OMV says the well it drilled off the Taranaki coast last month doesn’t look to have delivered a commercial discovery.Gladstone-1 was drilled about 50 kilometres north-west of New Plymouth in the firm’s Cloudy Bay exploration permit – PEP 57075.The rig, the COSL Prospector, has si...
Operators of the Tui oil field believed they had sufficient funding to complete at least two of three planned development wells, even if the first proved dry.The first report by liquidators investigating the US$320 million collapse of field operator Tamarind Taranaki said their p...
More data, faster speeds and cheap prices will remain dominant themes for the telecommunications sector in 2020 as major carriers embark on a 5G mobile future and network operators prepare for a new pricing regime.The entrance of Infratil into the telco market via its joint purch...
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articles by Oliver