Beach plans Canterbury basin drilling this summer

Gavin Evans
Fri, 22 May 2020

Gavin Evans
Fri, 22 May 2020
Beach Energy has sought a discharge consent from the Environmental Protection Authority for a drilling programme off the North Otago coast this summer.The firm, which operates the Kupe gas field off the Taranaki coast, plans to drill one well in the Wherry prospect, about 168 kilometres south-east of Timaru.Depending on the success of that well, the venture could drill a further 11 wells in the permit, most at Wherry in the northern part of the acreage, but potentially two in the Gondola prospect in the south-western part of the permit, which i...
Finance
Regulator sues ANZ over credit card insurance
Dan Brunskill | Fri, 05 Jun 2020

The Financial Markets Authority has filed High Court proceedings against ANZ Bank New Zealand, alleging it charged some customers for credit card repayment insurance policies that offered those custom...

Markets
MARKET OPEN: Profit taking may be the flavour of the day, US jobs data in focus
Rebecca Howard | Fri, 05 Jun 2020

Weaker offshore markets may spill over into New Zealand as investors look to lock in profits after several positive days. Wall Street is set to end its four-day rally ahead of the May non-farm payr...

Infrastructure
Loss expected from NZ Steel on covid shutdown
Gavin Evans | Fri, 05 Jun 2020

BlueScope Steel’s New Zealand business could post its first half-yearly loss in four years on the back of the country’s strict covid-19 shutdown, Jarden analysts say. The New Zealand Steel and Paci...

SPONSORED
Rising to the covid challenge

These extraordinary times have shown us that – whether you are in the bread or wine business – those that can think on their feet, remain focused on the shifting needs of their customers and also have a plan are the ones most likely to succeed.

SPONSORED
Go local: Kiwi firms need your business to survive

Now, more than ever, Kiwis must support local businesses so they can keep Kiwis employed.