What FX challenges do Oil & Gas Equipment businesses face?

Oil & Gas Equipment businesses commonly face currency volatility that impacts profit margins, supplier payment timing issues across different time zones, and difficulty tracking FX exposure across multiple international transactions. These challenges can significantly affect cash flow and supplier relationships.

How does Unicorn Currencies help Oil & Gas Equipment?

Unicorn Currencies helps Oil & Gas Equipment businesses with real-time FX rate tracking on all bills and invoices, ultra-fast 2.3-second settlement times, and integrated container tracking for shipments. Our platform provides full visibility into your international payment costs and currency exposure.

What's the minimum volume for Oil & Gas Equipment?

We recommend a minimum of $1M+ annual FX volume for Oil & Gas Equipment businesses to maximize the benefits of our platform. This ensures you see meaningful savings on our 0.5% FX spreads compared to traditional bank rates of 2-4%.

Do you support payments to Oil & Gas Equipment suppliers?

Yes, Unicorn Currencies supports payments to Oil & Gas Equipment suppliers in 50+ countries with local payment rails. We connect to domestic clearing systems in each country, avoiding expensive SWIFT fees and enabling faster settlement than traditional banks.

Is container tracking included for Oil & Gas Equipment?

Yes, FREE container tracking is included for all Oil & Gas Equipment businesses using Unicorn Currencies. You get real-time shipment visibility with demurrage alerts, helping you time payments accurately and avoid costly port fees.

🛢️🇳🇿

Oil & Gas Equipment — Pay New Zealand Suppliers Faster, Cheaper

Import oil & gas extraction equipment, pipelines, and energy infrastructure. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.

We built payment infrastructure for oil & gas equipment businesses. 0.5% spreads. Same-day NZD settlement. Free container tracking.

Get a Quote for Your Next New Zealand Payment

Oil & Gas Equipment margins are too thin to donate 2-4% to your bank on every supplier payment.

Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.

Regulated by

Bank of Canada

PSP under RPAA

Registered with

FINTRAC

MSB: C100000159

Client funds held in

Segregated Tier-1 accounts

Never co-mingled

Published pricing

0.5% spread + £5

No hidden markups. Ever.

These aren't marketing claims — they're regulatory requirements we meet daily.

Save £1,923 per £100k Payment

Typical savings for Oil & Gas Equipment paying New Zealand suppliers

Traditional Bank

£2,428

FX Spread: 2.4% + £28 fee

❌ 2-3 day settlement
❌ Hidden FX margins
❌ High correspondent bank fees
❌ Manual compliance checks

Unicorn Currencies

£505

FX Spread: 0.5% + £5 fee

✓ Settles in seconds — 2.3 second average
✓ Transparent pricing
✓ Osko (via Australia) available
✓ 0.14s automated compliance

Your Annual Savings

79%

£1,923 per £100k

At £2M-£50M monthly volume, save £23,076/year

What Challenges Do Oil & Gas Equipment Businesses Face Paying New Zealand?

Industry Pain Points

Project-based payments (multi-year)
High compliance requirements
Multi-party transactions (operators, contractors)
Currency hedging essential

Country-Specific Considerations

Reserve Bank of New Zealand regulations
NZ Customs Service documentation
GST (15%) on goods and services
MPI (Ministry for Primary Industries) biosecurity

How Do Oil & Gas Equipment Businesses Typically Pay New Zealand Suppliers?

Fast Settlement: Settles in seconds — 2.3 second average

Use Osko (via Australia) for instant NZD settlement. Fast payment to NZ via Australian rails

Real-Time FX Exposure Tracking

Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.

0.14s Compliance Screening

Automated compliance checks for New Zealand regulations. Reserve Bank of New Zealand regulations handled automatically.

How Oil & Gas Equipment Businesses Typically Pay New Zealand Suppliers

If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.

⏱ Payment Timing

Project milestone payments (quarterly). Long terms: Net 90-180 days standard. Progress certificates required before payment release.

This corridor settles same-day when using our rails — so you can align payments with your supplier terms instead of waiting on your bank.

📄 Invoice Terms

Net 90-180 standard. Milestone payments per project schedule. Retention (10%) for 12-24 months. Performance bonds required.

Cash Flow Pattern:

Project-driven, oil price dependent. Quarterly milestone payments. Exploration projects front-loaded, production steady. Decommissioning growing.

📊 FX Risk Profile

EXTREME: Multi-year projects in USD, NOK, AED. £500k-£10M transactions. Oil price volatility affects project viability. Forward hedging essential.

Supplier Relationships:

Long-term partnerships with major service companies. Preferred supplier lists. Framework agreements for ongoing projects. JV structures common.

Common Documentation for Oil & Gas Equipment

Project Progress Certificate
Export License (controlled goods)
End-User Certificate
OFAC/Sanctions Compliance Declaration
Insurance Certificate (rig operations)

Frequently Asked Questions: Oil & Gas Equipment Payments to New Zealand

How do Oil & Gas Equipment businesses pay suppliers in New Zealand?

Oil & Gas Equipment businesses can pay New Zealand suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like Osko (via Australia). This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.

What banking details do I need for New Zealand Oil & Gas Equipment suppliers?

To pay Oil & Gas Equipment suppliers in New Zealand, you need the recipient's SWIFT + Account (SWIFT/BIC or 2-digit bank code), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.

How much can Oil & Gas Equipment businesses save on New Zealand payments?

Oil & Gas Equipment businesses typically save 79% compared to traditional banks when paying New Zealand suppliers. On a £100k transaction, that's £1,923 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 2.4% spread + £28 fees.

Is container tracking available for Oil & Gas Equipment shipments from New Zealand?

Yes, Unicorn Currencies offers FREE container tracking for Oil & Gas Equipment shipments from New Zealand. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.

What currencies do Oil & Gas Equipment businesses typically use with New Zealand?

Oil & Gas Equipment businesses typically convert GBP to NZD when paying New Zealand suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.

Ready to Pay New Zealand Suppliers 79% Cheaper?

Join Oil & Gas Equipment businesses saving £1,923 per £100k payment with t+0 (2.3s avg within unicorn network).

Get a Free Quote View New Zealand Details

Bank of Canada registered PSP | FINTRAC licensed MSB