Z Energy has reported a 72 percent fall in first-half net profit after writing $35 million off the value of its stake in spot power retailer Flick Electric. The write-down and tough retail fuel competition saw the company report a net profit of $22 million for the six months e...
The cost of Refining NZ’s proposed 31-hectare solar array has come in at the lower end of expectations. The $37 million project, approved by the company’s board, was mooted in July with a cost range of $36-39 million. It will be funded with a combination of non-recourse projec...
National grid operator Transpower is urging electricity industry participants to avoid scheduling any more maintenance work in the second half of November so it can maintain a sufficient capacity buffer.A combination of transmission work and planned maintenance at power stations...
OMV has been granted the last of the environmental consents it needs for a drilling programme off Taranaki this summer.The company, which operates the Maui, Maari and Pohokura fields, has been granted a discharge consent for up to 11 wells it could potentially drill during the ne...
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articles by Oliver