New ZeAland Oil & Gas, Ltd
Gas in Auckland
www.nzog.com
Address
. Auckland, Auckland.Are you the owner or manager of this company?
What you should know about New ZeAland Oil & Gas, Ltd
The starting point for our activity is that the energy we produce helps to power New Zealand and the world. Clean and efficient natural gas from Kupe powers hot showers, cooks dinners and warms homes around the North Island of New Zealand. Oil from our Kupe and Tui interests in South Taranaki produces export revenue and royalties for the New Zealand government that help to pay for schools, hospitals and other services. We are the only oil and gas company on the New Zealand stock exchange, with around 13,00 shareholders.
Natural gas, which forms the greatest part of our production, is a much cleaner, lower carbon energy source than coal. Switching from coal to gas is one of the most effective ways the global economy can reduce carbon emissions. Natural gas fits the bill and helps to make the transition to renewables that will take place over coming decades. Throughout this year, New Zealand Oil Gas maintained a commitment to working safely and sustainably, and to building strong relationships in our community.
During 2015 and 2016, global oversupply caused significantly lower prices in the oil and gas industry. We are holding ourselves accountable by introducing materiality reporting in this report. Community panels in the South Island and Taranaki, have begun to operate fully as a conduit between the company and our wider social context. Membership is diverse and panel members bring their wide networks and their own skills and values.
The panels enable us to understand more about community expectations, as well as helping to guide our social investment. They are a constructive channel through which we can understand a range of perspectives. With our backing the Dinosaur Footprints exhibition was visited by more than five per cent of New Zealanders as it travelled throughout regional areas. We believe it’s possible to be a responsible and ethical oil and gas company that lives the shared values of our community while we deliver returns for our shareholders
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