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NZ Sharemarket Lifts Early

NZ Sharemarket Lifts Early
Wellington, May 13 NZPA - An early gain by Fletcher Building helped the New Zealand sharemarket to a modest lift in the first few minutes after the start of trading.

Budget To Include $20 Million For Oil Seismic Survey

Budget To Include $20 Million For Oil Seismic Survey
Wellington, May 8 NZPA - The upcoming budget will include $20 million over three years to fund a seismic survey programme to encourage oil and gas exploration, Energy Minister Gerry Brownlee said today. The renewed survey programme will be run by Crown Minerals.

Pan Pacific Dividend Benefits NZOG

Pan Pacific Dividend Benefits NZOG
Wellington, April 27 NZPA - The outstanding performance of the Tui oilfield in New Zealand has allowed Australian company Pan Pacific Petroleum NL to pay a $A18 ($NZ23.01) million special dividend to shareholders.

New Offshore Taranaki Exploration Permit For NZOG And Partners

New Offshore Taranaki Exploration Permit For NZOG And Partners
Wellington, March 20 NZPA - New Zealand Oil & Gas (NZOG) and its joint venture partners from the successful Tui oil fields development have been awarded a new exploration permit in the offshore Taranaki Basin.

First Oil At Maari

First Oil At Maari
Wellington, Feb 25 NZPA - Maari oil field has started producing oil. The Maari field, 80km off Taranaki, is expected to yield 50 million barrels of oil over its 10 to 15 year life.

NZOG Half-Year Net Profit Up 30 Percent

NZOG Half-Year Net Profit Up 30 Percent
Wellington, Feb 25 NZPA - New Zealand Oil & Gas reported a 30 percent rise in half-year net profit to $54 million, but expected revenue to fall in the second half.

NZ Sharemarket Rebounds Off Yesterday's 5-Year Lows

NZ Sharemarket Rebounds Off Yesterday's 5-Year Lows
Wellington, Feb 25 NZPA - The New Zealand sharemarket rebounded off five-year lows in early trading, as stocks in the United States rose more than 3 percent to snap back from 12-year lows.

Short-Term Analysis Best For Predicting Shares -- Researchers

Short-Term Analysis Best For Predicting Shares -- Researchers
Auckland, Feb 18 NZPA - Watching data on a short-term basis is a better path to success in the stock market than longer-term analysis, according to award-winning New Zealand university research.

Shell NZ Puts All Downstream NZ Businesses Under Review

Shell NZ Puts All Downstream NZ Businesses Under Review
Wellington, Feb 12 NZPA - Oil giant Shell is reviewing the ownership of all of its downstream businesses in New Zealand.

NZOG Still In The Black Stuff

NZOG Still In The Black Stuff
(correcting H4941: correcting 10th and 11th pars, clarifying Kupe field and when Pike was opened) Wellington, Jan 30 NZPA - New Zealand Oil & Gas (NZOG) is still in the black despite low oil prices and an economic downturn, according to its December quarter activities report.

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