Tag Archives: Oil & Gas

Extra oil imports are organised to avoid disruption from NZ Refining strike action

Oil companies are forging ahead with a contingency plan to import more fuels into the country to minimise disruption if planned industrial action at New Zealand Refining goes ahead next month. BP external relations manager Jonathan Mills, speaking on behalf of the industry, said they were currently assessing how much fuel across all grades is being held in storage at the refinery, on …

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NZ Refining says proposed strike in October could cost $8-$9M in fees

New Zealand Refining, the nation’s only oil refinery, said two unions representing 160 of its workers, or about half its workforce, have served notice of a two-day strike next month, a move that could result in $8 million to $9 million of lost processing fees. First Union and the New Zealand Engineering, Printing and Manufacturing Union gave notice of strike action covering …

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Petrobras dumps NZ deep sea oil permits

Brazilian oil company Petrobras is to hand back exploration licences it holds for deep sea oil and gas prospects in the Raukumara Basin, off East Cape, in what appears a reaction to a string of difficulties which have seen the global scale oil major report losses for the first time in 13 years. Prime Minister John Key told reporters for …

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