• Customer experience IT downgraded
• No business plan after $20m+
• Genesis well placed on CRM
Meridian Energy has put its flagship retail customer project on ice following the departure last Tuesday of Steve Ferguson, the company’s Retail Director, who was brought in two years ago from Kiwibank to lead a project to transform the experience for […]
MAF reports strong uptake in the third round of its Afforestation Grant Scheme tender, with grants worth just over $4m granted to 42 projects for 2688 hectares of new forest in 2009 and 2010. Tenders were let at an average price of $1789 per hectare in the high sequestration pool and $650 per hectare in […]
Following the success of recent drilling round the Maari field, Sydney-based Horizon Oil which has a 10% stake in Maari has decided to execute a farm-in agreement with Todd Exploration for a 30% stake in an exploration permit which lies immediately adjacent to and south of the Maari and Manaia permits. The permit covers an […]
Don Elder, CEO at State owned Enterprise coal-miner and bio-fuels producer Solid Energy, struggled to hide his disappointment this week at announcing a record profit of $110.8m because the result was so much less than the company had hoped for before the global credit crunch killed months of export orders and collapsed world coal prices.
The […]
Could it be that the Govt has stolen a march on the environmental movement by reframing the debate about NZ’s mineral wealth in a way which has captured public imagination and is providing a buffer against the inevitable objections to greater reliance on extractive industries? This is what we at NZ Energy & Environment Business […]
• Asset swaps too hard
• Hedging as proposed won’t work
• Market maker scheme favoured
Electricity generators will be obliged to be two-way price makers in a new, open access futures-style market emerging as a favoured “third way” option for concluding Energy Minister Gerry Brownlee’s electricity market reforms. The new option follows the formal consultations by the […]
Partners in the Maari joint venture are buoyed by successfully reaching all the objectives in the drilling operations 80km off south Taranaki, with oil being struck in 3 different “plays” (Moki, M2A, and Mangahewa sandstones) on 2 separate structures (Maari and Manaia). A success rate of 100% in a drilling programme is unusual in oil […]
Environment Minister Nick Smith has given the clearest steer yet on the details of the deal with the Maori Party over treatment of Treaty of Waitangi settlement assets whose value is affected by the imposition of the ETS. Smith says Ngai Tahu has valued the impact of the ETS on South Island forests from its […]
Almost unnoticed in the fine print of the Emissions Trading amending legislation is the damning statement from the Treasury’s regulatory impact assessment team, which says simply that the analysis behind the new ETS “does not provide adequate basis for decision-making.” A Regulatory Impact Statement is now required of every piece of legislation, including an Adequacy […]
Exxon Mobil has given its strongest signal yet there is far less interest in the Great South Basin than its most enthusiastic boosters had hoped. While it has sought and been granted a year’s extension on its “drill or drop” rights, Exxon, along with field partner Todd Energy (10%), is seeking farm-in partners before going […]
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