OMV selling out of Maari oil field

Gavin Evans
Tue, 19 Nov 2019

Gavin Evans
Tue, 19 Nov 2019
OMV has agreed to sell its majority stake in the Maari oil field as part of its strategy to shift its production away from heavier-emitting resources.The firm, which also manages the Maui and Pohokura gas fields, will sell its 69 percent interest in the offshore field to Singapore-based Jadestone Energy for US$50 million. Other partners in the venture are ASX-listed Horizon Oil and Cue Energy Resources, a subsidiary of New Zealand Oil & Gas.“The divestment of the Maari field further optimises our portfolio and will shift us in New Zealand t...
Primary Sector
Possible breach of code in 2013 New Image takeover
Rebecca Howard | Mon, 10 Aug 2020

A takeover of New Image Group by New Image Trustee in 2013 may have breached the Takeovers Code.

Opinion FREE
TIM HAZLEDINE: No more job subsidies, thank you
Tim Hazledine | Mon, 10 Aug 2020

The government has pulled the plug on two major job subsidy schemes.

Case for closing Taranaki plant 'accelerating' - Contact
Gavin Evans | Mon, 10 Aug 2020

Rising gas and carbon costs are “accelerating the case” for replacing Contact Energy’s biggest gas-fired power station with renewables.

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.