Top Oil And Gas Companies in New-Zealand

The Oil & Gas industry in New Zealand has been a critical contributor to the country's economy, providing employment and driving innovation. In 2022, the industry experienced a challenging year, with significant economic and social disruptions, reflecting the industry's vulnerability to external shocks. In this article, we explore the factors contributing to the industry's challenges, including government initiatives, the industry's growth, key trends, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
BUMI ARMADA1,843 +65 6558 6116

At Bumi Armada, we amplify competency to resonate with the changing Oil & Gas industry demands, values and expectations. We engage in advancement of technology to garner further growth and keep sustainability in balance.We are a Malaysia-based international offshore energy facilities and services provider with experience in over 29 countries spread across four continents – Asia, Europe, Africa and Latin America. The culture diversity of over 800 people from over 27 nationalities empowers diverse solutions in our global team to safely deliver our marine assets – FPSO, LNG FSU, OSV and derrick lay-barge.We offer a range of capabilities from life of field surveys, drilling support, production facilities, installation & operations, pipe-laying, hook-up & commissioning and vessel chartering. We are committed to bring innovative solutions to provide high quality and reliable facilities and services while incorporating leading technologies for a sustainable tomorrow.OUR BEGINNINGIn December 1995, the company was incorporated as a public limited company (under the Companies Act, 1965). The Bumi Armada group of companies include diversified subsidiaries as well as joint venture companies.Since then, our marine business has evolved from managing smaller tonnage vessels in the 1970s to being able to design and build nine FPSOs with increasing complexity, functional capability, and size. Drawing on our decades of experience, we have developed a reputation for our project management capabilities. We deliver innovative solutions and quality facilities that incorporate leading technologies to cater the needs in the field development, production and storage.

BW OFFSHORE2,107 +65 6323 1263

BW Offshore engineers innovative floating production solutions. The Company has a fleet of 8 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.Further information is also available on www.bwoffshore.com

DIALOG GROUP BERHAD1,411 +65 6251 5024

DIALOG is a leading integrated technical service provider to the energy sector, in Malaysia and internationally. Established in 1984, DIALOG has grown both organically and through strategic alliances with internationally-renowned technology partners. We serve a diverse range of customers that include multinational energy majors, national energy companies as well as multinational engineering and service providers located throughout the world.Headquartered in Kuala Lumpur, DIALOG is a global player with a staff strength of over 2,600. DIALOG has offices and facilities in Malaysia, Singapore, Thailand, Indonesia, China, Australia, New Zealand, Philippines, Saudi Arabia and United Arab Emirates. DIALOG is listed on the Main Market of Bursa Malaysia and was included into the FBM KLCI in June 2018 and FTSE4Good Bursa Malaysia in June 2022.

TOTALENERGIES65,026 +65 6879 7900

Have you ever thought of offering your skills and expertise to a multinational company? Give your best to better energy and make the commitment with TotalEnergies. With over 500-plus professions in 130 countries, we offer high safety and environmental standards, strong ethical values, an innovation culture and wide-ranging career development. Be part of the global team whose mission is already shared by 105,000 employees : to be a world-class player in the energy transition

MCDERMOTT INTERNATIONAL, LTD27,515 +65 6561 2288

McDermott is a premier provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach—engineered to responsibly harness and transform global energy resources into the products the world needs for now and what’s next.From concept to commissioning, we are creating and delivering the building blocks of the energy transition. Our innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, our locally focused and globally integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

PETROBRAS62,333 +65 6550 5080

Nosso propósito é prover energia que assegure a prosperidade de forma ética, segura e competitiva. Queremos ser uma empresa de energia de elevado patamar de desempenho, com foco em óleo e gás, alinhada ao compromisso de maior geração de valor e direcionamento de recursos com ênfase nas atividades de Exploração e Produção em águas profundas. Saiba mais em petrobras.com.br—Reservamo-nos o direito de deletar, sem aviso prévio: - Conteúdos ofensivos a qualquer indivíduo, marca ou grupo social; - Comentários que fujam ao tema do post; - Links, comentários e outros conteúdos de autopromoção e vendas.

