One of New Zealand’s leading petroleum market analysts believes OMV may find some hurdles ahead in its purchase of Shell NZ assets unless it modifies its position.
The gross refining margins in all currencies in January and February were impressive for Refining New Zealand.
There has been some political jockeying by politicians, industry and regional groups following Jacinda Ardern’s comments on the possibility of no new oil exploration permits. Whether she realises it some economic damage has occurred.
There were no surprises when Shell New Zealand announced on Friday that the OMV group would be acquiring its remaining local production assets.
There will be a new face representing Z Energy on the board of Refining New Zealand as from today.
The improving petroleum markets and increased equity in a NZ offshore production field has one Australian company thumping the drum at an investor conference.
Some political lines may be being drawn over a proposal for a regional fuel tax to be introduced in the Auckland region.
The annual New Zealand Petroleum Conference will be held in Wellington next week and it would be nice if the media spends more time listening to key speakers than dealing with the anti-oil protesters outside.
The global expansion of Austria’s OMV Group may include the Australian petroleum scene and expanding its profile in New Zealand.
Who wants to see petrol and diesel prices go a lot higher in New Zealand? It’s something to think about with the social media activists demanding an end to oil and gas exploration.