New Zealand

OMV sells NZ interest for US$50m

Jadestone will acquire OMV’s 69 per cent interest for a price of US$50 million ($73.56 million), which will see the company join other joint venture (JV) partners Horizon Oil (26 per cent) and Cue Taranaki
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CSIRO Western Australia

NZ oil company could be insolvent

The company is the 100 per cent owner and operator of NZ’s Tui, Pateke and Amokura oil reservoirs in the Tui Area field, located in the offshore Taranaki Basin. In a statement posted on its website,
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OMV given environmental go-ahead

The New Zealand Environmental Protection Authority (EPA) granted OMV permission to undertake marine discharge activities
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Tamarind acquires NZ oil and gas assets

The transaction comprises production from the Cheal and Sidewinder oil and gas fields; new discoveries under development at Puka, Supplejack and Cardiff; the three production facilities in the Taranaki
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TAG NZ transaction extended

TAG, based in Canada, is offloading all of its assets in NZ to Tamarind, including a range of permits in the Taranaki basin
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New Zealand considers hydrogen future

The potential of positioning green hydrogen to reduce New Zealand’s carbon emissions, create more jobs and become a new export industry has been considered in a new government green paper. Titled
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