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In 2010 the branding remained as Shell whereas the holding company was renamed from Shell NZ to Greenstone Energy. After surveying 17,000 customers the following year, the company changed its name to Z Energy Limited and branded the service stations as Z. [9] The rebranding exercise is believed to cost around NZ$60m, compared to the NZ$10m/year cost of licensing the Shell brand. [10]
As of August 2021, NPD has 96 petrol stations, most being in the South Island. According to a study from the Commerce Commission, NPD "appeared to have the most impact on the oil majors' prices". [5] As of May 2020 it has 150 staff. [6] According to Gaspy, NPD and Waitomo had the lowest fuel prices in New Zealand in 2019. [2]
Because of price undercutting by the overseas firms, the government introduced regulation of petrol prices from 1933. [1] [2] In the early sixties the company was fined a large sum in a Transfer pricing scandal. [citation needed] In 1972 British Petroleum NZ acquired a 60% interest in the company. [3]
A Shell station near Lost Hills, ... Fuel prices in Germany ... (often called Lead-Replacement Petrol, or LRP). In New Zealand, gasoline is unleaded, and most ...
Oil giant Shell saw profits tumble by nearly a third in 2023 as a result of lower oil and natural gas prices, which had surged the year before in the wake of Russia's invasion of Ukraine. In a ...
The oil and gas industry in New Zealand explores and develops oil and gas fields, and produces and distributes petroleum products and natural gas. In 2022, New Zealand's net self-sufficiency in oil (mmbls production divided by consumption) was 12%, i.e. the country imported much more crude and refined oil than it exported. [ 1 ]
Shell and TotalEnergies have reported a steep drop in second-quarter profit, as oil and gas prices fell from record highs reached following Russia’s full-scale invasion of Ukraine 17 months ago.
The study found that consumers were paying too much for fuel, and made propositions on how to make the market more competitive. [3] In 2020 Gaspy reached 500,000 members. [3] In 2023 after the 2022 New Zealand fuel tax subsidy was removed, Gaspy membership numbers surged. In one day, it received an increase of 6500 members, compared to its ...