NOV30,560 +65 1800 676 4380

NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

CHEVRON42,800 +65 6318 1000

Our greatest resource is our people. Their ingenuity, creativity and collaboration have met the complex challenges of energy’s past. Together, we’ll take on the future.We support the LinkedIn Terms of Use (User Agreement), and we expect visitors to our page to do the same. We encourage open, lively conversation with a few simple rules: --We reserve the right to correct factual errors. --We will reply to comments when appropriate.--If we disagree with other opinions, we will do so respectfully.--You may not post anything that is spam or that is abusive, profane, or defamatory toward a person, entity, belief, or symbol.--We will delete any posts that contain personal information such as email addresses, phone numbers and physical addresses, and other third party intellectual property material, when that information does not belong to the author of the post. --You may not post job listings for non-Chevron positions.--While we support lively, open discussion, we reserve the right to delete comments.

SAPURA ENERGY BERHAD5,332 +65 8949 5888

Sapura Energy Berhad (Sapura Energy) is a full-fledged upstream player headquartered in Malaysia and amongst the world’s leading integrated oil and gas services and solutions providers.We provide a full spectrum of capabilities that covers the entire value chain of exploration, development, production and rejuvenation as well as decommissioning and abandonment.With a multinational workforce over 7,500 employees spanning over 35 nationalities, comprehensive world-class assets and project management capabilities – our global presence is visible in more than 20 countries. This includes Malaysia, China, Australia, Brazil, the United States of America, as well as those in Western Africa and the Middle East.

SHELL140,478 +65 6513 7719

Shell is a global energy company with around 87,000 employees in more than 70 countries. We work together to power progress through more and cleaner energy solutions. We serve more than 30 million customers at almost 46,000 retail service stations every day.Our strategy is to accelerate the transition of our business to net-zero emissions, purposefully and profitably. #PoweringProgress

SUBSEA712,031 +65 6309 4700

Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.

TECHNIP13,751 +60 1-800-33-9276

Technip is now TechnipFMC. Learn more on our new company page or at www.TechnipFMC.com.

BP63,315 +65 6335 3000

The world is changing fast and our industry is changing with it. The energy mix is shifting towards lower carbon sources, driven by technological advances and growing environmental concerns. In bp, we will help drive this transition - and our business will be transformed by it. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

TRANSOCEAN9,910 +65 6512 4700

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units including 27 ultra-deepwater floaters, and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.

WOODSIDE ENERGY5,124 +65 6709 8021

We aim to thrive through the global energy transition with a low-cost, lower-carbon, profitable, resilient and diversified portfolio. Our recently expanded global portfolio includes quality oil and gas assets and interests in Australia, Gulf of Mexico, Trinidad and Tobago, Senegal, Timor-Leste, Canada, Barbados. Our focus in operations remains on safety, reliability, efficiency and environmental performance, leveraging more than 35 years of operating experience. We have growth opportunities across our three pillars of gas, oil and new energy. Woodside Energy LinkedIn followers, please be aware that during the past week we have seen a spike in fraudulent job advertisements and LinkedIn profiles claiming to be from our Human Resources team. We are working to have these removed and ask you to report any suspicious looking posts or accounts to Woodside at gradcareers@woodside.com.au We have also seen offers of employment mailed to job seekers by individuals or organisations posing as Woodside. Importantly, communications about employment opportunities with Woodside will only ever be sent from email addresses ending in woodside.com.au or woodside.com. We will also never make unsolicited jobs offers or seek payment from job applicants. For more information about how to spot fraudulent Woodside recruitment activity, go to our careers page.

