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Norwegian oil firm Statoil is stopping its efforts to find oil and gas in the Reinga Basin, offshore New Zealand. The company was awarded two exploration permits (PEP55781 and PEP57057) for the Reinga Basin in 2013 and 2014. The permits are located around 85 kilometers off the West Coast of Northland. Statoil New Zealand Country […]
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Waitara is more secure following the Taranaki Regional Council’s $3.4 million investment to increase the town’s flood protection. The three-year upgrade, finished on time and within budget, is designed to withstand the high and fast-moving flows of a one-in-100-year Waitara River flood, up from the old safeguard that only provided a one-in-30-year protection, according to […]
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Business & Finance, Operations & Maintenance, Research & Development
A report by the Cawthron Institute shows there are likely to be a good number of important habitats in and around the area where Trans Tasman Resources re-applied for a marine licence to mine the seabed. “That a new report shows plenty of marine life in the South Taranaki Bight in the area a seabed mining […]
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Japanese shipping company Mitsui O.S.K. Lines (MOL) has introduced ClassNK Consulting Service’s condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX on its newbuild M/V Taranaki Sun, marking the system’s first commercial use. The company selected the system for the 50,000 dwt tanker in order to reduce maintenance costs through the early detection of abnormalities and determine optimum […]
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New Zealand’s Energy and Resources Minister Simon Bridges has launched the 2016 Block Offer petroleum tender. Block Offer 2016 announced Monday includes four offshore release areas, in the Reinga-Northland Basin, Taranaki Basin, Pegasus and East Coast Basins, and Great South-Canterbury Basin. There is one onshore release area in Taranaki. The total acreage included in the tender […]
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Business & Finance, Operations & Maintenance
Global shipping & logistics services provider, GAC, has organised move of the world’s biggest underwater restaurant from New Zealand to Maldives resort. The 22.5 meters long acrylic and steel structure is on its way to the Maldives, thanks to GAC’s project logistics expertise. It took 12 months of detailed planning based on GAC’s CAD-assisted lifting and […]
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BW Offshore, a provider of floating production services to the oil and gas industry, has been awarded a one year contract extension for one of its vessels that operates offshore New Zealand. AWE Limited, an Australian oil and gas exploration and production company, extended the contract for the floating, production, storage and offloading (FPSO) vessel Umuroa from the fourth quarter […]
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New Zealand’s Genesis Energy has upgraded its developed reserves in the Kupe gas and oil field, situated off the south Taranaki coast, New Zealand. Genesis Energy has reviewed data provided by Origin Energy, the field operator, and as a result, it has determined that the Proved plus Probable developed reserves of the field have increased […]
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The Marginal Field Initiative by ABT Oil and Gas (ABTOG), the joint venture between Enegi Oil Plc and ABTechnology, has signed a collaboration agreement with global engineering and design consultancy Arup, who became the latest member of the Marginal Field Delivery Consortium. ABTOG has established the Consortium to assist in the delivery of its Marginal Field Initiative. […]
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Exploration & Production, Project & Tenders
Cue Energy Resources has informed that a multi well workover campaign to further increase production from Maari field, offshore New Zealand, is scheduled to start in August 2015. The Maari growth drilling campaign was completed with the last of four new wells, MR10, put in production in early July, 2015. Over the 15-month long project, […]
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Exploration & Production, Project & Tenders
Austrian OMV recently informed that its Maari offshore field redevelopment project in New Zealand has been completed. Horizon Oil, a partner in the project, has now reported that the final well, MR10, is on production. OMV previously reported that the well MR10 was being tied-in to the production network. According to Horizon Oil, as of July 6, the MR10 well was […]
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Exploration & Production, Project & Tenders
Austrian OMV has completed its Maari offshore field redevelopment project in New Zealand, and accepted praise from the island nations’ energy minister. The company has announced that its Maari Growth drilling campaign is now completed and Maari’s field production capacity is expected to double with the last well (MR-10) currently being tied-in to the production […]
