
Solid Energy did all it could to avoid job cuts: English
Solid Energy did all it could to avoid job cuts on the West Coast but the coal market made it too difficult, Bill English says.
Solid Energy did all it could to avoid job cuts on the West Coast but the coal market made it too difficult, Bill English says.
Z Energy says work has slowed on its $20 million biodiesel plant but it will be finished in the next nine months.
The mood was grim as Solid Energy employees filed out of the NBS Theatre in Westport today, just minutes after finding out the company was cutting 151 jobs, plus up to 15 contracting jobs - from its Stockton mine. The company is cutting 151 jobs, but some of the losses will be made up of unfilled vacancies, meaning 113 current staff will lose their jobs. This cuts the number of staff at the mine from 397 to 246. It follows Solid's decision to cut 185 jobs a year ago.
The West Coast mining industry has been dealt a heavy blow today, with 113 jobs to go at Solid Energy's Stockton mine.
Z Energy posted a 10 per cent increase in full-year operating earnings, as fuel and refining margins improved and the service station chain sold more fuel.
Job losses on the West Coast have been foreshadowed ahead of meeting between Solid Energy managers and workers at the Stockton Mine tomorrow.
Vector has formed a partnership with Tesla to bring its revolutionary home and business batteries to New Zealand.
King Country Energy, the biggest electricity retailer in the region, is pushing ahead with plans to move its listing to the NZX from the Unlisted platform, saying new rules could force the Unlisted....
Scientists have found around 766 individual methane gas flares off the coast of Gisborne - a “major advance” for science and a first for New Zealand.
Solid Energy shelled out $4 million for redundancies between July and December last year, mostly for workers from the Stockton opencast mine.
China Steel Corp has green-lighted Kiwi-founded LanzaTech's first commercial plant.
It is hard not to be cynical about protests when we are consuming oil here that comes from countries that have no environmental controls whatsoever, writes Sam Judd.
The shale oil boom that pushed US crude production to the highest level in four decades is grinding to a halt.
Shares in Mighty River Power and Meridian Energy have been coming off the boil, but there are few obvious reasons for a recent slump in their stock prices.
Refiners are poised to make gasoline at a record pace, keeping the US crude glut from overflowing storage.
Energy Minister Simon Bridges agrees with some of the messages of protestors outside a petroleum summit being held in Auckland today.
Oil and gas sector leaders meet in Auckland today as the industry confronts depressed global prices and conference delegates face protests from activists.
Scientists claim an 'imminent' collapse of the universe will take place sooner than expected, but don't panic - it still has tens of billions of years left.
Many electronic and miscellaneous objects are never fully turned "off," and thus consume power all the time.
Known for their oil fields, refineries, and petrol stations, BP, Royal Dutch Shell and Total are also the world's biggest oil traders.
Solid Energy says it is solvent, but only just, and will need a new deal from its bankers to survive.
Tesla Motors' new stationary-storage unit making battery packs will help founder Elon Musk expand beyond electric vehicles.