As part of a collaboration between Indonesia's Ministry of Energy and Mineral Resources (EDSM) with New Zealand's Ministry of Foreign Affairs and Trade (MFAT), the University of Auckland will host 23 Indonesians for a Geothermal Project Management Course for the next 4 weeks.
Mar 13, 2018 - The new system will help in power production and extend the life of solar panels. To help companies establish new energy sources for their operations, Thailand-based Siam Cement Group (SCG) has developed a solar energy generating system that will stay afloat in reservoirs. These reservoirs supply mostly to factories that are located in Thailand’s flat central region.
Feb 2, 2018 - The BusinessNZ Energy Council (BEC) is delighted with the appointment of Bennet Tucker from Transpower, a member of the New Zealand Young Energy Professionals Network, to the WEC board for global future energy leaders, the FEL-100. BEC Chair Hon David Caygill says the appointment to this exclusive group of 100 future global energy leaders is in recognition of Bennet’s outstanding contribution since his appointment to the FEL-100 last year and the value of New Zealand’s contribution to the WEC and its work programme.
Jan 18, 2018 - Our future selves might look back and wonder how we ever handled having just plain old glass in our windows. Curtains or blinds might get the flick in favor of a variety of smart windows that can tint themselves or turn opaque on command, and now a team of German engineers has demonstrated a new design. Dubbed Large-Area Fluidic Windows (LaWin), the system uses iron particles suspended in liquid to block sunlight at different levels and harvest heat energy from the Sun.
Dec 20, 2017 - The New Zealand Ministry of Foreign Affairs and Trade has today released a video calling for international action against the US$425 billion annual spend on fossil fuel subsidies.
“Many countries have made political commitments to reduce these harmful subsidies, but progress has been too slow,” warns Vangelis Vitalis, Deputy Secretary, New Zealand Ministry of Foreign Affairs and Trade.
“We believe that a solution for addressing this lack of action is to drive enforceable change through the World Trade Organisation (WTO).”
Last week New Zealand’s Minister for Trade and Export Growth, David Parker, presented this proposal to the WTO at its Ministerial Conference in Buenos Aires, Argentina. A total of 11 other WTO members also gave their support.
“The WTO is the one global institution that legally binds all of the major economies in the world. It's the only place where major economies can be held to account in an enforceable way,” says Mr Vitalis. “While most of the world’s biggest contributors to fossil fuel subsidies did not give their endorsement, and we know getting these WTO members over the line will be a challenge, we believe this is a challenge worth pursuing,” says Mr Vitalis.
View the Ministry of Foreign Affairs and Trade’s short film entitled “425 billion reasons for change”, or read its long-form feature on the issue here.
Nov 29, 2017 - Executive Director of the Sustainable Business Council, Abbie Reynolds, says climate change could be the greatest economic disruption in our lifetimes and the largest driver of innovation since World War Two. The Sustainable Business Council has this morning publicly released its submission to the Productivity Commission on the transition to a low emissions economy.
Abbie Reynolds says leading Kiwi businesses are increasingly putting climate change at the centre of their strategy and business models. They see the transition to a low emissions economy as one of the biggest business opportunity in the foreseeable future.
"International research estimates work to meet the UN’s Sustainable Development Goals could unlock new markets worth US $12 trillion and 380 million new jobs. We need to change the conversation - and talk about the innovations and opportunities emerging in New Zealand, like solar energy, battery storage and electric vehicles. We need to galvanise action and innovation, and the current narrative doesn’t inspire that."
"Many Sustainable Business Council members know there can be no more business as usual. Climate change is a global issue already affecting business in New Zealand directly through increasingly extreme weather events, and indirectly through divestment away from fossil fuels."
Our members want to see a national dialogue on the transition and what it will mean. SBC believes a successful transition is underpinned by cross-sector collaboration between businesses, government, academia and the community. Collaboration, open dialogue and transparent data and analysis will be critical to shaping a successful framework of policies, incentives, financing mechanisms and market initiatives.
The path to a low emissions economy needs to be co-designed and therefore co-owned by all New Zealanders.
Our members are also looking for policy predictability. They want to see the discussion de-politicised, beyond the election cycle, so they can make the right investment decisions and changes.
"We need to be thoughtful about how we manage the transition. Emissions intensive sectors risk losing their competitiveness offshore, if they have to internalise the cost of carbon before their competitors."
