New Zealand Oil & Gas – and wind

Kupe platform. (Image: NZOG)

Tue, 12 Dec 2023

New Zealand Oil & Gas is eyeing up a new development that might not seem to fit the bill of its investment profile at first blush – an onshore wind site. Chief executive Andrew Jefferies told shareholders at today’s annual meeting in Wellington that he’s previously said that while NZOG isn’t a wind company it will take advantage of renewables where it makes sense. In slides accompanying his update on the Kupe oil and gas field off the Taranaki coast, NZOG said it plans to progress the Kupe wind power generation...

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