Tui vessel operator seeks costs from govt

Tui vessel operator seeks costs from govt
Gavin Evans
The operator of an oil processing ship moored off the Taranaki coast wants the government to cover its costs while it considers plans for removing the vessel.BW Offshore was yesterday cleared by the Environment Court to remove the Umuroa which has been stuck at the Tui oil field for almost a year since operator Tamarind Resources ran out of cash. The floating production and storage vessel is moored at the field about 50 kilometres off the coast and is costing about US$1 million a month to run, BW chief financial officer Stale Andreassen to...

More Infrastructure

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
Bridge collapse to cause traffic delays for US car exports
Infrastructure

Bridge collapse to cause traffic delays for US car exports

Industry was just starting to recover after covid pandemic. 

Bloomberg 28 Mar 2024
Councils need to get their mojo back: Anne Tolley
Infrastructure

Councils need to get their mojo back: Anne Tolley

She says local bodies need to take up the funding tools already available to them.

Oliver Lewis 28 Mar 2024
Steven Joyce to chair group looking at infrastructure agency
Infrastructure

Steven Joyce to chair group looking at infrastructure agency

The new National Infrastructure Agency will be up and running next year.

Oliver Lewis 26 Mar 2024