New Zealand Oil & Gas has agreed to acquire interests in three offshore Taranaki permits from ASX-listed Octanex for US$12.5 million plus a share of seismic costs. The company will pay US$12.5 million for a 12.5 percent interest in PE51906 which holds the Makatu prospect and is expected to be drilled in the second half of next year. Octanex will …

Revenue Minister Peter Dunne has launched two new tax scholarships named after Robin Oliver, a leading light in New Zealand tax policy in recent decades. Dunne said the scholarships will benefit New Zealand and its economy by supporting continued high quality tax policy. The Tax Policy Scholarship Award and the Tax Policy Lecture Visit will jointly be known as the Robin …

Fonterra Cooperative Group priced its units at $5.50 apiece, the top end of the range proposed in a bookbuild, with strong global demand ensuring 42 percent of the fund has been sold to overseas investors. Units in the $525 million Fonterra Shareholders’ Fund are scheduled to begin trading on the NZX at noon on Friday, giving liquidity to the Trading …