Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Energy Quarterly: Oil production, exports return to trend

Media release

19 June 2014

Oil production, exports return to trend; Renewable electricity generation 79%

The Ministry of Business, Innovation and Employment today released the March quarter 2014 edition of the New Zealand Energy Quarterly.

The report contains the Ministry’s latest data and analysis of energy supply and demand.

“In the March quarter 2014 oil production returned to trend with the Maari field returning to full production,” says Bryan Field, MBIE’s Manager of Modelling & Sector Trends.

Despite being shut down for maintenance for several months, Maari remained New Zealand’s second largest oil producing field in 2013, producing an average of 5,300 barrels per day of high quality crude oil.

“Renewable electricity generation also featured strongly in the March quarter 2014, generating 79% of New Zealand’s electricity.

“The share of electricity generated from renewable energy in the March quarter 2014 was higher than the previous March quarter value of 73%. This was due to more normal hydro inflows in the March quarter 2014, and some new geothermal electricity plants being commissioned,” Mr Field says.

The New Zealand Energy Quarterly report is available from the Ministry’s Economic Development website at: http://www.med.govt.nz/sectors-industries/energy/energy-modelling/publications/new-zealand-energy-quarterly. Detailed data tables are also available on the same website at:http://www.med.govt.nz/sectors-industries/energy/energy-modelling/data.

[ends]


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Half Empty: Dairy Product Prices Drop To Lowest Since December 2012

Dairy product prices fell to the lowest level since December 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and anhydrous milk fat. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news