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New Zealand Oil & Gas (NZOG) has reported 604,736 barrels of oil from the Tui field offshore Taranaki, New Zealand, were lifted and shipped last week. As said in a statement, 166,302 barrels of the shipment belong to NZOG, which owns a 27.5% stake in the Tui area oil fields. The other Tui joint venture partners are AWE Limited […]
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Cue Energy announced that production from the Maari MR7A development well has been brought on stream, with a provisional initial production rate between 1,500-2,000 barrels of oil per day (bopd). The optimal production rate will be determined after several weeks of production history, taking into account reservoir management considerations. The Maari field aggregate daily production […]
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Exploration & Production, Project & Tenders
Cue Energy has announced that production from the Maari MR7A development well, offshore New Zealand, has been brought on stream, with a provisional initial production rate between 1,500-2,000 barrels of oil per day (bopd). According to the press release, the optimal production rate will be determined after several weeks of production history, taking into account reservoir management […]
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Business & Finance, Equipment, Operations & Maintenance
AWE, as operator of PMP 38158, has informed that the subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system has been successfully completed and that oil production has begun. The Pateke-4H well has been brought onto production and flow testing is under way to determine the optimal well settings. […]
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AWE Limited has said that it has completed the subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system in New Zealand. Oil production has begun. The Pateke-4H well has been brought onto production and flow testing is under way to determine the optimal well settings. The well recorded an […]
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New Zealand’s Energy and Resources Minister Simon Bridges has launched Block Offer 2015, the annual tender for oil and gas exploration permits. “In 2012 the Government introduced the Block Offer regime which provides an efficient and transparent process for oil and gas permitting, and each year has attracted investment from experienced and capable operators. “Block […]
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Exploration & Production, Project & Tenders
Horizon Oil has announced that production from the Maari MR6A development well, offshore New Zealand, has been brought on stream, with an initial production rate of approximately 7,800 barrels of oil per day (bopd). Participants in the PMP 38160 Joint Venture are: Horizon Oil International Ltd (10%); Cue Taranaki Pty Ltd (5%); Todd Maari Ltd (16%); OMV New Zealand […]
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Kea Petroleum plc, the oil and gas company focused on New Zealand, has announced the relinquishment of its Mercury permit, PEP 52333, offshore Taranaki, New Zealand. Mercury permit This permit was awarded to Kea on October 13, 2010. The permit covers an area of 232.5 km², mainly offshore in the north Taranaki area. As part […]
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Business & Finance, Operations & Maintenance
AWE Limited as Operator of PMP 38158 has advised that the Pateke-4H subsea tie-back and installation project kicked off on Thursday March 5, with the arrival of the DOF Subsea Diving Support Vessel, the Skandi Singapore, at the Tui area. Tui area oil fields are located approximately 50 kilometres off the coast of Taranaki, New Zealand. […]
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AWE Limited, as Operator of PMP 38158 off new Zealand, has informed that the Pateke-4H subsea tie-back and installation project started on March 5, 2015. The project started with the arrival of the DOF Subsea Diving Support Vessel, the “Skandi Singapore”, at the Tui area oil fields located approximately 50 kilometres off the coast of Taranaki, New Zealand. […]
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Cue Energy, an independent oil and gas company based in Australia has recommended its shareholders to reject a takeover offer by New Zealand Oil & Gas, made earlier this month. On February 12 2015, New Zealand Oil & Gas Limited (NZ Oil & Gas) announced an unsolicited, on-market takeover offer by its wholly-owned subsidiary, NZOG […]
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OMV New Zealand reportedly spilled crude oil in the ocean offshore Taranaki, New Zealand, on Friday, February 20, 2015. According to NZ media, the spill occurred during a routine transfer of oil from the Raroa FPSO to the Nectar oil tanker. Stuff.co.nz has quoted Peter Zeilinger, managing director of OMV New Zealand Ltd as saying: “The transfer hose developed […]
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Three Oil Free Wellington activists locked on together at the entrance of the New Zealand Petroleum and Minerals headquarters in Wellington to protest the 15 new oil and gas permits which have been announced by the Government today. The activists were subsequently arrested. Fifteen new permits have been granted both on and offshore with a total acreage […]
