AUS
NZ
UK
CA
USA
IND
Highlights
- New Zealand Oil and Gas announces revenue increase in the quarterly report.
- 25%VVFPA agreed upon by NZ Windfarms Limited.
- Genesis Energy joins hands with Contact Energy for long-term electricity arrangement.
New Zealand Oil and Gas Limited (NZX:NZO)
This Company offers deep-water acreage and exploration services in the country, besides other countries such as Australia and Indonesia. Recently, in its quarterly cash flow and activities report, it was found that revenue went up by NZ$1.5 million since the last quarter, while the crude oil production was up by 47%.
On 16 August 2021, New Zealand Oil and Gas Limited traded at NZ$0.420, up by 1.20% at the time of writing.
The New Zealand Refining Company Limited (NZX:NZR)
As recently announced, the annual results for the Company for the period ended 30 June 2021 will be announced on 19 August 2021. In July 2021, Director Riccardo Cavallo had announced his resignation from the role for taking up another role out of Australasia. He has been associated with the organisation for over 4 years.
On 16 August 2021, The New Zealand Refining Company Limited traded at NZ$0.840, down by 2.33% at the time of writing.
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NZ Windfarms Limited (NZX:NWF)
This windfarm operator is responsible for a major contribution towards wind energy generated in the country. Its windfarm runs 92 turbines, which supply power energy to as many as 16,000 homes. In a recent announcement, the Company has agreed to a 25% VVFPA for the production that it shall accomplish between 1 October 2021 and 30 June 2023.
On 16 August 2021, NZ Windfarms Limited traded at NZ$0.275 flat at the time of writing.
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Z Energy Limited (NZX:ZEL) (ASX:ZEL)
Recently the Company shared its fuel demand presentation which laid out different aspects of transport tasks ahead of the Company, analysing fuel consumption, size of the task, plan of action for achieving the goal and everything in between. In a separate announcement, the Company said that it appreciated the shareholders’ decision to vote in favour of the Marsden Point Site being made a full-fledged import terminal for fuel.
On 16 August 2021, Z Energy Limited traded at NZ$3.030, down by 0.33% at the time of writing.
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Genesis Energy Limited (NZX:GNE) (ASX:GNE)
This Company deals in LPG, electricity, and reticulated Natural Gas. Recently, the Company has reached an agreement with Contact Energy Limited for the supply of renewable electricity for a period of 15 years commencing from 2025. In this, Genesis shall be entitled to about 62.5MG of electricity which will amount to approximately 41% of the capacity of the Tauhara power station.
On 16 August 2021, Genesis Energy Limited traded at NZ$3.330, down by 1.19% at the time of writing.
Bottom Line
With several energy goals set for the upcoming years, most energy and acreage companies are trying to increase production through the means of agreements and working together. It remains to be seen whether the green goals set by the country can be achieved through these efforts in the near future or not.
