OMV makes 'exciting' offshore Taranaki gas find

OMV makes 'exciting' offshore Taranaki gas find
Gavin Evans
OMV has reported gas and liquids in the final well of its recent offshore drilling campaign.Full testing wasn’t able to be completed because of the covid-19 lockdown, but the company said the well, drilled to a depth of more than four kilometres, showed hydrocarbons in several layers of sandstones.Gabriel Selischi, OMV’s senior vice president for Australasia, said although it was still very early in the exploration process the discovery had the potential to be a significant result for the company in New Zealand.“If future appraisal activities c...

More Infrastructure

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
Cost of Ōtaki to north of Levin highway nears $2b
Infrastructure

Cost of Ōtaki to north of Levin highway nears $2b

In 2020, the lower North Island expressway was costed at just $817m.

Oliver Lewis 01 Jul 2025
The keys to unlocking Northport's land value
Infrastructure

The keys to unlocking Northport's land value

MMH's land is valued at five times less than its next-door neighbour, Channel.

Ian Llewellyn 30 Jun 2025
Food scrap U-turn chills waste sector investment
Infrastructure

Food scrap U-turn chills waste sector investment

The Government’s backtrack on the food waste mandate undermines investor confidence.

Cécile Meier 30 Jun 2025