"If New Zealand gets the transition right we stand to gain a holistic outcome that is in everyone’s long-term interests. We need a positive narrative that inspires action."
Nov 29, 2017 - New Zealand Energy Corp. ("NZEC" or the "Company") (TSX-V: NZ) announced today it has filed with Canadian regulatory authorities its third quarter 2017 financial results and management discussion and analysis, which documents are available on the Company's website at www.newzealandenergy.com and on SEDAR at www.sedar.com.
Reflecting on the direction of the Company after the third quarter 2017 results, Chairman James Willis said: “During the last quarter the results for the Company were adversely affected by a number of issues arising from equipment failures and unplanned maintenance. I look forward to a better production performance in the next quarter. We continue to make solid progress towards implementing the Waihapa enhanced oil project. Small but important steps, such as upgrades to the gas processing system (to restore full gas dehydration and measurement) have been completed. And arrangements to enable sales of non-specification gas are being finalised. It is an important project for the Company - the Board, our CEO Mike Adams and his team are focused on ensuring we continue to optimize the project (technically, operationally and financially) and on safely implementing the next redevelopment stage in Q1 2018.”.
Cash used in operating activities for the nine months was $104,829 (2016: $131,768) and for the quarter was $170,437 (2016: $84,143). The net loss for the nine months was $1,463,669 (2016: $2,886,458), of which $1,236,800 (2016: $1,741,293) was represented by non-cash items (depreciation, depletion and accretion). For the quarter, the net loss was $320,376 (2016: $1,126,194) of which $382,531 (2016: $523,198) was non-cash (depreciation, depletion and accretion). The Company achieved average net daily production of 206 boe/d (87% oil) for the nine months (2016: 231 boe/d (76% oil)); and for the quarter 106 boe/d (93% oil) compared to 150 boe/d (84% oil) during the third quarter of 2016.
| An New Zealand Energy Corp. release || November 29, 2017 ||
Nov 29, 2017 - Some overseas reports say petrol cars may be obsolete by 2026 but either way the massive switch to electric vehicles will be the biggest disruptive change to people’s lives in more than 100 years, NZTech chief executive Graeme Muller says.
As New Zealand’s 15,000 motor mechanics get ready for the exciting electric vehicle (EV) era, petrol cars will soon begin to phase out in the biggest change to transport in the modern era, Muller says.
“A couple of weeks ago, I was at a conference on digital transformation and a presenter showed a photo of Times Square in New York from 1900, complete with horses and carriages.
“Then we were shown the same view, in 1920 and not a horse to be seen. Something like 20 million horses were unemployed within 20 years. Last week, Stanford economist Tony Seba told APEC delegates in Wellington that this process has already started for cars.
“He believes the tipping point is here and no petrol vehicles will be built after 2025. Tony also believes that the number of cars will have decreased by 80 percent by 2030, with most of us opting to ride in an Uber style self-driving vehicle.
“I dropped my daughter off at school the other day and I was almost run over by a Tesla. We stepped out between two parked cars, heading towards the school gates, when this lovely looking car glided past.
“It didn’t make a sound. Instant car envy. It got me thinking about technology change. Before my daughter finishes school, I will no longer have to do the school run. Maybe one of those purring Tesla’s will collect her.”
According to Tony Seba, on current trends it will be cheaper to build a mid-range EV costing US$33,000 than a conventional car by 2019, and they would be cheaper than the average equivalent conventional small car by 2022.
The next step is embeddeing the technology into roads. This is being piloted in several countries including UK, Israel and Sweden. The technology, similar to that developed by Kiwi company PowerbyProxi which was recently purchased by Apple, allows wireless charging from the road to the car. This charge-as-you-drive system would overcome battery limitations.
“EVs will also play a crucial role in supporting the environmental sustainability of future transport. Helping to rid the environment of harmful fossil fuels, cutting down on air pollution emissions and providing not just a more convenient future, but a healthier one too,” Muller says.
“So consider the horse and car example, by 2037 if you look along Highway 1 in New Zealand the number of human driven petrol vehicles will have probably dropped substantially to about 1 in every 10 vehicles.
“The cost of insurance and enviro taxes making them too expensive for most people to run. It will be likely that many roadways in New Zealand will have embedded inductive charging systems allowing EV’s to travel and charge at low costs, and the majority of the population won’t own a car, instead choosing to “request” a vehicle when they need it.
