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New Zealand Overview

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Increasing fuel demand meets supply restraint
NEWS
October 11, 2021

Oil was up Monday morning in Asia, continuing multiweek gains. Supply restraints from major producers collided with growing fuel…

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Oil up over huge draw in US crude supplies
NEWS
Multinational - May 05, 2021

Oil was up Wednesday morning in Asia over a record fall in US crude supplies and growing expectations that re-opening drives in…

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Oil up on back of Russian production cuts
NEWS
Multinational - May 26, 2020

Oil was up on Tuesday morning in Asia with Russian expectations of a rebalancing of the market by June or July.

Russia is one of the top oil producers in the…

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Oil down on continued oversupply worries
NEWS
Multinational - April 20, 2020

Oil continued to slide from the previous session on Monday in Asia as producers continue to grapple with a supply glut.

International Brent oil futures dropped 1% to…

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Shell exits New Zealand
NEWS
New Zealand - December 28, 2018

Shell has wrapped up the sale of its New Zealand assets to OMV for USD 578 million, the super-major announced on Friday.

The assets include an operated stake in the…

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Week in review
NEWS
Multinational - April 08, 2017

Qatar Petroleum’s (QP) decision to lift the self-imposed moratorium on the development of the North Field dominated the oil and gas headlines last week. However, the…

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Shell sells New Zealand asset
NEWS
New Zealand - April 06, 2017

Royal Dutch Shell said on Thursday it would sell its 50% share in the Kapuni gasfield in New Zealand to Todd Energy for an undisclosed price.

The two companies have…

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Shell’s New Zealand assets under review
NEWS
New Zealand - December 10, 2015

Shell announced its New Zealand assets were under review in a press conference on Thursday, after 100 years of operating in the country.

Shell NZ produces 70% of…

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New Zealand announces Block Offer 2015
NEWS
New Zealand - March 30, 2015

The New Zealand Ministry of Business, Innovation and Employment announced today the start of the country’s yearly petroleum exploration permit tender, dubbed Block…

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