CONOCOPHILLIPS15,711 +65 6536 0010

We are a global oil and gas company tasked with an important job—to safely find and deliver energy for the world. We’re experts in what we do—from the well site to the office. Across our operations and activities in 13 countries, we never forget our responsibility to be a great neighbor, and a great place to work. Guided by our SPIRIT Values—Safety, People, Integrity, Responsibility, Innovation and Teamwork—we deliver strong performance, keeping our promises to our stakeholders, communities and each other. We solve problems and develop new approaches together, as a team of people—not job titles.That’s ConocoPhillips.It’s not just what we do. It’s how we do it. At ConocoPhillips, we believe it is important to foster a safe and constructive online environment for our community. To do so, we encourage visitors to contribute to conversations by following a few guidelines:- Please contribute to the dialogue by keeping your comments relevant to the community and on topic. - Direct your comments at issues, rather than individuals.Any of the following violations of these guidelines may warrant, without prior notice, actions such as removing posts and comments or blocking an account:- Comments that are spam, defamatory or offensive (e.g., obscene, indecent, profane, violent, cruel or discriminatory) will be removed.- Content that violates the terms of use stipulated by each social media operating company.- Any other behavior ConocoPhillips deems inappropriate.Community policy: https://bit.ly/3mrTG4d

PETROFAC15,600 +65 6274 9176

We are a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs.Our core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 8,200 employees based across more than 30 offices globally.Petrofac is quoted on the London Stock Exchange (symbol: PFC).To find out more, visit www.petrofac.com

EXXONMOBIL57,854 +65 1800 252 1800

The need for energy is universal. Thats why ExxonMobil scientists and engineers are pioneering new research and pursuing new technologies to reduce emissions while creating more efficient fuels. Were committed to responsibly meeting the worlds energy needs.We aim to achieve #netzero emissions from our operated assets by 2050 (for Scope 1 and 2 greenhouse gas emissions) and are taking a comprehensive approach to create emission-reduction roadmaps for major operated assets. Find us also on:Twitter.com/ExxonMobilFacebook.com/ExxonMobilInstagram.com/ExxonMobilYouTube.com/ExxonMobilEnergyFactor.comExxonMobil.comFind our latest Privacy Policy at https://corporate.exxonmobil.com/Global-legal-pages/privacy-policySee our terms and conditions at https://corporate.exxonmobil.com/global-legal-pages/terms-and-conditions ExxonMobil uses innovation and technology to deliver energy to a growing world. We explore for, produce and sell crude oil, natural gas and petroleum products. We operate facilities or market products in most of the world’s countries and explore for oil and natural gas on six continents. Follow us on Twitter.com/ExxonMobil Like us on Facebook.com/ExxonMobil Follow us on Instagram.com/ExxonMobil Visit our channel on YouTube.com/ExxonMobil Get the latest energy news and views at EnergyFactor.com

AIR DRILLING ASSOCIATES355 +62 21 27881931

ADA, originally founded in 2003 as Air Drilling Associates, rapidly grew into the largest air/ foam/ aerated fluids drilling services company in the world and is now the third largest MPD/UBD services provider. This came as a result of the 2015 acquisition of Reform Energy Services and Strata Energy Services of Canada. With this strategic acquisition ADA has more than 30 years’ worth of combined UBD, MPD and related engineering and operational experience.Today the company is the third largest MPD/UBD services provider, capable of offering a full array of MPD/UBD equipment for onshore as well as deep water offshore applications. ADA provides the SafeKick and Kelda Leidar MPD control systems, capable of robustly predicting the choke response under gas influx conditions.ADA has an alliance with Regional Marine & Engineering Services (RMES), an API 16-RCD certified manufacturing facility, for testing and manufacturing rotating control devices (RCDs) for on- and offshore applications.ADA has offices in most major oil, gas and geothermal regions around the world, please refer to our website for more details.

HALLIBURTON51,992 +65 6505 2800

We collaborate and engineer solutions to maximize asset value for our customers. Founded in 1919, Halliburton is one of the worlds largest providers of products and services to the energy industry. With more than 45,000 employees, representing 130 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.

