Latest from Oil & Gas

Fuel deals key lure for motorists

Petrol price is driving people to service stations that offer discounts or savings schemes - and more commuters are taking public transport.

Strong kiwi dollar offsets oil rise

The high New Zealand dollar is insulating this country from rising crude oil prices that have spurred fears for the global economic recovery.

Gas and fuel supplies under threat

Heavy fighting was continuing around Iraq's main oil refinery in the city of Baiji, 400km north of Baghdad, where Islamists first tried to gain control last week.

Drilling resumes after glitch

Drilling has resumed off the Taranaki coast after the joint-venture partners in the Oi prospect had to abandon a well that hit trouble amid escalating costs.

Conflict in Iraq risk to oil stability

Escalating violence in Iraq threatens to unleash an oil price spike that would put an end to the greatest period of price stability for nearly half a century, BP's chief economist has warned.

Liam Dann: Rebel onslaught shakes global economy

Liam Dann asks, "What sort of economic fallout can we expect if Baghdad falls? It is a question that has carried serious geopolitical weight for thousands of years."

Iraq unrest pushes up oil

Escalating violence in Iraq has spooked world sharemarkets and pushed up oil to its highest price in nine months.

Germany tightens rules over fracking

Germany has rejected genetically modified crops, nuclear power and magnetic levitation trains. Now, the country is adding fracking to the list of innovations it's wary of.

Norwegian oil giant eyes Northland coast

Plans by Norwegian oil giant Statoil to explore off the Northland coast are moving closer with the visit of a top executive to the area this week.

US agency sees zero oil imports by 2037

Net oil imports to the US could fall to zero by 2037 because of robust production in areas including North Dakota and Texas's Eagle Ford formation.

Skyping grannies dent petrol sales

Z Energy's boss says petrol consumption is falling in relation to increasing availability of broadband, which means people aren't popping in their cars for visits anymore.

Ship collision exposes risks in busy oil channel

The fog was just beginning to lift on the Houston Ship Channel on March 22 as a bulk carrier and a fuel barge found themselves on a crash course.

Plan for one big bill has a downside, expert

A power company is offering the chance to pay all household costs in one bill - but consumer groups warn the convenience may come at a cost.

Govt 'confident' deep sea exploration won't end in disaster

Measurement casts doubt on US oil reserves

In 1945 Jan Arps published a formula, which has become one of the most widely used measures, to predict how much crude oil a well will produce.

Govt opens eight areas for oil and gas exploration

The government has opened eight new areas for oil and gas exploration in its 2014 Block Offer, unveiled by Energy Minister Simon Bridges.

Liquidation bid an attempt to extort terms - judge

An attempt to have the Court of Appeal order the liquidation of Greymouth Petroleum was described by one of the judges hearing the appeal as a tactic to "extort."

Petroleum firm stoush in court

A long-running and acrimonious dispute between two rich-lister shareholders of Greymouth Petroleum and their former colleague at the oil and gas company is heading back to court.