
Kupe gas field reserves increase by 35pc - NZOG
NZOG declared today a 34.7 percent increase in "developed reserves" at the Kupe oil and gas field.
NZOG declared today a 34.7 percent increase in "developed reserves" at the Kupe oil and gas field.
The company will pay an 8 cents per share final dividend on October 6, an increase from last year's 6.6 cents.
Genesis Energy announced its last two coal-burning electricity generators at Huntly Power Station will be shut down.
A revised contract between Meridian Energy and the owners of the Tiwai Pt aluminium smelter extends the smelter's operating life for at least another year from 2017.
It is a city that prides itself on its diverse ethnic communities, but Auckland is run by a club of white men living in the wealthy suburbs.
Genesis Energy, the country's biggest energy retailer, will permanently retire a coal/gas-fired unit at the Huntly Power Station.
More than half a billion dollars has been wiped off the value of NZX-listed electricity firms today.
The Financial Services Council has replaced chair Jenny Shipley, who is facing legal action from Mainzeal's liquidators.
New Zealand shares rose yesterday, paced by Genesis Energy, Contact Energy and Mighty River Power in a relief rally as Meridian Energy's instalment came due.
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Genesis Energy shares are down after the company cut its forecast for annual earnings after losing electricity and gas customers amid increased competition.
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.
NZ shares rose to a fresh record yesterday, paced by Mighty River Power, Meridian Energy and Genesis Energy as investors mulled possible lower interest rates across the Tasman.
New Zealand shares fell yesterday, led by Contact Energy after it flagged plans to invest offshore. Genesis Energy and Meridian Energy declined as enthusiasm for the sector cooled.
New Zealand shares fell for a second day as the kiwi dollar's slide to a four-year low sapped overseas investor appetite for high-yielding stocks.
New Zealand shares rose to a new record close yesterday as holidays in Auckland and Australia kept trading volumes light.
Genesis has raised US$150 million in its first issue of notes in the US private placement market and will use the funds to repay bank debt.
It's shaping up to be another bumper year for the NZ sharemarket, with the NZX 50 up more than 14pc and trading at record levels.
The New Zealand share market pushed higher to a new record high at midday today. Here are four reasons why.
Call me a Luddite, but I don't want a "smart" electricity meter installed at home, and certainly not without my knowledge or consent.
The New Zealand share market has continued its record-breaking run, with the NZX50 Index hitting its highest ever point.
New Zealand shares gained for a third day yesterday, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare rose to a record.
Investors in Genesis Energy, Mighty River Power and Meridian Energy were more than $600 million richer on paper at one point yesterday after their shares were boosted by National's decisive victory.
Investors in listed power companies appear to be betting the National Party will retain the government benches at Saturday's general election.
Analysts have mixed views on the outlook for the upcoming earnings season as some of NZ's biggest and most widely held firms prepare to report their annual results.