Top Oil And Gas Companies in New-Zealand

GDP and Employment Figures

In 2022, the Oil & Gas industry in New Zealand had a GDP of NZD 2.2 billion, representing a 7.1% decrease from the previous year. The industry's employment figures were equally challenging, with a total of 7,500 people employed, representing 0.3% of the country's total workforce.

Factors Contributing to the Decline of the Industry

Government Initiatives

The New Zealand government has played a significant role in the decline of the Oil & Gas industry through various initiatives aimed at promoting sustainable and renewable energy sources. For instance, the government has implemented unfavorable policies, such as the ban on new offshore oil and gas exploration, which has reduced the industry's investment attractiveness. Additionally, the government has invested in promoting renewable energy sources, driving innovation, and enhancing the country's sustainability.

Industry Challenges

The Oil & Gas industry has faced significant challenges over the years, driven by external factors such as economic and social disruptions and increased competition from renewable energy sources. In 2022, the industry experienced significant challenges due to the ongoing COVID-19 pandemic, which led to reduced demand for oil and gas products and disruptions in the supply chain. Additionally, the industry has faced increased competition from renewable energy sources such as wind and solar power, which are increasingly becoming more cost-effective and environmentally friendly.

Growth and Comparison to Previous Years

The industry has faced a decline in investment and exploration activities in recent years, with the number of exploration permits decreasing from 34 in 2014 to 10 in 2020. Furthermore, the COVID-19 pandemic had a significant impact on the industry, with New Zealand's oil and gas production decreasing by 16% in 2020 compared to the previous year.

Key Trends

Sustainability

Sustainability has become a critical trend in the Oil & Gas industry, reflecting a growing awareness of the importance of reducing carbon emissions and adopting sustainable practices. The industry is increasingly adopting sustainable practices such as carbon capture, reducing waste, and using renewable energy sources to improve sustainability and enhance brand reputation.

Challenges

Environmental Regulations

The Oil & Gas industry in New Zealand is facing significant environmental regulations, particularly in the areas of carbon emissions and pollution. The regulations have been driven by a growing awareness of the negative impacts of oil and gas exploration on the environment and public health.

Future Outlook

The future outlook for the Oil & Gas industry in New Zealand is challenging, with a continued decline expected in the coming years. The government's commitment to promoting sustainable and renewable energy sources, coupled with reduced investment attractiveness, will continue to drive demand for alternative energy sources. Additionally, the industry's adoption of sustainable practices and regulatory compliance will be critical to improving brand reputation and enhancing sustainability.

Conclusion

The Oil & Gas industry in New Zealand has experienced significant challenges in 2022, driven by unfavorable government policies, economic and social disruptions, and increased competition from renewable energy sources. However, the industry's adoption of sustainable practices and regulatory compliance will be critical to improving brand reputation and enhancing sustainability. The future outlook for the Oil & Gas industry in New Zealand is challenging, and with the right policies and strategies, the industry can transition to sustainable and renewable energy sources and remain a critical contributor to the country's economy and drive innovation in a rapidly evolving energy landscape.

As the Oil & Gas industry in New Zealand continues to face challenges, there are several key areas that industry leaders should focus on to ensure continued growth and success. One critical area is innovation, particularly in the adoption of new technologies and sustainable practices. The Oil & Gas industry must invest in new technologies such as carbon capture, renewable energy, and reducing waste to enhance sustainability, reduce costs, and improve brand reputation.

Another critical area is talent development, particularly in the face of skills shortages. The industry must invest in training and upskilling programs to ensure a steady supply of skilled labor, particularly in the areas of renewable energy and sustainable practices. Additionally, the industry should collaborate with educational institutions to create internship and apprenticeship programs to attract and retain top talent.

Finally, stakeholder engagement and communication must remain a core principle for the Oil & Gas industry in New Zealand. The industry must engage with stakeholders such as local communities and environmental groups to enhance transparency and build trust. Additionally, the industry must communicate its commitment to sustainability and regulatory compliance to improve its brand reputation and enhance sustainability.

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By Melissa Goh
Published on 25 May 2023