New gas well raises the spirit of Shane Jones

New gas well raises the spirit of Shane Jones
Pohokura's onshore/offshore operation ekes out more gas. (Image: NZME)
Ian Llewellyn
The opening of a new production well in the Pohokura gas field has been heralded by Resources Minister Shane Jones as showing the potential for squeezing more out of New Zealand’s declining reserves.Jones visited the Pohokura Production Station in Taranaki on Wednesday to see the new gas well turned on.The Pohokura Onshore Well Number 5 (POW-05) is anticipated to deliver about four petajoules (PJ) of gas per annum through a joint venture between operator OMV (74%) and Todd Energy (265).The NZ gas sector used to deliver about 180PJ but has...

More Energy

Household electricity bills increase by 10%
Energy

Household electricity bills increase by 10%

Ministers consider whether to modify the market structure.

Ian Llewellyn 16 Jun 2025
Powerco says biomethane production feasible
News in Brief

Powerco says biomethane production feasible

North Island energy distributor Powerco says two feasibility investigations into upgrading biogas to biomethane for use in its gas network have shown it is feasible.In April 2024, Powerco launched initiatives with Manawatū District Council (MDC) and Midwest Disposals to conduct t...

Ian Llewellyn 16 Jun 2025
MyFarm's solar seduction
Primary Sector Analysis

MyFarm's solar seduction

What does an investor need to believe about this 10-12% p.a. offer?

Pattrick Smellie 16 Jun 2025
EPA tips firm on fast-track list into liquidation
Policy

EPA tips firm on fast-track list into liquidation

Energy Farms changed its name the same day it was liquidated.

Gregor Thompson 13 Jun 2025