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.