Estimated oil flows from the offshore Tui field in Taranaki have been upgraded for a second time and are almost double the estimate a year ago at 50.1 million barrels.
Oil giant ExxonMobil has rejected industry speculation it was considering bringing forward its timetable for oil and gas exploration in the frontier Great South Basin (GSB) in the Southern Ocean.
Port Otago watersiders have given a fortnight's notice of strike action following an impasse over pay talks - in what would be their first major strike action at Port Chalmers for about 21 years.
The woes of Australian investment company Babcock and Brown will not affect its $43 million stake in the Jacks Point and Henley Downs subdivision near Queenstown.
Junior explorer Glass Earth Gold has begun its first test drilling programme in Otago - part of a $3 million one-year commitment to the region - following completion of an earlier $4 million aerial survey.
As global oil prices ease away from a record almost $US140 ($NZ186) per barrel struck on Monday, Taranaki offshore producer New Zealand Oil and Gas is in good position to widen exploration activity, research by brokers ABN Amro Craigs reveals.
Sales of listed Dunedin biotech company Botry Zen have increased more than 450% to $342,000 and it has clawed back its losses from $1.6 million last year to a $1.22 million loss this year, but at the cost of an expanding overdraft facility.
Farm prices have leapt to a second consecutive month of record prices "seemingly oblivious" to the weakening economy and "the sorry state of the residential market", Real Estate Institute of New Zealand rural spokesman Peter McDonald said yesterday.
Manufacturing volumes were up just 0.2% for the first quarter of the year - compared to 3.4% for the previous quarter - with the latest result underpinned 13% by the dairy and meat sector contribution.
Private Dunedin company Skeggs Group has paid $17.3 million for the Milford Sound assets of listed Tourism Holdings Ltd (THL), including its high-profile Red Boats passenger service.
The recently signed Free Trade Agreement with China offers vast opportunities for New Zealand businesses, but those opportunities need to be navigated within an extremely complex business environment.
The Otago Regional Council has rejected a suggestion Port Otago sell its 15.5% stake in rival Lyttelton Port Company, worth about $35 million, in preferance to borrowing $37.5 million to fund Dunedin's proposed stadium.
Fisher and Paykel Appliances' planned 40-person global call centre is due to begin operating in April next year.
Cadbury Confectionery says it is not contemplating a restructuring of its Dunedin plant, rejecting recent speculation about the company's future in the city.
Ratepayers contributions to the $188 million Awatea St stadium could be slashed by almost $37 million if Port Otago's contentious 15.5% stake in rival Lyttelton Port Company (LPC) was sold.
The need to stockpile Dish-Drawer units for Fisher and Paykel Appliances' planned manufacturing move to Mexico has prompted the introduction of a night shift beginning at the plant within a fortnight.
Sixty southern business people attended day two of the Ministry of Foreign Affairs and Trade roadshow visiting Dunedin to outline trading opportunities with China, which included case studies from Dunedin companies.
Consumers will be bearing the brunt of the weakening of the New Zealand dollar - down 3c during the past fortnight against the US greenback - with increasing pressure on retail costs of imported goods and fuel.
Rural service company PGG Wrightson's shares have enjoyed a stellar run of almost three months on the back of positive agricultural news, largely from the dairy sector.
More than 130 registrations were taken for the two-day seminars and workshops being run for southern businesses interested in pursuing opportunities in China following April's Free Trade Agreement (FTA).