Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Swain emphasises the positive in meeting with OPEC

Tuesday, 26 February 2002 Media Statement

Swain emphasises the positive in meeting with OPEC Secretary General

Associate Energy Minister Paul Swain has welcomed OPEC Secretary General Dr Ali Rodriguez-Araque to New Zealand for the New Zealand Petroleum Conference this week.

Paul Swain met with Dr Rodriguez-Araque in Auckland last night. He said it’s a great honour to have the OPEC Secretary General in New Zealand and he looked forward to strong relations with OPEC countries.

In his address to the Petroleum Conference Paul Swain said the exploration future looked bright for New Zealand.

“I am particularly excited by petroleum exploration developments in Taranaki,” Paul Swain said, “we have come on in leaps and bounds in the two years since I last addressed this conference in Christchurch.

“At the 2000 conference I congratulated Swift Energy, Marabella Enterprises and Antrim Oil and Gas on the potential of the Rimu discovery. Now just two years later, I have granted a mining permit over Rimu and this discovery is about to come on stream. Swift, via a recent asset purchase, has gone from being a new entrant in New Zealand to a company with significant producing assets.

“And in 2000 I talked about the exciting new Pohokura discovery, today we are hearing about development options costing up to $900 million with the first gas expected ashore in January 2005.

“Right now the industry is enjoying remarkable success. The upturn in drilling activity over the last few years has given way to a number of commercial discoveries. When brought into production these latest discoveries will double New Zealand’s remaining reserves of oil and condensate to over 200 million barrels.

“And for the first time New Zealand has ranked in the top 20 most attractive countries for petroleum exploration in the IHS Energy Group’s country survey. Since 1999 New Zealand has jumped 20 places to be 17th out of 103 countries.

“At the conference I touched on two issues of concern to the industry – Kyoto and Oceans Policy.

“Policy development on these issues is being done in extensive consultation with the industry.

“I emphasised to the companies and individuals gathered there that it is imperative that the government receives robust submissions from them so that industry views are taken into account as the government develops policy in this area,” Paul Swain said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news