Wellington, July 19 NZPA - Hopes of finding more hydrocarbons near the Tui oil fields offshore from Taranaki have been dashed for a second time.

Wellington, July 8 NZPA - Pan Pacific Petroleum said blowout preventers are being installed to the Kahu-1 exploration well off the Taranaki coast today.

Wellington, June 14 NZPA - The New Zealand sharemarket closed little changed but corporate activity gave investors something to think about in two stocks, and the latest oil exploration well off Taranaki proved a disappointment.

Wellington, June 16 NZPA - Oil companies' shares listed in the New Zealand market took a blow after it was announced promising oil shows encountered at the Tui SW-2 offshore exploration well found no commercially significant oil accumulation.

Wellington, June 11 NZPA - The New Zealand sharemarket opened marginally lower, while oil companies took a slight blow with news an exploration well has not found "a commercially significant oil accumulation".

Wellington, June 10 NZPA - Oil shows have been encountered at the Tui SW-2 offshore exploration well being drilled adjacent to the producing Tui field.

Wellington, June 9 NZPA - Abano Healthcare Group will be added to the NZX 50 Index, while the position of Allied Farmers is still being considered, NZX said following its June quarterly index review.

Wellington, May 7 NZPA - Telecom fell to a new record low of 207 today before recovering to 213 after reporting a drop in earnings on a day equity markets around the globe were in turmoil.

Wellington, April 15 NZPA - The New Zealand sharemarket pushed ahead to its highest level in 19 months in early trading before turning lower after Telecom cut its earnings guidance for the 2011 to 2013 financial years.

Wellington, March 18 NZPA - The New Zealand sharemarket rose today even though the share price of market heavyweight Telecom languished near an all-time low set yesterday.