Limited interest in buying OMV's NZ oil and gas assets

Limited interest in buying OMV's NZ oil and gas assets
OMV owns the Maui field among other assets in NZ. (Image: NZME)
Ian Llewellyn
OMV says there has been limited interest in buying its New Zealand oil and gas fields.The multinational energy company this year said it wanted to sell all of OMV NZ and its stake in SapuraOMV Upstream, a 50:50 joint venture with Malaysia’s Sapura Energy Berhad, with gas condensate assets off Malaysia. The partnership also has exploration interests in Mexico, Australia and NZ.The company plans to sell its oil and gas assets in countries with no downstream chemical manufacturing potential and mainly get out of hydrocarbons f...

More Energy

Mineral sands miner appoints new chair for expansion era
Primary Sector

Mineral sands miner appoints new chair for expansion era

Debbie Birch joins the group as it seeks consent for a major new mine near Hokitika.

Oliver Lewis 01 Apr 2025
Govt seeks gas for schools and other agencies
Energy

Govt seeks gas for schools and other agencies

Tenders sought in an ever-tightening market.

Ian Llewellyn 01 Apr 2025
ComCom delays Manawa Energy decision to May 9
News in Brief

ComCom delays Manawa Energy decision to May 9

The Commerce Commission says its decision on whether Contact Energy can take over Manawa Energy has been delayed until May 9.A decision had been expected today (Monday), but the commission updated its case register this morning to reflect the new decision date.If the deal proceed...

Staff reporters 31 Mar 2025
Genesis coal stocks reassure
Markets

Genesis coal stocks reassure

Lights should stay on, but electricity prices could stay high.

Ian Llewellyn 31 Mar 2025