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Kiwis could face costly summer at pump
A deal to cut oil production overseas is expected to make the summer road trip more expensive.
A deal to cut oil production overseas is expected to make the summer road trip more expensive.
The New Zealand dollar was little changed against the greenback ahead of US non-farm payrolls tonight.
The New Zealand dollar fell below 71 US cents after stronger-than-expected private payrolls.
WATCH: Meet the finalists of this year's Deloitte Top 200 Company of the Year Award.
There is no risk of oil leaking into the sea off Taranaki due to a crack in the Maari oil platform.
New Zealand retail sales rose in the third quarter, led by increased spending on vehicles and fuel.
Genesis Energy will buy New Zealand Oil & Gas's stake in the Kupe gas and oil field for $168 million.
Profit rose to $82 million in the six months ended September 30, from $67m a year earlier.
Japanese lawmakers are revisiting a plan to build a $6.7 billion natural gas pipeline from Russia ahead of a visit by President Vladimir Putin.
Lower oil prices, increased carbon costs and a "below market" contract with Tiwai Point will weigh on Genesis Energy's earnings.
Norway's Statoil has abandoned its hunt for oil off Northland after finding no traces hydrocarbons.
Contact Energy's near-term focus was reducing debt, to ensure it maintains its investment grade status from credit rating agency Standard & Poor's.
BP has spilled hundreds of barrels of oil in the North Sea, in a leak from its Clair platform.
As consultation opens on an oil and gas drilling plan, some city councillors are now questioning if the Government will listen to what they say.
Oil prices tumbled on signs that Saudi Arabia and Iran continue to disagree over output limits ahead.
Seabed mining is back in the spotlight as Trans Tasman Resources submits second application for consent to mine off the South Taranaki coast.
A company founded in New Zealand has produced large quantities of biofuel from industrial waste gases for Virgin Atlantic in what is being hailed as a breakthrough for low carbon fuel.
An oil glut is predicted into 2017 as supply outpaces demand with U.S. stocks slipping
Falling demand - not an oil shortage - will create the energy industry's next revolution.
The Government is defending its oil exploration programme against claims that it is dying.
The cash-poor state can do only so much to shore up its sinking coasts.
Oil has been on a bull run after months in the doldrums, pushing up prices at the pump.
Motorists face higher costs as petrol edges up in response to higher global oil prices although prices could fall quickly due to weak demand.
Opus International Consultants sank into the red in the first half after writing down the value of its Australian and Canadian businesses.
Wall Street's losses were mitigated by continued gains in oil prices, the Nasdaq inched up for second record high.
Wall Street rose to records as shares of Macy's and Kohl's rallied, while oil prices gained.
Wall Street fell as energy stocks moved lower with the price of oil amid fresh signs of an unabated global glut.
Wall Street was mixed along with the latest US economic data, while oil prices moved lower as did the greenback.
Investors in New Zealand Oil & Gas are pressing the company to resume paying dividends now that it is profitable again.
Z Energy is moving away from supermarket docket discounts to instant savings for Fly Buys members.