Oil giant Shell today announced that it had finished offloading shares in its New Zealand business to Austrian oil company OMV.

Written by David McPhee – 28/12/2018 7:19 am

The £456m sale includes Shell’s interest in the Maui, Pohokura, and Tank Farm assets, and operatorship of the Great South Basin venture, which was subject to a separate agreement.

Shell said the deal was part of the firm’s effort to simplify its portfolio.

The company also confirmed that employees of Shell Taranaki and Shell NZ 2011 are now part of OMV New Zealand.

Zoe Yujnovich, Shell’s vice president in Australia and New Zealand, said: “We are proud of having worked in New Zealand for more than 100 years and completion of the sale to OMV marks an important milestone in the company’s history. read more

Shell to exit New Zealand after more than 100 years: Financial Times 16 March 2018

Royal Dutch Shell is quitting New Zealand after more than 100 years: Verdict 16 March 2018

Shell pares New Zealand portfolio with $578M asset sale: Seeking Alpha 15 March 2018

Shell to sell remaining NZ assets to OMV for US$578 million: Scoop 16 March 2018

Shell close to easing out Petronas to clinch Hong Kong’s LNG import deal: THEStarONLINE Friday 16March 2018

Royal Dutch Shell boss handed €900,000 pay rise – to an annual package of around €9m: Independent.ie 15 March 2018

Shell CEO’s pay in 2017 rises to 8.9 million euros: Reuters 15 March 2018

Royal Dutch Shell boss handed near-£800,000 pay rise read more

MOSCOW, October 9 (RIA Novosti) – Oil and gas giant Shell and its New Zealand partner firm Todd Energy were accused of unlawful offshore drilling in New Zealand, but managed to evade court prosecution and only received a warning letter, New Zealand News UK reports.

According to the Environmental Protection Authority (EPA), Shell Todd Oil Services (STOS) violated the law while carrying out drilling in the Maui oil and gas field without prior approval. Maui is the largest and the most important of New Zealand’s gas and oil fields. To legally carry out drilling activities in the area, companies need to apply for a special resolution or marine permission from the EPA, according to new regulations. read more

Jan 7 (Reuters) – Royal Dutch Shell, Austria’s OMV and Japan’s Mitsui will drill an exploration well off New Zealand’s southeast coast, becoming the latest group to search for natural gas in the country’s largely untapped deepwater basins.

WELLINGTON Tue Jan 7, 2014 1:13am EST

Jan 7 (Reuters) – Royal Dutch Shell, Austria’s OMV and Japan’s Mitsui will drill an exploration well off New Zealand’s southeast coast, becoming the latest group to search for natural gas in the country’s largely untapped deepwater basins.

The Shell-led project would follow a programme by Anadarko Petroleum of the United States to drill two deepwater wildcat wells in New Zealand this year in a joint venture with Australia’s Origin Energy Ltd. read more

4 December 2013

Spokespersons for Shell New Zealand and Todd Energy have declined to comment on a non-payment dispute showing up in a report to the Companies Office.

3 August 2012

The joint owners of some of New Zealand’s largest oil and gas fields, Shell New Zealand and Todd Energy, are in dispute over non-payment for services provided for work on the Maui, Pohokura, and Kapuni fields.

Companies Office records show Shell Todd Oil Services (STOS) was carrying a contingent liability at December 31 for an unresolved dispute relating to work programmes and budgets for all three fields.

The notes say these have “not been approved and accordingly some JV parties have declined to pay cash calls relating to aspects of the SIEP (Shell International Exploration and Production) charges”. read more

February 28, 2012|By Chris Klint | Channel 2 News

ANCHORAGE, Alaska — Shell Oil is requesting a temporary restraining order against Greenpeace to protect its planned offshore drilling operations in the Beaufort and Chukchi seas, after protesters with the environmental group delayed the departure of a crucial drillship from a New Zealand port Thursday.

According to documents filed Monday in U.S. District Court in Anchorage, Shell claims the order is necessary to protect its personnel and equipment drilling wells on the Outer Continental Shelf this summer, as well as to prevent Greenpeace from violating state and federal laws. read more

Business.Scoop

Edited by JONATHAN UNDERHILL & PATRICK SMELLIE

Auckland, Monday 17th October, 2011. This morning Greenpeace activists held a legal protest outside Port Taranaki against a ship that is due to depart imminently to start exploring for deep sea oil – the new frontier of oil development off New Zealand’s shores.

There was a heavy police presence at the port overnight and this morning – to protect the controversial ship, Polarcus Alima, which arrived in Taranaki this morning. It is due to leave shortly to start exploring for oil off Raglan at depths of up to 1600 metres, on behalf of US oil giant Anadarko (1). read more

Multinational Shell "colluded" with Austrian oil company OMV by restricting the gas and oil they allowed to be produced from the Pohokura gas field in competition with gas from the Maui field, in which Shell holds a major stake, the Todd family claimed on Monday.

WELLINGTON (Dow Jones)--Shell New Zealand Ltd., a unit of Royal Dutch Shell Group (RD), has appointed UBS AG to help it sell the bulk of its downstream assets in the country, a spokeswoman said Tuesday.

May 12 (Bloomberg) -- Royal Dutch Shell Plc., Europe’s biggest oil company, is seeking expressions of interest for most of its New Zealand downstream operations including fuel retailing and its stake in the nation’s only refinery.

Shell's Fuel Economy Formula, a fuel additive it claims gives better economy than untreated fuel, went on sale in 2006. Its advertising campaign said it was "designed to take you further". But after a 2 -year investigation, the commission has decided to charge Shell with breaches of the Fair Trading Act. It says the advertisements were misleading.

Rocketing profits reported this week by oil giants Royal Dutch Shell and BP have been met with anger and incredulity around the globe.

The Commerce Commission has cleared Shell NZ to acquire 48 unattended aviation fuel stops at 34 local and regional airfields from Mobil Oil NZ.

Multinational Shell has emerged victorious from New Zealand's longest-running insider trading case, but still faces legal bills in excess of $10 million and the prospect of appeal.

New Zealand's oil and condensate reserves jumped 53 percent last year, buoyed by the development of the nation's offshore Tui oil field and completion of Royal Dutch Shell Plc's Pohokura project.