US Gulf: Viridien commences Walker Ridge Reimaging Extension in US Gulf
Viridien has recently launched its Walker Ridge Reimaging Extension in the US Gulf. With the support of industry…
First offshore petroleum permit granted after ban repeal
Under the permit, EnZed Energy would undertake a staged exploration programme, beginning with a study of existing seismic…
NZ sharemarket hits record high as AI stocks surge, SkyCity jumps – Market close
“There is good, cheap generation and lower long-term wholesale electricity prices. It will take a while for lower…
Taranaki Offshore Partnership stays in race with $5b offshore wind plan
Over the past five years, Top has invested $15 million into establishing the feasibility of developing a 1GW…
Geoteric and SINTEF develop joint AI agent platform for better subsurface decisions
A new platform based on open standards will make it possible to connect seismic interpretation directly with reservoir…
Crown agency pushes for $30 billion investment in new data centres
The $25b-$40b data centre investment would generate $70b of broader economic activity over the decade, capturing construction, data…
NZ shares lower after mixed signals from offshore markets – Market close
Across the Ditch, the S&P/ASX 200 was down 0.42% at 8876.60. In the news Fletcher Building sagged 0.62%…
Treasury reveals offshore action to hit New Zealand’s climate target could cost $5 billion – Christopher Luxon says he won’t send money overseas
At the Fieldays event at Mystery Creek on Wednesday, the Government announced policies to fund the acceleration of…
NZ sharemarket jumps over 1.2% – Market close
“It was a more stable night in the US, and the Nikkei and Kospi indices had better days…
NZ sharemarket up 0.4%, Sanford dominates trading – Market close
Easily triggered large-scale profit-taking Mark Lister, investment director at Craigs Investment Partners, said it was always going to…
Peta animal abuse footage: How it shook the wool industry and how it responded
The group claimed the poor treatment was happening on numerous farms, including some certified under the New Zealand…
NZX market edges lower as inflation fears grow and banks slide – Market close
In New Zealand, the Reserve Bank Survey of Expectations showed one-year-ahead Consumers Price Index inflation would increase from…