Taranaki is a region in the west of New Zealand's North Island. It is named after its main geographical feature, the stratovolcano of Mount Taranaki, also known as Mount Egmont.
New Plymouth is the major city of the Taranaki region on the west coast of the North Island of New Zealand. It is named after the English city of Plymouth, Devon from where the first English settlers to New Plymouth migrated. The New Plymouth District, which includes New Plymouth City and several smaller towns, is the 10th largest district in New Zealand, and has a population of 87,700 – about two-thirds of the total population of the Taranaki Region and 1.7% of New Zealand's population. This includes New Plymouth City (58,500), Waitara (7,310), Inglewood (3,830), Ōakura (1,720), Ōkato (561) and Urenui (429).
Think Big was an interventionist state economic strategy of the Third National Government of New Zealand, promoted by the Prime Minister Robert Muldoon (1975–1984) and his National government in the early 1980s. The Think Big schemes saw the government borrow heavily overseas, running up a large external deficit, and using the funds for large-scale industrial projects. Petrochemical and energy related projects figured prominently, designed to utilise New Zealand's abundant natural gas to produce ammonia, urea fertiliser, methanol and petrol.
The Maui natural gas field is the largest gas, natural gas condensate and oil field in New Zealand, producing nearly three-quarters of the country's hydrocarbons, as well as providing energy for electricity generation. It is located in the Tasman Sea, 35 km off the coast of Taranaki and to the southwest of New Plymouth. It covers an area of 157 square kilometres and is located in 110 metres of water.
The Todd Corporation is a large private New Zealand company with a value of $4.3 billion, owned and controlled by the Todd family and headquartered in Wellington, New Zealand. The corporation is currently led by Board Chair, Nick Olson, and Group Chief Executive Officer, Evan Davies. The corporation employs 800 individuals at 10 locations in New Zealand, Australia, and Canada including four on the Executive team. The board of directors has seven members.
Petrocorp, formally the Petroleum Corporation of New Zealand Limited, is a former New Zealand state-owned enterprise that was formed in 1978. It was sold by the Fourth Labour government in 1988 to Fletcher Challenge and became the Fletcher Energy group.
Petroleum production in Canada is a major industry which is important to the economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil producer and fourth largest oil exporter. In 2019 it produced an average of 750,000 cubic metres per day (4.7 Mbbl/d) of crude oil and equivalent. Of that amount, 64% was upgraded from unconventional oil sands, and the remainder light crude oil, heavy crude oil and natural-gas condensate. Most of the Canadian petroleum production is exported, approximately 600,000 cubic metres per day (3.8 Mbbl/d) in 2019, with 98% of the exports going to the United States. Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015.
Moturoa is a coastal suburb of New Plymouth, in the western North Island of New Zealand. It is located to the west of the city centre, bordering Port Taranaki and the Sugar Loaf Islands. One of the islands, Moturoa, the largest, shares its name with the suburb.
Despite abundant natural resources and a relatively small population, New Zealand is a net importer of energy, in the form of petroleum products. The ratio of non-renewable and renewable energy sources was fairly consistent from 1975 to 2008, with about 70 per cent of primary energy supply coming from hydrocarbon fuels. This ratio decreased to about 60 per cent in 2018. The proportion of non-renewable energy varies annually, depending on water flows into hydro-electricity lakes and demand for energy. In 2018, approximately 60% of primary energy was from non-renewable hydrocarbon fuels and 40% was from renewable sources. In 2007 energy consumption per capita was 120 gigajoules. Per capita energy consumption had increased 8 per cent since 1998. New Zealand uses more energy per capita than 17 of 30 OECD countries. New Zealand is one of 13 OECD countries that does not operate nuclear power stations.
The New Plymouth Power Station (NPPS) was a 600 MW thermal power station at New Plymouth, New Zealand. Located at Port Taranaki, it was dual fuelled on natural gas and fuel oil. Constructed at a time of major hydro and HV transmission developments, it was New Zealand's first big thermal power station planned for continuous base load operation.
Petroleum has been a major industry in the United States since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania, in 1859. The industry includes exploration, production, processing (refining), transportation, and marketing of natural gas and petroleum products. In 2018, the U.S. became the world's largest crude oil producer, producing 15% of global crude oil, surpassing Russia and Saudi Arabia. The leading oil-producing area in the United States in 2019 was Texas, followed by the offshore federal zone of the Gulf of Mexico, North Dakota and New Mexico. In 2020, the top five U.S. oil-producing states were Texas (43%), North Dakota (10.4%), New Mexico (9.2%), Oklahoma (4.1%), and Colorado (4.0%).
The petroleum industry in Western Australia is the largest contributor to the country's petroleum exports. Western Australia's North West Shelf (NWS) is the primary location from which production originates. Oil exports are shipped from Port Hedland.
Mining in New Zealand began when the Māori quarried rock such as argillite in times prior to European colonisation. Mining by Europeans began in the latter half of the 19th century.
Greymouth Petroleum is an energy company in New Zealand, established in 2002. It owns gas and oil fields, principally in onshore Taranaki, including Kowhai and Turangi in the north of the basin, and smaller fields such as Ngatoro and Kaimiro to the south, mainly delivering gas into industrial customers served by the Maui pipeline as well as Methanex locally. In 2002 it acquired the Kaimiro and Ngatoro fields from Shell Energy. In 2008 it acquired the New Zealand assets of Swift Energy. In 2018, it lodged a court challenge to the New Zealand government's ban on issuing new offshore oil and gas exploration permits.
TAG Oil is a Canadian-based oil and gas company headquartered in Vancouver, Canada, and traded on the TSX Venture Exchange under trading symbol “TAO”. TAG production and exploration activities are located in the Taranaki basin of New Zealand.
The Taranaki Basin is an onshore-offshore Cretaceous rift basin on the West Coast of New Zealand. Development of rifting was the result of extensional stresses during the breakup of Gondwanaland. The basin later underwent fore-arc and intra-arc basin development, due to the subduction of the Pacific Plate under the Australian Plate at the Hikurangi Subduction System. The basin covers approximately 100,000 km2 of which the majority is offshore. The basin contains mostly marine sediment, with significant terrestrial sediment from the Late Cretaceous to the Eocene. The majority of New Zealand's oil and gas production occurs within the basin, with over 400 wells and approximately 20 oil and gas fields being drilled.
First Gas Limited is a natural gas transmission and distribution company in New Zealand. First Gas's network has 2,204 km of high pressure pipelines and 4,800 km of gas distribution pipelines. Through Flex Gas, First Gas owns and operates the Ahuroa Gas Storage Facility.
Kapuni is an onshore natural gas-condensate field located in the Taranaki Basin, a ~100,000 km2 partially-inverted rift basin on the Taranaki Peninsula in the North Island, New Zealand. Discovered in 1959 and brought into production in 1970, Kapuni remained New Zealand's only producing gas-condensate field until the offshore Maui gas field began production in 1979.
The Tui oil field is an oil reservoir located 50 kilometres (31 mi) off the west coast of Taranaki, New Zealand. Tui is the sixth largest crude oil field in New Zealand with total reserves of 41 million barrels. Remaining reserves as at January 2018 was 1 million barrels. Oil is produced from the Tui, Amokura and Pateke wellheads on the seabed in approximately 120m of water. These wells are connected to the Umuroa, a floating production storage and offloading vessel.
Manufacturing in New Zealand contributed $23 billion (12%) of the country's gross domestic product and directly employed 241,000 people in 2017, while manufactured goods made up 52% of the country's exports by value. The food and beverage subsector alone contributed 32% of manufacturing's GDP and 71% of exports.
