To encourage the government's plans to close a budget shortage by selling resources, Meridian Energy Ltd. rose on introduction in New Zealand's largest privatization.
David Robinson, chief executive at Petroleum Exploration and Production Association New Zealand (PEPANZ), labelled the claims by the Greenpeace's oil pollution maps as the science fiction.
As per the information posted on the website, big oil companies are only been given drilling rights in the oceans near the New Zealand. Texan Oil Company Anadarko is planning to start deep sea exploratory drilling this summer off our coasts.
According to a new forecast from the Energy Information Agency (EIA), the current plunge in US gasoline prices will continue for the remaining part of 2013; with the average cost of one gallon of gas in the country likely to fall to $3.15 by Christmas.
The Auditor-General is called by the opposition parties to inspect that how Solid Energy has landed in such an enormous mess.
An after-tax loss of more than $335 million dollars for the 12 months ending June has been reported by the state-owned mining company.
The state-owned coal miner is in debt of $381 million and is discussing with its bankers to make an effort in securing a deal to decrease it.
After a diesel spill that polluted the water supply of the town, more than 1,000 residents of a small North Island town are living without water from weeks.
An unknown quantity of diesel leaked from a tank at the Turoa ski field base on Mt Ruapehu, thereby moving into the stream of Makotuku. This was said by the Department of Conservation.
According to latest report, government is offering an amount of $155 million to improve the conditions of the struggling Solid Energy.
Good News USA
- Vodafone NZ’s new ‘Red Home’ packages will offer UFB and 150 TV channels
- Vodafone NZ’s full-year profit plunged by more than two-thirds to $56 million
- Vodafone adding 34 European countries to ‘AU$5 per day’ international roaming option
- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki