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Energy

Oil Company Failure A Potential Concern For NZ, Says MP

Oil Company Failure A Potential Concern For NZ, Says MP
Wellington, July 9 NZPA - Labour Party energy spokesman Charles Chauvel says he's investigating whether the failure of an oil company in which Genesis Energy had a stake will financially hurt taxpayers.

NZ Sharemarket Retraces Early Lift To End Lower

NZ Sharemarket Retraces Early Lift To End Lower
Wellington, July 2 NZPA - The New Zealand sharemarket drifted lower today and was deemed to be lacking direction by brokers.

NZ Sharemarket Lifts Early

NZ Sharemarket Lifts Early
Wellington, July 2 NZPA - Fletcher Building's share price recovered half of yesterday's loss in early trade, as the New Zealand sharemarket managed a respectable start to the day.

Contact Energy Appoints Returning Expat To New Role

Contact Energy Appoints Returning Expat To New Role
Wellington, July 1 NZPA - Graham Cockroft has returned to New Zealand from an international business career to take up the newly created position of chief operating officer at Contact Energy.

Govt Open To Split Climate Change Gas Reduction Targets

Govt Open To Split Climate Change Gas Reduction Targets
Wellington, June 30 NZPA - The Government is open to the idea of setting different reduction targets for different types of greenhouse gases, Climate Change Minister Nick Smith said today.

Telecom Shares Fall Early After Regulator's Mobile Announcement

Telecom Shares Fall Early After Regulator's Mobile Announcement
Wellington, June 30 NZPA - Shares in top stock Telecom fell 9c in early trading to 265 following announcements on mobile regulation by the Commerce Commission.

NZ Sharemarket Closes Flat While Other Markets Rise

NZ Sharemarket Closes Flat While Other Markets Rise
Wellington, June 26 NZPA - News of a worse-than-expected contraction of the New Zealand economy in the March quarter led to an under-performance of nation's stockmarket today.

Govt Applauds 'Smart' Meters, But Will Wait 6 Months For Report

Govt Applauds 'Smart' Meters, But Will Wait 6 Months For Report
Wellington, June 25 NZPA - Energy Minister Gerry Brownlee says he will wait six months to see whether the Electricity Commission advises regulating for fully-enabled "smart" electricity meters or to just leave the choice up to electricity companies.

End Of An Era For Maui Gas Contract

End Of An Era For Maui Gas Contract
Wellington, June 23 NZPA - A contract that was signed in 1979 to recover gas from Taranaki's offshore Maui field came to a close this week. Maui was New Zealand's first offshore gas field, and one of the world's largest when it was discovered.

NZ Shares Limit Losses As Investors Sit On Sidelines

NZ Shares Limit Losses As Investors Sit On Sidelines
Wellington, June 23 NZPA - The New Zealand sharemarket took a sizeable fall today but resisted the larger declines seen offshore as investors remained on the sidelines.