OMV, Todd assets look ripe for Govt gas discovery support

OMV, Todd assets look ripe for Govt gas discovery support
There may yet be more gas in the Maui field, which Government support could unlock. (Image: NZME)
Pattrick Smellie
Oil and gas producers OMV and Todd Energy emerge as the most likely beneficiaries of the Budget 2025 announcement that the Government would invest up to 15% in a new oil and gas field.In a note to clients, Enerlytica’s John Kidd identified the OMV-controlled Maui East discovery offshore Taranaki, Todd Energy’s Karewa block off the coast of Kawhia, and the Toutouwai prospect off the coast of Taranaki, where OMV holds a 70% shareholding.Details of the way the commitment of up to $200 million in government funding would work were...

More Energy

Gas insider explains energy pain and solutions
Economy

Gas insider explains energy pain and solutions

Find more energy or face ongoing deindustrialisation, says GIC.

Gas and electricity contracting complaints investigated
Law & Regulation

Gas and electricity contracting complaints investigated

Regulator looks at clamour around energy contracts.

Ian Llewellyn 14 Aug 2025
From the Red Sea to greening up shipping
Infrastructure

From the Red Sea to greening up shipping

The head of the United Nations maritime agency has visited NZ for the first time. 

Oliver Lewis 12 Aug 2025
Gas users warn of business closures
Energy

Gas users warn of business closures

Half have cut back operations already, more are joining them.

Ian Llewellyn 12 Aug 2025