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Northbridge Industrial Services Plc

Jadestone Energy inching closer to control of Maari offshore New Zealand

Jadestone Energy has received approval from the co-venturers to join the Maari production project offshore New Zealand as operator.

Earlier this year the company agreed to acquire a 69% interest from OMV.

Applications are progressing with regulators on other standard consents, and Jadestone aims to complete the acquisition later this year.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.