Infrastructure
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Infrastructure
Genesis underlying profit up 16% on improved retail earnings
By Gavin Evans Aug. 28 (BusinessDesk) - Genesis Energy reported a 16 percent increase in underlying full-year profit, with improved retail earnings offsetting a flat performance from its generation arm and weaker oil production from its Kupe interests. The country’s biggest...
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Infrastructure
MARKET CLOSE: NZ shares recover; demand for yield boosts Meridian, Spark
By Paul McBeth Aug. 27 (BusinessDesk) - New Zealand shares recovered some of yesterday's decline as the demand for reliable income boosted yield stocks such as Meridian Energy and Spark New Zealand. Tourism Holdings gained after confirming annual profit beat guidance. The...
Infrastructure
No revisiting of exploration ban in govt resource strategy
By Gavin Evans Aug. 27 (BusinessDesk) - The government’s draft 10-year strategy for minerals and petroleum emphasises the importance of gas for energy security and as a transition fuel to a low-emissions economy, but says the ban on exploration won’t be revisited. The 42-pa...
Infrastructure
NZOG posts $2.9m loss despite improved Kupe, Maari performance
By Gavin Evans Aug. 27 (BusinessDesk) - New Zealand Oil & Gas has reported a $2.9 million full-year loss with improved production from its Kupe and Maari interests insufficient to offset exploration losses in the first half. The firm, currently under a takeover offer from i...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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articles by Oliver