Latest news with #Tipler
1News
a day ago
- Business
- 1News
NZ's natural gas supply running out faster than thought
The country's natural gas supply is running out faster than previously thought. The Ministry of Business, Innovation and Employment said previous forecasts showed annual gas production falling below 100 petajoules by 2029, but revised forecasts indicated that level would be reached by next year. A petajoule, or PJ, is a unit measurement of energy use commonly used for large-scale energy use, with one petajoule equal to one million billion joules. MBIE also said as of January this year, natural gas reserves were down 27% compared to last year - also falling faster than previously estimated. "In 2024, natural gas proven plus probable (2P) reserves reduced from 1300 PJ to 948 PJ," MBIE head of data service delivery Karlene Tipler said. ADVERTISEMENT "The reduction in natural gas reserves is largely driven by field operators reducing their estimates of gas readily extractable in the ground by 234 PJ." MBIE said contingent gas reserves, or gas that existed in the ground but could not be extracted for various reasons such as economic or technical, increased by 184 PJ or 10% on last year. "Some of this increase can be attributed to natural gas reserves being downgraded to contingent resources," Tipler said. "A significant contributor to this is Pohokura field, which included a large volume of contingent gas which had previously not been reported." Tipler said some contingent gas may have the potential to be upgraded to 2P if there were changes to economic or technical conditions. Govt says data proves it's 'correct to act now' Resources Minister Shane Jones said the decline in gas reserves was a "stark reminder" of why the Government was seeking greater investment in exploration and production. ADVERTISEMENT "New Zealand needs a secure supply of affordable and reliable gas for industry to continue and for Kiwis to keep the lights on," Jones said. "A 27% year-on-year decline in our natural gas reserves is further proof that the coalition Government has made the right decisions in overturning the oil and gas ban, and is willing to become a cornerstone investor in gas production," he said. As part of Budget 2025, the Government announced $200 million over four years for co-investment in new domestic gas field developments.
Otago Daily Times
2 days ago
- Business
- Otago Daily Times
NZ's natural gas supply running out faster than thought
Shane Jones. Photo: RNZ The country's natural gas supply is running out faster than previously thought. The Ministry of Business, Innovation and Employment said previous forecasts showed annual gas production falling below 100 petajoules (PJ) by 2029, but revised forecasts indicated that level would be reached by next year. A petajoule or PJ is a unit measurement of energy use commonly used for large-scale energy use, with one petajoule equal to one million billion joules. MBIE also said as of January this year, natural gas reserves were down 27% compared to last year - also falling faster than previously estimated. "In 2024, natural gas proven plus probable (2P) reserves reduced from 1300 PJ to 948 PJ," MBIE head of data service delivery Karlene Tipler said. "The reduction in natural gas reserves is largely driven by field operators reducing their estimates of gas readily extractable in the ground by 234 PJ." MBIE said contingent gas reserves, or gas that existed in the ground but could not be extracted for various reasons such as economic or technical, increased by 184 PJ or 10% on last year. "Some of this increase can be attributed to natural gas reserves being downgraded to contingent resources," Tipler said. "A significant contributor to this is Pohokura field, which included a large volume of contingent gas which had previously not been reported." Tipler said some contingent gas may have the potential to be upgraded to 2P if there were changes to economic or technical conditions. Government says data proves it's 'correct to act now' Resources Minister Shane Jones said the decline in gas reserves was a "stark reminder" of why the government was seeking greater investment in exploration and production. "New Zealand needs a secure supply of affordable and reliable gas for industry to continue and for Kiwis to keep the lights on," Jones said. "A 27% year-on-year decline in our natural gas reserves is further proof that the Coalition Government has made the right decisions in overturning the oil and gas ban, and is willing to become a cornerstone investor in gas production," he said. As part of Budget 2025, the Government announced $200 million over four years for co-investment in new domestic gas field developments.
Yahoo
29-04-2025
- Yahoo
Santaquin Police Department asks community to help honor Sgt. Bill Hooser
SANTAQUIN, Utah () — Monday, May 5, will mark the one-year anniversary of when Sgt. Bill Hooser was killed in the line of duty while serving on the Santaquin Police Department. To honor Hooser, the police department is asking the community to help wrap trees with blue ribbons this week. 'One thing I can say is that Sgt. Bill Hooser will never be forgotten,' Santaquin Police Officer Cody Tipler told ABC4 Monday afternoon. Tipler went to the academy with Sgt. Hooser in New Mexico, and would later be convinced to move to Utah to work with his old friend. Sgt. Hooser's family reminisces about his life at public viewing ahead of funeral 'Sgt. Hooser meant a lot to me and my family,' Tipler stated. 'He did a lot for me, getting me out here. I started a whole new career with Santaquin Police Department. He basically showed me a whole new area that I could introduce my family to; just to start a whole new life.' After Sgt. Hooser's death last year, the community wrapped the tree linings on Main St. (and other prominent roads) in blue ribbons to honor him. The police department is now asking the community to show its support once again. 'Basically, what we want to do is line all of Main Street and Center Street with the ribbons before the morning of May 5,' the department said. During business hours on Tuesday, Wednesday, and Friday, people who want to help can pick up ribbons at the police department for free. The ribbons will be placed along the roads ahead of May 5 and will stay up throughout the following week as well for National Police Week. The department asks those who hang up ribbons to remove them after May 17. A year later, and the department is still healing. 'Each of us has our own struggles,' Tipler said. 'As a department, we're trying to stay together and be together throughout this journey.' It's a journey Tipler believes involves the entire community. 'Sgt Hooser left a legacy here at the Santaquin Police Department… I think people have seen that since the day he had fallen in the line of duty. I think we have a huge, strong community support already, and I don't think that's going to change,' he said. Denver Broncos' confidence is high after the NFL Draft We Win Injury Law: Fighting for Utah families when it matters most Woman charged with shooting, killing Ogden woman after argument Juveniles accused of setting fire in abandoned home in West Valley, investigation underway Intermountain Health offers easier, faster, and more affordable in-office hand procedures Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
