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Energy

Commerce Commission delays decision on Contact’s $2 billion takeover of Manawa Energy

The Commerce Commission has postponed its decision on Contact Energy's proposed $2 billion acquisition of Manawa Energy, extending the deadline until 31 March next...

Google to power AI data centres with nuclear energy in deal with Kairos Power

Google has signed a deal with nuclear startup Kairos Power to use small nuclear reactors to generate electricity for its AI data centres. Under the...

Government to boost fuel reserves – Jones

The New Zealand government is taking steps to strengthen the country’s fuel resilience to protect against potential disruptions, Associate Energy Minister Shane Jones announced. Recognising...

Oil prices surge as Middle East conflict escalates

Global oil markets reacted sharply on Friday as the ongoing conflict in the Middle East intensified. Israel's invasion of Lebanon and Iran's missile attack on...

Strong support for New Zealand minerals strategy – Jones

Over 90 percent of submissions have expressed broad support for a new minerals strategy in New Zealand, demonstrating widespread approval for a long-term approach...

Oil prices predicted to drop as OPEC plans increased production to counter US competition

Rey Trevino, Vice President of Pecos Country Operating, has predicted that global oil prices will likely remain between $65 and $75 per barrel into...

‘Hipkins working hard to destroy energy confidence’ – ACT

“Even in Opposition, Hipkins is cratering our chances of getting the energy we need to keep homes warm and factories running through the winter,”...

Study underway to secure national fuel resilience – Jones

A study of New Zealand’s fuel security, including investigating reopening the Marsden Point refinery, will soon get underway as the Coalition Government seeks to...

Government to reverse oil and gas exploration ban

Removing the ban on petroleum exploration beyond onshore Taranaki is part of a suite of proposed amendments to the Crown Minerals Act to deal...

‘Vision for minerals future’ released

Increasing national and regional prosperity, providing the minerals needed for new technology and the clean energy transition, and doubling the value of minerals exports...

Leap year glitch causes petrol station outage

A leap year technical glitch has caused outages at fuel stations across the country, affecting motorists at all fuel brands. Allied Petroleum and Gull acknowledged...

EU tells citizens to further reduce gas consumption

While the extension of the bloc’s 2022 emergency demand reduction was framed as a success, the impact has been severe. Europeans must maintain the reduced...

Nuclear power generation to hit all-time high – IEA

Most of the new capacity is expected to come from China and India. Global nuclear power generation is set to reach an all-time high in...

Dollar losing share in oil transactions – JP Morgan

A fifth of global supplies were sold and purchased using other currencies, according to analysts’ estimates. Global consumers and exporters of crude are now managing...

Era of cheap energy over – Germany’s grid agency boss

Electricity prices will be permanently high, Klaus Muller warns. Households in Germany will continue to struggle with high electricity and heating costs amid the cost-of-living...

Washington touts nuclear breakthrough

US scientists have successfully repeated a historic experiment creating fusion energy, proving the process can be replicated. US government scientists have claimed that they can...

Coal in demand more than ever – IEA

Output and sales are forecast to reach record highs by the end of 2023. Worldwide demand for coal is set to reach a historic high...

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