New Zealand has passed new laws on offshore decommissioning
Jadestone still not over the line in New Zealand
The independent continues to face regulatory hurdles to its acquisition of the Maari project
Singapore-based independent Jadestone Energy’s acquisition of the Maari oil project in New Zealand continues to drag on, more than two years after the initial deal was signed. Jadestone has excluded Maari’s projected 4,500-4,700bl/d average output from its production guidance for this year “pending further clarity on the timing of closing the acquisition”. The independent agreed to buy a 69pc operated stake in the project from the New Zealand subsidiary of Austria’s OMV back in November 2019 for $50mn. “Jadestone and OMV both [remain] committed to the Maari transaction, [and] we are ready to work with the government to expedite the completion of this deal,” the Singapore-based firm says. New
Also in this section
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
