Genesis Energy Company News

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Genesis, Murphy Team up in GOM
Thursday, December 12, 2019 Genesis Energy is partnering with Murphy E&P and other interest owners to provide downstream transportation services in the Gulf of Mexico.

NZOG Reports 15.3% Rise in Developed Reserves in Kupe Field Off Taranaki
Thursday, April 21, 2016 New Zealand Oil & Gas reports a 15.29 percent rise in developed reserves in the Kupe oil and gas field off Taranaki, New Zealand.

Genesis Energy Upgrades O&G Reserves at Kupe Field Offshore Taranaki
Wednesday, December 09, 2015 Genesis Energy upgrades its developed reserves in the Kupe oil and gas field offshore New Zealand's south Taranaki coast.

Genesis Buys Enterprise Offshore Pipelines for $1.5 Billion
Thursday, July 16, 2015 Genesis Energy agrees to buy the offshore Gulf of Mexico pipeline and service business of Enterprise Products Partners LP for about $1.5 billion in cash.

Enterprise, Genesis to Jointly Build GOM Pipeline
Wednesday, January 04, 2012 Enterprise and Genesis have executed crude oil transportation agreements with a consortium of 6 GOM producers which will provide the necessary support for construction of a new crude oil gathering pipeline serving the Lucius development.

Origin Turns on Taps at Kupe Gas Project Off NZ
Friday, December 04, 2009 Commissioning of the Kupe facilities has commenced with the wells being opened and the first gas and liquids being piped ashore New Zealand.

Origin Eyes Kupe Start Up in Fourth Quarter
Friday, June 12, 2009 Origin expects to bring the first raw gas from the Kupe field, offshore New Zealand, in the fourth quarter of this year.

TAG Oil Trims Cheal Reserves, Closes Cardiff Sale in New Zealand
Monday, February 16, 2009 TAG Oil has received the results from the interim independent reserves review on its 30.5% interest in the Cheal Oil Pool, onshore NZ's Taranaki Basin.

Kupe Gas Project over 85% Complete, Focus Now Onshore
Monday, December 01, 2008 The Kupe gas condensate project in south Taranaki is now over 85% complete with focus on completion of the onshore production facilities and finalization of commercial arrangements.

Origin P&A New Zealand's Momoho 1
Thursday, July 24, 2008 Origin Energy advised that on July 23, plug and abandonment operations were completed on Momoho 1, which was drilled by the jackup ENSCO 107.

Genesis, New Times Ink MOU with Empire for Australian JV
Tuesday, July 22, 2008 Genesis Energy and New Times have signed a MOU with Empire Energy in respect of a proposed JV for oil and gas exploration business in Australia.

Kupe JV Completes Offshore Facilities, Awaits Onshore Completion
Friday, June 13, 2008 The offshore well head platform, three production wells and pipeline to shore are now ready for production and await completion of the onshore production station next year before starting to flow gas and hydrocarbon liquids from the Kupe field.

Weather Holds Up Ensco 107 Move, NZOG Expects to Spud Momoho Soon
Thursday, June 12, 2008 NZOG reports that the Ensco 107 has been prevented from moving to the Momoho well site because of inclement weather, but the jackup is expected to spud the well on June 15.

NZOG Reports Strong Test Flows from Kupe Field
Friday, June 06, 2008 The three Kupe field production wells have together test flowed a total of over 115 million standard cubic feet a day and a condensate flow of over 15,000 barrels a day, New Zealand Oil & Gas reports.

Apache Lays Kupe Pipeline Offshore New Zealand
Tuesday, February 12, 2008 The Kupe Project has reached a key milestone, with the final stage of the main offshore gas pipeline laid by one of the world's most advanced pipelaying vessels, the Apache.

Origin Energy's Kupe Drilling Half Complete
Wednesday, January 30, 2008 Origin Energy's drilling of the three production wells at the Kupe gas condensate project offshore southern Taranaki in PML 38146 is making good progress with each well reaching over halfway.

Kupe Gas Wells Under Way Offshore Taranaki Basin, New Zealand
Thursday, January 03, 2008 The Kupe Project drilling campaign is being undertaken on a batch-drilling basis, completing the same section of each of the three wells before proceeding to the subsequent section.

TAG to Sell Interest in the Cardiff Deep Gas Prospect
Wednesday, October 17, 2007 TAG has signed a LOI with Genesis to sell its 15.1% interest in the Cardiff deep gas prospect.

Rig Arrives for Kupe Drilling Program
Tuesday, October 09, 2007 Kupe Gas and Condensate project has reached a major milestone in offshore operations with the arrival of the New Plymouth drilling rig.

Denbury Posts Lower Q1 Earnings
Thursday, May 03, 2007 Denbury Resources Inc. on Thursday announced its first quarter 2007 financial and operating results.

Kupe Gas Project Reaches Key Milestones
Tuesday, May 01, 2007 Progress on the development and construction of the Kupe Gas Project continues to be made in line with the Project's planned schedule – with two key milestones being achieved this month.

Construction Begins on New Zealand Gas Site
Wednesday, March 14, 2007 Work has begun on preparing the Kupe gas project's onshore production station near Hawera and nearshore pipeline approach, operator Origin Energy Resources (Kupe) Ltd reported.

Kupe Gas Project Hits Milestones
Tuesday, March 06, 2007 Development of the Kupe Gas Project is progressing well and a number of important milestones have now been reached on time and on budget.

NZOG Announces Major Funding Initiatives
Wednesday, November 15, 2006 New Zealand Oil & Gas Limited (NZOG) on Wednesday announced $175 million of equity and bank financings to progress its oil and gas developments and to rapidly advance the search for additional reserves within its permit areas.

Genesis to Introduce New Senior Management Team
Friday, August 11, 2006 Genesis Energy, L.P. said that it will conduct a conference call on Tuesday to introduce its new senior management team.

Cheal Oil Field Development Gets Green Light
Thursday, July 27, 2006 Austral Pacific Energy Ltd. said Wednesday that the development of the Cheal oil field onshore Taranaki, New Zealand will commence immediately.

Kupe Drilling Contract Awarded
Tuesday, January 31, 2006 ENSCO has won the contract to drill three development wells in the Kupe gas and condensate field and bids have been received for the construction of the production station.

Kupe Gas Project Clears Regulatory Hurdles
Friday, October 28, 2005 The Kupe Joint Venture reports that all onshore regulatory approvals for the proposed Kupe development have been granted and the final impediments to achieving the offshore consents have now been resolved.

Kupe JV Decides on New Gas Production Station
Friday, April 01, 2005 Origin Energy has elected to proceed with the design of a new onshore production station to process gas from the proposed offshore Kupe development, rather than toll the gas through existing onshore facilities.

Kupe Gas Project Status Update
Monday, December 13, 2004 Origin Energy has completed an Assessment of Environmental Effects (AEE) as part of seeking resource consents for the Kupe Gas Project.

Austral Finalizes Deal with Genesis Energy
Tuesday, August 03, 2004 Austral Pacific Energy Ltd reports that the last item outstanding on the previously advised deal with Genesis Energy, has now been concluded with the receipt on Tuesday 27 July of the New Zealand Minister of Energy's consent to these agreements.

Austral Pacific & Genesis Ink Final Cardiff-2 Agreements
Tuesday, July 06, 2004 Austral Pacific Energy has finalized the commercial negotiations with Genesis Energy for the funding of the Cardiff-2 well.

Genesis Energy Closes of $100 Million Credit Facility
Thursday, June 03, 2004 Genesis Energy has closed a $100 million senior secured bank credit facility with a group of five lenders led by Bank of America Securities LLC.