“There will be more ride sharing, lower cost of transport, reduced environmental impact, more space on roads and easier parking.”
Nov 21 2017 - An Energy Research Strategy for New Zealand released this week by the National Energy Research Institute (NERI) is an important step toward securing a sustainable future for the country’s energy needs, says Victoria University of Wellington Vice-Provost (Research) Professor Kate McGrath. NERI is a consortium of research providers and other stakeholders in the energy sector, including Victoria, and works to stimulate, promote, coordinate and support high quality energy research and education in New Zealand.
Its strategy, launched at Victoria Business School by the Hon Dr Megan Woods, Minister of Energy and Resources and of Research, Science and Innovation, was developed in association with over 150 energy stakeholders in research organisations, businesses, industry associations and government agencies, with the aim of providing a framework to develop more detailed research programmes.
“The actions set out in the strategy are all within New Zealand’s grasp, given the necessary commitment and backing,” says Professor McGrath.
“Victoria is proud to be a research member of NERI and myself to be one of its trustees. Academics from across the University, including our computer scientists, Robinson Research Institute, School of Chemical and Physical Sciences and School of Architecture and Design, are conducting ground-breaking research to transform how the country’s energy is produced and used. This strategy gives them, other researchers around the country and those commissioning and funding research an important framework.”
The strategy highlights long-distance transport, both domestic and international, as one of the biggest medium-term issues facing New Zealand’s energy sector, noting that about half the country’s energy is used servicing transport needs and that long-distance transport uses the biggest share of that.
Given our physical isolation and distances to markets, long-distance transport is critical for trade and travel, says the strategy. But because it is fossil fuel intensive, it faces significant risks, with few simple alternative such as the electric vehicles available for short-distance transport.
Food and tourism export earnings are particularly vulnerable, says the strategy, with fossil fuels featuring large in their production and delivery.
However, says the strategy, there are opportunities to manage this risk.
Dr Nick Long, Director of the Robinson Research Institute, explores these and other opportunities in an article for the Newsroom website.
The Robinson Research Institute’s own research includes collaborating with international partners to develop the technology for long-range hybrid-electric aircraft and that for rapid electric vehicle charging.
Alongside transport, other key focus areas in the Energy Research Strategy are in industrial processing, electricity generation and distribution, and the residential sector.
Affordable and clean energy is the seventh of the United Nations’ 17 Sustainable Development Goals to be achieved by 2030.
Victoria was earlier this year the first New Zealand university to sign up to a new international initiative known as the University Commitment to the Sustainable Development Goals.
‘Enhancing the resilience and sustainability of our natural heritage and capital’ is one of Victoria’s areas of academic distinctiveness.
| A Victoria University release || November 17, 2017 |||
16 Nov 2017 - The International Energy Agency’s new forecast that demand for natural gas will increase 45% by 2040 is a major opportunity for New Zealand, says the Petroleum Exploration and Production Association of New Zealand (PEPANZ). “Global demand for natural gas is only going to grow because it has half the greenhouse emissions of coal. This means that producing and exporting it from New Zealand has the potential to be a win-win outcome for global emissions and for our economy,” says PEPANZ CEO Cameron Madgwick.
“The report clearly highlights the role natural gas can play in reducing emissions by replacing coal in industrial processes and power generation. This reinforces the need for new exploration and development of our natural resources, benefiting New Zealand and the world.
“Liquefied natural gas (LNG) is going to be a major growth industry and this is great news for New Zealand given our potential deposits.
“Much of the demand is likely to come from China, India and other Asian countries. Other nations are eager to meet this demand and by the mid-2020s the United States is projected to become the world’s largest LNG exporter.
“This is an export industry New Zealand can and should be a part of. It could mean more jobs, exports and earnings for the Government through royalties and taxes.
“Taranaki is the only region currently producing but we know other areas have great promise. The recent report by New Zealand Oil and Gas looked at the Barque prospect off the coast of Oamaru and predicted it could generate $32 billion in taxes and royalties for the Government over the life of the field.”
The International Energy Agency also forecasts that global oil demand will continue to grow to 2040. While fuel efficiency and electric vehicles will reduce use by passenger cars, other sectors such as trucks, planes and shipping will continue to drive demand.