15 July 2014
Dr Joanna Breare will join the Todd Corporation as Vice President New Zealand Upstream Energy...
27 June 2014
Todd has acquired a 50% working interest in a liquids rich gas project in British Columbia...
19 May 2014
One of the country's most significant gas projects near Tikorangi will produce economic benefits...
As New Zealand's only fully vertically integrated energy company, Todd Energy, in conjunction with our retail brand, Nova Energy, has the expertise and resources to manage the flow of energy from source to end user.
From wellhead to customer, Todd Energy and our retail brand, Nova Energy, carries gas and liquids from producing wells to processing plants and on to transport hubs such as ports and tankfarms or directly to customers. Gas bypass networks owned and operated by Nova Energy were constructed to break existing pipeline network operator monopolies and allow Nova Energy to deliver gas directly to customers and to increase market competition through providing gas users a choice of pipeline supplier.
Getting products to market
As a fully vertically integrated energy company, Todd Energy, in conjunction with our retail brand, Nova Energy, has the ability to deliver energy from source to market. In 2009, to complement its existing oil & gas delivery pipelines, Todd Energy chartered the MS Sophie to move oil and condensate produced from New Zealand fields to refineries in Australia. The 183 metre vessel, with its crew of 27 can carry 45,000 tonnes of oil (up to 330,000 bbls).
The MS Sophie transports Todd Energy's share of Pohokura oil (26%), McKee Blend Crude (100%) and Maari Crude (16%) every month and in addition is chartered for trans-Tasman fuel oil shipments.
The MS Sophie is a medium range vessel built in 2005, 176 metres in length and capable of carrying just under 300,000 barrels of oil. Todd Energy has chartered the vessel from Handytankers, a long established and reputable shipping consortium based in Copenhagen and with offices in Singapore, that commercially manages oil tankers on behalf of various shipping owners, presently managing a fleet of 85 tankers. The owner of MS Sophie is Chemikalien Seetransport GMBH based in Hamburg, Germany.
The MS Sophie replaces The Savannah, a tanker which Todd Energy also time chartered in 2007 but whose two year term of lease expired in March 2009.