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NZOG Lifts Stake In Pan Pacific To 9 Pct

NZOG Lifts Stake In Pan Pacific To 9 Pct
Wellington, Dec 18 NZPA - New Zealand Oil & Gas has lifted its stake in Australian oil company Pan Pacific Petroleum to 9 percent.

Govt Moves Fast With Energy Bills

Govt Moves Fast With Energy Bills
Wellington, Dec 18 NZPA - The Government has put one of its energy bills through Parliament under urgency and the second is well on the way to becoming law.

Biofuel Obligations Dropped As Bill Passes Under Urgency

Biofuel Obligations Dropped As Bill Passes Under Urgency
Wellington, Dec 17 NZPA - A requirement for oil companies to mix petrol and diesel with biofuel has been dropped from law. The Energy (Fuels, Levies and References) Biofuel Obligation Repeal Bill passed during urgency in Parliament this afternoon by a vote of 62 to 59.

NZOG Buys Stake In Pan Pacific Petroleum

NZOG Buys Stake In Pan Pacific Petroleum
Wellington, Dec 17 NZPA - New Zealand Oil & Gas (NZOG) is building a stake in Australian oil company Pan Pacific Petroleum, a partner in the Tui oilfields.

Brownlee Signals Tax Break For Biofuels

Brownlee Signals Tax Break For Biofuels
Wellington, Dec 16 NZPA - The Government is working on a tax incentive regime to encourage the production of sustainable biofuels in New Zealand, Energy and Resources Minister Gerry Brownlee told Parliament today.

NZOG Coy About New Areas For Oil Exploration

NZOG Coy About New Areas For Oil Exploration
Wellington, Dec 15 NZPA - New Zealand Oil & Gas Ltd (NZOG) is welcoming the opening up of new oil exploration areas but says it has some areas worth looking at in its existing permits.

NZ Dollar Wakes Up Under US55 Cents In Pre Christmas Week

NZ Dollar Wakes Up Under US55 Cents In Pre Christmas Week
Wellington, Dec 15 NZPA - The New Zealand dollar opened the week under the US55 cent mark this morning as money markets headed into the last full week of trading before Christmas.

Lobbyist Says Biofuel Law Change Will Erode Potential Gains

Lobbyist Says Biofuel Law Change Will Erode Potential Gains
Wellington, Dec 11 NZPA - The Government's planned law change on biofuels will slow the nation's progress toward self-sufficiency in transport fuels and increase the Kyoto debt the nation faces for greenhouse gas emissions, an industry lobbyist says.

Bill Repealing Biofuel Obligation To Pass Next Week

Bill Repealing Biofuel Obligation To Pass Next Week
Wellington, Dec 11 NZPA - A law obliging oil companies to sell a proportion of biofuel will be repealed next week, Energy Minister Gerry Brownlee said today.

Government Opens Up New Offshore Areas To Oil Explorers

Government Opens Up New Offshore Areas To Oil Explorers
Wellington, Dec 10 NZPA - The Government is seeking bidders for new petroleum exploration permits across two large offshore areas, the Raukumara (East Cape) and Northland basins.

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