Latest Energy in New Zealand Stories
By WEIR, James OMV FACTS OMV NZ RESULTS * Earnings last year: $95.4m, up 147% * Turnover last year: $295.2m, up 130% OMV NZ INTERESTS: * 26% of Pohokura oil and gasfield. * 10% of Maui gasfield. * 69% of Maari oilfield, due to start production late 2008.
TARANAKI'S Pohokura gasfield has just had its reserves massively upgraded, making it New Zealand's biggest oil producer as well as its second-biggest gas producer.
By MAETZIG, Rob TARANAKI'S Pohokura gasfield has had its reserves upgraded -- meaning it is now not only the country's second- biggest gas producer, but the biggest oil producer as well.
Southern California Edison has begun construction of the Tehachapi Renewable Transmission Project in the US state of California.
- A volcanic mudflow.