Govt to cover Tui vessel costs

Govt to cover Tui vessel costs
Gavin Evans
The government has agreed to cover the costs of keeping a floating production ship moored at the Tui oil field until it can be disconnected and relocated. The floating production and storage vessel Umuroa has been stuck at Tui, about 50 kilometres off the Taranaki coast, since the field’s former operator, Tamarind Taranaki, collapsed late last year owing more than $380 million to unsecured creditors.The ship’s owner, BW Offshore, last month wrote off the vessel’s US$21 million book value and placed the asset, controlled b...

More Infrastructure

Autopilot error caused Manawanui sinking – report
Infrastructure

Autopilot error caused Manawanui sinking – report

New Zealand’s Navy and the Defence Minister fronted a media conference today.

Southbase Construction targets North Island growth
Infrastructure

Southbase Construction targets North Island growth

Set up after the quakes, the Christchurch firm is rapidly scaling up in the North Island.

KiwiRail reveals $8m cost of McKinsey contract
Infrastructure

KiwiRail reveals $8m cost of McKinsey contract

Rail Minister Winston Peters calls it an unacceptable payment. 

Oliver Lewis 02 Apr 2025
Mainfreight praises 'logical, sensible' rail ferries decision
Infrastructure

Mainfreight praises 'logical, sensible' rail ferries decision

Port companies on both side of the Cook Strait also welcome increased certainty.

Oliver Lewis 01 Apr 2025