Crown seeks US$100m from Tui operator; Prospector moving on

Crown seeks US$100m from Tui operator; Prospector moving on
Gavin Evans
The government is claiming US$100 million from the operator of the Tui oil field, as efforts continue to keep the field in production and stave off early decommissioning.Sixty-nine creditors of Tamarind Taranaki, which halted an in-fill drilling campaign at the offshore field in September, have lodged claims for $198 million with administrators Singapore-based Borelli Walsh.The administrators have spent the past week in talks with BW Offshore, operator of the field’s floating production vessel Umuroa, to try and maintain production through to M...

More Policy

MoT to gauge market interest in toll road concessions
Policy

MoT to gauge market interest in toll road concessions

Investment bank Citi will assist the ministry. Transurban has already signalled interest.

Govt announces first three 'regional deal' contenders
Policy

Govt announces first three 'regional deal' contenders

Ministers want regions to consider 'asset recycling', among other funding tools.

Oliver Lewis 02 Jul 2025
‘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
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025