While marine energy technologies are not yet commercially competitive with existing technologies, the pace of development is fast. The first commercial wave farm will be operational in Portugal within a year and there is plenty of activity in New Zealand too.
L&M Petroleum has an aggressive exploration programme underway in Southland and it’s getting plenty of support from local investors.
A recent power conference debated the best ways for the world, and New Zealand in particular, to combat global warming while maintaining healthy energy and infrastructure sectors.
New Zealand Oil & Gas has come a long way in the last few years and now appears poised to reap the rewards.
A number of electricity lines companies have the potential to extract excess profits from consumers under the current New Zealand regulatory regime, an analysis by energy economist Jill Thomson indicates.
Highlighting the continuing critical importance of petroleum to the New Zealand economy is the job that PEPANZ’s John Pfahlert has taken on amid unprecedented change for the petroleum industry. The boy from the Coast is also determined to see New Zealand’s long-term self-sufficiency in oil and gas improve.
To date New Zealand doesn’t have any examples of field unitisation. However, PHIL BARRON and DENNIS STICKLEY say that with the increasing intensity of exploration and development in the Taranaki Basin, ‘hot spots’ have emerged where the potential for unitisation is very real.
Harnessing the power of the sea
From the ground up - building a new exploration company
Unitisation: A real prospect