Ventia has acquired infrastructure specialist Broadspectrum from Ferrovial, strengthening its capabilities to deliver production drilling, well drilling and well servicing, smart shutdowns, and construction services in the oil and gas industry. Broadspectrum, along with its telecommunications business Visionstream, will be rebranded Ventia in the coming months. The company stated that its acquisition of Broadspectrum brought …
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Hiringa, Mitsui set to boost hydrogen projects

Hiringa Energy and Mitsui have formed a strategic alliance to jointly pursue hydrogen-related commercial projects in New Zealand. Through the agreement, Mitsui secures access to participate in multiple hydrogen projects developed by Hiringa, including a joint venture project with Ballance Agri-nutrient and Hiringa’s refuelling network. In addition, both companies are working towards a common goal …
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McConnell Dowell wins NZ pipeline contract

McConnell Dowell has been awarded a contract for the Lyttelton to Woolston pipeline improvement project in New Zealand. The pipeline is owned by ExxonMobil’s New Zealand subsidiary Mobil Oil New Zealand, which operates the 6.4km pipeline. The scope of the contract includes the construction and commissioning of a replacement section of the pipeline, which currently …
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Monadelphous takes action as maintenance activity stalls

Monadelphous has introduced a number of measures to ensure the business is protected during COVID-19, which has caused a reduction in activity for its maintenance division. As a result, the company’s chairman, managing director and non-executive directors have all agreed to a 30 per cent reduction in salary and fees, as well as the executive …
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