Wellington Drive remains in the black as it raises operating forecast
By Jenny Ruth | Tue, 22 Oct 2019
Wellington Drive Technologies has posted a $580,000 net profit for the nine months ended September. However, that's down from the first-half net profit of $770,000 and the company says the full-year b...
OMV plans further maintenance at Pohokura
By Gavin Evans | Tue, 22 Oct 2019
OMV plans further maintenance at the Pohokura gas field next year, which may reduce production from the offshore portion of the field. The company, which took over as field operator in December, ha...
Mercury raises guidance on increased storage, high spot prices
By Gavin Evans | Fri, 18 Oct 2019
Mercury NZ has raised its full-year earnings guidance by $25 million on the back of rising storage in its Waikato catchment and sustained high wholesale electricity prices.Storage in Lake Taupo has cl...
Eroad reports strong 3Q sales growth, eyes ASX listing
By Rebecca Howard | Fri, 18 Oct 2019
Eroad reported strong third-quarter sales growth but didn't pick up as many small to medium business customers as expected. It is also looking at a possible secondary listing on the ASX. The Auck...
Affordable power key to decarbonisation - Genesis
By Gavin Evans | Wed, 16 Oct 2019
Policymakers will need to ensure electricity remains affordable and reliable if the country is to decarbonise transportation and heavy industry, Genesis Energy says.Electricity – 84 percent renewable...
Contact in talks on 13MW dairy boiler project
By Gavin Evans | Wed, 16 Oct 2019
Contact Energy says it is in talks with a dairy producer on a 13 megawatt electric boiler as part of its strategy to benefit from the country’s efforts to decarbonise heavy industry. Electrificatio...
Oil and gas critical to global emissions reduction effort - BP
By Gavin Evans | Tue, 15 Oct 2019
Oil and gas will remain a key part of the global energy mix for decades to come if the world is to improve access to energy for a growing population and at the same time reduce emissions, BP group chi...
High-emission oil producers at risk from investor action
By Gavin Evans | Mon, 14 Oct 2019
High-emission oil producers may be more at risk from investor action than carbon costs, a Canadian expert on sustainability finance says. Barbara Zvan, chief risk and strategy officer at Ontario Te...