Latest from Oil & Gas

ExxonMobil NZ reports narrower loss

The New Zealand division of ExxonMobil narrowed its 2015 loss even as revenue dropped 15 per cent.

What the oil price rise means long term

Oil broke through US$50 ($75) a barrel last week for the first time since October.

Oil prices top $50 for the first time this year

Prices have been moving up recently and they augur higher prices at the pump for consumers.

Z's green diesel about to flow

Z Energy is about to open the country's first commercial scale biofuels plant in a bid to become part of the emissions solution.

Luxury sales fading as oil falls and tourism slows

In the Middle East, the luxury-goods industry is grappling with shifting sands.

Frank Duffield: Natural gas can smooth transition

COMMENT: The Royal Society has called for urgent action in NZ on carbon emissions. But the transition to renewable energy won't be quick or easy.

Z Energy earnings fall 1pc

The company said earnings had been impacted by the settlement of its dispute with Customs.

Z cleared to buy Caltex petrol stations

Z Energy is allowed to buy Caltex and Challenge! petrol stations, but must sell 19 of its retail sites.

Petrol price increase the first of several

A 6 cent increase in 91-octane petrol in the past week is likely the first of several increases to come, according to Automobile Association.

Electric cars need tax breaks - expert

An expert from Norway says if New Zealand is serious about getting motorists into electric cars the government needs to act.

Meeting on oil freeze unlikely

A meeting of oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, inside sources say.

Saudi Arabia faces new oil titan

Even if Saudi Arabia wins its struggle with US shale producers over market share, it will face a new billion-barrel adversary.

Plunging oil prices hit NZOG

Plunging oil prices have forced New Zealand Oil & Gas to shed workers, prune its board and will lead to the shutdown of an offshore field four years early.

Loss widens to $27 6m at NZ Oil Gas

New Zealand Oil & Gas widened its first-half loss as it wrote down the value of its Tui and Maari investments.

Oil price revival boosts stocks

Global equity markets have received a boost from an upturn in crude oil as the market focused on a forthcoming meeting of major oil producers.

Saudi Arabia reeling from falling oil prices

Saudi Arabia - Stung by falling oil prices, Saudi Arabia has cut spending and subsidies as part of harsh austerity measures that threaten the lavish welfare programs underpinning its stability.