Latest from Commodities

NZOG set to explore prospect

New Zealand Oil & Gas says exploration drilling of the Barque prospect in the Canterbury Basin, which has the potential to be the nation's biggest-ever hydrocarbon discovery, is expected to start in 2017.

How bad could it get for Australia?

A collapse in iron ore and coal prices has exposed Australia's true vulnerability.

Iran deal exacerbates Norway's oil risks

Iran, once OPEC's second-biggest producer, will boost its oil exports by 500,000 barrels a day immediately after sanctions are lifted

OceanaGold upbeat on Otago mine

Mining jobs promised with two new start ups

Up to 60 mining jobs have been promised with the start up of two new goldmining operations near Hokitika and Kumara.

OPEC braces for more oil

Never mind cutting output to staunch a global glut - the talk so far is mostly about pumping more oil.

Maui gas field gets 35 year consent

NZ's largest and longest-producing offshore oil and gas field, Maui, has gained marine resource consents allowing it to operate for up to 35 years more,

Bid for Caltex sparks concerns

The massive rally in Z Energy shares, sparked by the firm's plans to acquire a rival, should raise competition concerns for the Commerce Commission, says a market source.

Niesche: Rich Listers spur awe, not envy

The annual BRW Rich List has published, showing Australia's 200 richest citizens ...

Oil man relaxed about price drop

Oil bobbing around the US$50 mark was the "the elephant in the room" at the Advantage New Zealand Petroleum Summit but veteran oil man Sean P Flanagan says he's seen it all before.

Activist-turned-oil exec battles protests

One-time environmental activist turned face of the Colorado oil and gas industry in says the road to winning the public over is a long and "boring" one.

Shell's deal creates global energy giant

Royal Dutch Shell has agreed to buy BG Group for about 47 billion ($92.4 billion) in cash and shares - the oil and gas industry's biggest deal in at least a decade.

Ice gas could be huge - Shell boss

New Zealand's next energy game changer could be the "super resource" of gas hydrates, says Shell New Zealand chairman Rob Jager.

Tank farm clean-up: Mobil wins costs

A publicly-owned entity must pay Mobil almost $1m in courts costs for its failed attempt to get the oil company to pay for the clean-up of Auckland's tank farm.

Christopher Niesche: Iron magnate's call to cap production a desperate bid

Iron ore baron Andrew Forrest likes doing things his own way.

Aust regulator probes iron ore cap talk

Forrest raised alarm bells for the watchdog after telling a business dinner in Shanghai that he would be happy to cap Fortescue's iron ore production at 180 million tonnes a year.

Govt should help councils with consents

A think tank report into unlocking planning obstacles faced by miners says central government needs to fund local councils for handling complex resource applications.

'Bent stick' device helps drilling data

Petromac, has evolved a disruptive technology that lets oil and gas companies get better data from wireline logging of oil wells.