New Zealand Oil & Gas relinquished its last remaining exploration acreage in New Zealand during 2021 It retains a 4% participating interest in the Kupe gas and light oil field south of Taranaki, and through Cue Energy Resources in its 5% share of the Maari oil field off Taranaki.
New Zealand's oil and gas industry is built on the back of early exploration and development dating back to the 1950s. The modern industry in New Zealand has a well-developed oil and gas infrastructure and a proactive globally-competitive oil and gas regime.
Echelon is a nimble Australasian-focussed energy exploration and production company, headquartered in Wellington, NZ, formerly New Zealand Oil and Gas (NZOG).
First, even if oil or gas had been found in an exploration block since 2018, it would still be years away from production. Five offshore oil and gas fields have been developed in New Zealand, with an average time of over 16 years from the exploration permit being issued to first production. The shortest was a decade.
While New Zealand diplomats at the COP29 climate summit are pushing for a global phase-out of fossil fuels, legislators at home plan to repeal the 2018 ban on new …
Oil and gas are an essential part of New Zealand's energy mix. They have a wide range of uses and play an important role in fuelling our economy. Oil and gas are used to transport goods, …
Recent news that the New Zealand government has granted an offshore oil and gas exploration permit it had earlier declined demonstrates how fragile the current ban on such activity still is.. The ...
New Zealand will not grant any new permits for offshore oil and gas exploration, Prime Minister Jacinda Ahern said on Thursday, taking the industry by surprise with a decision that it says will ...
The data includes oil and gas production profiles, remaining reserves and contingent resources. Petroleum reserves data – MBIE website. The Energy in New Zealand 2021 publication, due to be published in August, will include the full range of statistics for the 2020 year.
Our experience across the oil and gas value chain and our collaboration with leading technology firms provide a unique combination of resources. Tap into our insights to create efficiencies now while transforming for long-term growth in a new energy world.
New Zealand Oil & Gas | 3,851 followers on LinkedIn. New Zealand Oil & Gas is an NZX and ASX listed petroleum exploration and production company based in Wellington, New Zealand with a full portfolio of exploration and production interests across New Zealand, Australia & Indonesia. The company holds numerous exploration assets and is presently gearing up to participate in the …
Formally known as New Zealand Oil & Gas Limited, the Company listed on the New Zealand Stock Exchange in 1981 and on the ASX in the late 1980's. Our Strategy. Echelon grows its asset portfolio by acquiring non-operated interests in high quality production assets with development potential, in markets that we like. ...
New Zealand's government said on Sunday it would introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector.
New Zealand should be moving away from oil drilling and instead invest in the energy transition, including decarbonisation of industrial heat, subsidising low-emitting vehicles and charging high ...
Resources Limited (ASX:ECH), ('Echelon' or 'the Company'; previously named New Zealand Oil & Gas ASX:NZO), effective from 31 July (tomorrow). We will be hosting a live webinar on July 31st at 1:30pm (NZST) with Chief Executive Andrew Jefferies on the name change. Echelon talks to our status as a quality energy Group with robust ESG
Oil reserve statistics. Oil, gas and LPG reserves statistics are available in the data tables on the Energy in New Zealand page. ... New Zealand's oil consumption statistics are collected primarily via the Delivery of Petroleum Fuel by Industry (DPFI) survey. This is a survey of fuel deliveries to economic sectors (including independent ...
Some rounding. The New Zealand Oil & Gas interest in Maari and Sampang is held through Cue Energy. New Zealand Oil & Gas has a 50.04% interest in Cue. Graphic shows Cue's full interest. Actual and Forecast 2P Production millions of barrels of oil equivalent Production New Zealand Oil & Gas share (net) 0.6 0.5 0.4 0.3 0.2 0.1 0.0
New Zealand Oil & Gas is delighted to advise that the Amadeus Basin acquisition completed today.The New Zealand Oil & Gas Group announced on 25 May 2021 that it had agreed to acquire interests in three gas producing projects held by ASX-listed Central Petroleum located in the Amadeus Basin of Australia's Northern Territory.
New Zealand has long produced oil and gas from various oilfields around the country, in particular, in the Taranaki region. There are 37 active petroleum permits currently operating in New Zealand. [1] More recently, New Zealand's stance and legislation on offshore oil and gas exploration has experienced politically-driven turns. In 2008, New ...
Oil, gas and LPG (liquid petroleum gas) reserves statistics are available in the Energy in New Zealand tables. Energy in New Zealand. Creative Commons Licence. This work is licensed under a Creative Commons Attribution 3.0 New Zealand Licence. Attribution 3.0 New Zealand Licence (external link) - Creative Commons
The modern industry in New Zealand has a well-developed oil and gas infrastructure and a proactive globally-competitive oil and gas regime. Historically, New Zealand's Māori …
Andrew Jefferies, a director at New Zealand Oil & Gas Limited, has increased his holdings by acquiring 714,781 options to acquire ordinary shares, bringing his total options to 3,044,883.
New Zealand Oil & Gas is based in Wellington New Zealand and listed on the NZX and ASX. We have production interests offshore Taranaki, New Zealand, onshore in Australia's North …
The Ministry of Business Innovation and Employment (MBIE) produces the Energy in New Zealand Report, annual publication providing information on and analysis of New Zealand's energy sector - including petroleum activities. ... Energy in New Zealand — mbie.govt.nz. Annual production figures are also available for oil and gas on the MBIE ...
New Zealand Oil & Gas (NZO) listed on the NZX in 1981. Today the group has production and exploration interests in New Zealand, Indonesia, Australia and the US. The company has interests in three offshore New Zealand producing fields in the prolific Taranaki basin - Kupe (15%), Tui (27.5%) and Maari (5% - through its control of ASX-listed Cue ...
In the 1950s the modern age of oil exploration emerged in New Zealand. With the advent of seismic data, the onshore Kapuni gas-condensate field was discovered in Taranaki in 1959 and the large Maui gas-condensate field was discovered offshore in 1969. The Maui field made New Zealand self-sufficient in gas.
Andrew joined New Zealand Oil & Gas, now Echelon, in 2013. He started his career with Shell in Australia after graduating with a BE Hons (Mechanical) from the University of Sydney in 1991, an MBA in technology management from Deakin University in Australia, and an MSc in petroleum engineering from Heriot - Watt University in Scotland. Andrew ...
Echelon Resources Limited is an energy exploration and production company. The Companyâ s portfolio includes a spread of wholly and partly owned onshore and offshore oil and gas assets, in Australia, New Zealand and Indonesia.
General Manager Assets & Engineering · I am currently working for New Zealand Oil & Gas Ltd. based in Wellington where I oversee all operated and non-operated assets within the Australia and New Zealand regions. Concurrently I function as the Petroleum Engineering Technical Authority across the business, from other jurisdictions to new venture opportunities. …
New Zealand's oil and gas industry contributes NZ$2.5 billion (US$1.8 billion) to its GDP, according to PEPANZ, an organisation which represents the country's petroleum industry.
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