ew Zealand Oil & Gas’s pursuit of a more diversified global portfolio will take an important step with the spudding of the Parit Minyak-2 well onshore in Sumatra, Indonesia in a little under a fortnight. NZOG has a 22.5 percent interest in the Kisaran block, in the prolifically productive central Sumatran region. The planned well, to which NZOG will contribute …

Former National Bank chairman John Anderson concluded Timaru businessman Allan Hubbard had misled investors in his tangled affairs, in a report written shortly before Hubbard’s death in a car accident in September 2011. The report by Anderson and Deloitte insolvency specialist Rod Pardington has been released after a 16 month wait that included an appeal to the Ombudsman’s Office, which …

Prime Minister John Key will visit Antarctica from 17 to 21 January to highlight New Zealand’s interests and activities in Antarctica and the Southern Ocean. Key will visit New Zealand science and environmental management programmes, view New Zealand’s historic hut conservation projects, and participate in a ceremony celebrating the installation of Maori artwork at Scott Base. “New Zealand has a history of ground-breaking exploration, scientific …