Kupe gas field operator looks at carbon capture and storage

The Kupe oil and gas field could one day host both windfarms and carbon capture and storage. (Image: Beach Energy)

Tue, 18 Oct 2022

Beach Energy is going ahead with work for a carbon capture and storage (CCS) project next to one of its Australian gas fields, saying facilities like these may be necessary at all its sites in the future, including at the Kupe field off Taranaki.The Adelaide-based oil and gas company has completed a pre-feasibility study on the CCS project next to its Otway Basin operations and is now moving into the assess/select phase.The Otway Basin is about 500 kilometres long and stretches from Cape Jaffa in South Australia to northwest Tasmania.Beach owns...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

Employment data dominates quiet day on NZ sharemarket

The NZ sharemarket was down with no real trend driving the change.

Tom Raynel 6:07pm

Economy

‘Remarkable growth’: Fulton Hogan posts higher profit

Fulton Hogan paid a total dividend of $180.4m for 2025.

Duncan Bridgeman 4:37pm

‘Remarkable growth’: Fulton Hogan posts higher profit

Policy

Seymour promotes coal, nuclear, and privatisation

Burning some coal to enable more renewable power "not a bad deal".

Pattrick Smellie 1:40pm

Seymour promotes coal, nuclear, and privatisation

Sponsored

Health insurance proving a valuable negotiating tool for Kiwi businesses

More employers see health insurance as key to staff wellbeing.

Moneyfit

Sponsored

Move-in ready offices: How business are rethinking workspace

Businesses want agility – and office space is evolving fast

Sponsored by Precinct Properties

More Energy

Policy

Seymour promotes coal, nuclear, and privatisation

Burning some coal to enable more renewable power "not a bad deal".

Pattrick Smellie 1:40pm

News in Brief

Genesis gets fast-track greenlight for Tekapo power scheme

Genesis Energy has received fast-track approval to continue operating and maintaining the Tekapo hydro power scheme.It lodged the fast-track application in April 2025 for the scheme, which includes Tekapo A and B power stations and substations, and the canal system. Genesis has o...

Staff reporters 03 Nov 2025