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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.

Company Says Ditching Biofuel Obligations Will Kill Industry

By Maggie Tait of NZPA Wellington, Dec 12 NZPA - A local biofuel producer says his New Zealand operation will fold and the local industry will die because of the Government's decision to scrap biofuel obligations.

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Wellington, Dec 11 NZPA - A law obliging oil companies to sell a proportion of biofuel will be repealed next week, Energy Minister Gerry Brownlee said today.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.

Small Oil Exploration Company Wants To Look At Kaipara

Small Oil Exploration Company Wants To Look At Kaipara
Wellington, Dec 8 NZPA - The KEA Group wants to look for oil around the Kaipara Harbour, on Northland's west coast.

Green Gate Abandons Offshore Prospects

Wellington, Dec 8 NZPA - Nelson-based oil explorer Green Gate Ltd is abandoning some offshore parts of its prospects after a strategic review in the wake of collapsing oil prices and "disordered" equity markets.

NZ Shares In Sharp Slide Early After Wall St Plunge

NZ Shares In Sharp Slide Early After Wall St Plunge
Wellington, Nov 21 NZPA - The New Zealand sharemarket was down sharply in early trading, after equities plunged in the United States as the price of oil fell and worries about the prospects for an automakers' bailout increased.