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

 

Period of Restricted Maui Gas Availability in Nov.

MAUI DEVELOPMENT LIMITED

Media Statement
For Immediate Release
31 October 2003


Period of Restricted Maui Gas Availability in November

Maui Development Limited today advised of a period of restricted Maui gas availability in late November.

“The Crown, as the contractual buyer of Maui gas, has been fully informed of these restrictions, and the timing has been moved so that it does not clash with a planned outage of the Cook Strait HVDC cable,” MDL spokesman Simon King said today.

“The restrictions are necessary to complete a mandatory internal inspection of a gas processing vessel on the Maui A platform.

“As a result, Maui B will be shut-in for approximately seven days from 22 November, and Maui A will only be capable of producing about 60% (200 terajoules per day) of current Maui offtake during this period - however, this rate is still close to the contractual Maximum Daily Quantity under the Maui Gas Contract.”

“MDL's operator, Shell Todd Oil Services will be endeavouring to reduce the period of seven days if at all possible, and minimise the impact on the purchasers of Maui gas, all of whom have been advised of the restriction,” Mr King said.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>