Archive for July, 2009

An Uncomfortable Question For Key

Speculation in Christchurch media Meridian Energy is about to be privatised was well over the top and drew a denial from John Key, which was interesting if only for its swiftness and strength. He says “there is no privatisation agenda for Meridian, nor is there for any other SOE.” The company is undergoing a huge […]

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Explorers Need To Tap Coal Seam Gas “Sweet Spots”

Energy Minister Gerry Brownlee is enthusiastic about the future of a coal seam gas industry in NZ which he says has the potential to make a “sizeable contribution” to NZ’s energy security, but his enthusiasm is tempered by the analysis of energy consultant Dr Mac Beggs, who says major progress in the industry here may […]

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The Valero-Marsden Point Fit - Refinery In Takeover Sights

• NZ’s only oil refinery in play.
• Just as the “strategic asset” test is axed.
• Strong strategic fit for potential bidder.
The Marsden Point oil refinery ticks all the right boxes for Valero Corporation, the NYSE-listed Fortune 500 company reported to be looking at a stake in or possibly takeover of the NZX-listed NZ Refining Co. […]

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Warm-Up Scheme Hits Twin Targets

The Warm Up NZ scheme, which began on July 1 and is being run by the Energy Efficiency and Conservation Authority, appears to be hitting the Govt’s twin targets of stimulating insulation of homes, and creating jobs. EECA says demand is very high. Since the programme started , EECA has received nearly 8500 calls and […]

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UN To Investigate Rules On Shipping Emissions

The UN is discussing rules to cut rising emission of greenhouse gas from shipping. The International Maritime Organisation’s (IMO) Environment Committee is drawing up recommendations for design standards to make ships more efficient. It includes working on operating standards so that ships save fuel. Shipping now accounts for more than 3% of annual global emissions, […]

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Grid Operator Engaged In Huge Upgrade Programme

National grid operator Transpower, moving into the building phase of a 10-year upgrading programme, has $2bn worth of projects now in various stages of development or construction as part of $3.8bn of capital expenditure planned for the next 5 years. Two projects, each costing over $600m, are of critical importance, the upgrading of the North […]

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Could Hoki-1 Lead To The “Saudi Of The Deep South”?

“The biggest oil story of 2010″ is how the large Hoki-1 oil prospect 150km off the north-west of New Plymouth is being described in Australia. NZ Energy & Environment Business Week last week outlined the summer drilling campaign Sydney-based Australian Worldwide Exploration is planning in its permits off Taranaki, including the Hoki-1 prospect. Subsequently, Wellington-based […]

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Energy Retailers Now Slammed For Actually Being Competitive

In the unloved world of electricity retailing, it is almost inevitable evidence of serious competition for retail customers would be reported as a waste of customers’ money. What other retail industry is criticised for making sharp offers to attract customers, always on the assumption costs are met somewhere? Perhaps what retail customers disbelieve, after tariff […]

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Smith Under Pressure On Greenhouse Gas Emissions Target

• 40% by 2020 campaign has legs.
• Target impossible, says Smith.
• Farm lobby out of step.
Public meetings in urban centres will have left Environment Minister Nick Smith under no illusion that there is a well-organised lobby for the Greenpeace/Oxfam- sponsored greenhouse gas emissions target of a 40% cut from 1990 emissions levels by 2020. In […]

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Maori Look At Geothermal Power Development

Energy Minister Gerry Brownlee says he would welcome Maori investment in geothermal power generation in the North Island. He says the geothermal resource is far from fully utilised. This follows reports Maori interests are investigating a $2bn geothermal power generating company off the back of the $500m Central North Island Treelords settlement. Consultants employed to […]

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