The sharp decline in oil and dairy prices could have a huge impact on the domestic economy as the former is our largest import item and the latter our biggest export earner.

Most of $8 million the Government is putting into mineral and oil and gas geotechnical studies will be spent on aerial aeromagnetic surveys.

BP and Z are both claiming to have led the market in reducing their national price for 91-octane petrol to a smidgeon below $2 a litre this morning.

Russia's economic crisis deepened as the Govt acknowledged it's heading for recession and "panic" crept into the financial system as oil prices plunged.

Z Energy is the latest company to jump on the big data trend, doing a deal with analytics company 11 Ants Analytics to help the service station firm better understand customer preferences and buying....

Billionaire wildcatter Harold Hamm, a founding father of the United States shale oil boom whose fortune has fallen by more than half in the past three months, says US drilling will slow as producers....

With $1 trillion spent on projects to feed a commodity boom since 2002, the world's mining firms have a lot riding on China.

The world is in the grip of a new oil shock. The shock is that prices are collapsing. Liam Dann explains what it means for the NZ economy.

Diamonds are so hard to find that explorers have pretty much given up trying.

A secretive group of the world's most powerful oil ministers will soon gather in Vienna to take one of the most important decisions to affect the still fragile world economy.

Tugboat crews are threatening to disrupt shipments from the world's biggest iron ore port as they negotiate for increased wages.

Meridian Energy has fattened its dividend and is hinting of a possible return of capital next year after beating prospectus forecasts in its first annual result.

Oil and gas exploration and development spending was up 7 per cent last year to almost $1.6b, according to the latest official figures which also show a big jump in gas reserves.

Despite all the talk of action against Vladimir Putin, Exxon Mobil, the largest US energy company is undeterred, starting work on $700m oil well in the Arctic.

Energy companies are taking their controversial fracking operations from the land to the sea - to deep waters off the US, South American and African coasts.

Oil prices in New York have tumbled to their lowest level since mid-March helped by unplanned refinery shutdowns in the US midwest.

The mining company achieved a profit of US$58.9 million in the first three months of the year as production from Didipio came onstream.

A company owned by the Gloriavale Christian Community expects to drill a new oil well this spring with a rig that has recently arrived from Korea.

Stockton mineworkers got the bad news they were expecting today, that more than 180 jobs will go - over a quarter of the workforce - and mine production will fall by 25 per cent.

Gina Rinehart's son John Hancock called his youngest sister "an oxygen thief".

Editorial: During the passage of legislation establishing a new regime for activity in NZ's exclusive economic zone, environmentalists fretted the Govt had got the balance wrong.

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.

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.

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

Almost 140 jobs are to be axed at Solid Energy's Stockton mine, the company announced today.

The oil and gas industry is suddenly brimming with upstart millennials after decades of failing to attract and retain new entrants.

China has signed a long-awaited deal for Russian natural gas, giving China a new energy source and Russia a diplomatic boost.

China is stockpiling oil for its strategic petroleum reserve at a record pace, intervening on a scale large enough to send a powerful pulse through the world crude market.