01 Oct 2026
3 weeks ago
254 views
Enzed Energy has submitted a second application for a petroleum exploration permit targeting the Toutouwai prospect in the offshore Taranaki Basin, signaling growing confidence in New Zealand's energy sector following the repeal of the offshore exploration ban. The government has opened a competitive process for a 2400 sq km permit area, with applications due by January 18, 2027, and will assess candidates based on technical, financial, and compliance criteria. Natural gas remains vital for New Zealand's energy security and economic resilience, and renewed exploration efforts aim to unlock new resources and support growth.
27 Aug 2026
1 month ago
583 views
The New Zealand Government has successfully cleared a backlog of 311 historical minerals permit applications, enhancing the efficiency and certainty of the permitting system under Resources Minister Shane Jones. Interest and activity in the minerals sector have surged, with record numbers of applications and permit decisions made by New Zealand Petroleum and Minerals (NZP&M), supporting investment, regional growth, and economic opportunities. While NZP&M maintains timely and fair decision-making, the quality of applications remains crucial for processing speed, and the agency continues to administer over 1,000 permits with strong performance against targeted timeframes.
25 Aug 2026
2 months ago
548 views
Resources Minister Shane Jones announced a new petroleum prospecting application by CBX Energy Limited for the largely under-explored Pegasus Basin east of New Zealand’s North Island, aiming to enhance understanding of its hydrocarbon potential. This application, covering over 4207 sq km, is part of a competitive three-month process and reflects renewed industry confidence following the repeal of the offshore exploration ban. The prospecting will utilize existing geological and geophysical data to inform future exploration, with applications assessed based on technical, financial, and compliance criteria under the Minerals Programme for Petroleum 2025.
13 Aug 2026
2 months ago
614 views
New Zealand has granted a 10-year petroleum mining permit to Matahio NZ Onshore Limited for the Puka field in Taranaki, expected to increase domestic natural gas supply and generate export revenue from oil production. The permit highlights growing momentum in the petroleum sector, with estimated recoverable reserves supporting energy security amid declining gas supplies. Resources Minister Shane Jones emphasizes the importance of a diverse energy system combining responsible resource development, renewable energy, and emerging technologies to ensure affordable and reliable energy.
13 Aug 2026
2 months ago
637 views
New Zealand has granted Matahio NZ Onshore Limited a 10-year petroleum mining permit for the Puka field in Taranaki, expected to add natural gas to the domestic market and generate valuable oil export earnings. The permit highlights growing momentum in the petroleum sector amid declining gas reserves, with gas remaining critical for electricity generation and industrial use alongside renewable energy. Resources Minister Shane Jones emphasizes that responsible resource development, combined with investment in renewables and emerging technologies, is essential for a resilient, affordable, and secure energy system.
12 Aug 2026
2 months ago
653 views
The Regional Infrastructure Fund will invest $15 million in Aspiring Materials Limited to develop a $31 million commercial-scale facility in Southland that produces green hydrogen and critical minerals using patented technology. This government-supported project aims to boost economic development, reduce emissions in sectors where electrification is challenging, and strengthen New Zealand’s energy sector through innovation and advanced manufacturing. The funding, part of an $80 million allocation for critical minerals, highlights the government's commitment to diverse energy solutions and regional growth.
12 Aug 2026
2 months ago
661 views
The Regional Infrastructure Fund will invest $15 million in Aspiring Materials Limited to develop a $31 million commercial-scale plant in Southland that produces green hydrogen and extracts critical minerals from quarry waste using patented technology. This government-backed initiative aims to boost economic development, support energy innovation, and position New Zealand’s regions to capitalize on emerging industrial opportunities, particularly in sectors where hydrogen can reduce emissions. The funding, part of an $80 million allocation for critical minerals projects, aligns with the Hydrogen Action Plan to diversify energy solutions and enhance economic resilience.
06 Aug 2026
2 months ago
582 views
An independent Deloitte review found New Zealand's minerals royalty regime transparent and comparable to similar countries, with most royalty revenue derived from legacy permits predating the 2013 framework. The report highlights the trade-offs between Crown returns, investment certainty, and sector stability, emphasizing the importance of fair returns amid emerging critical minerals opportunities. Policy work will continue with further advice in 2027, while decisions on changes will be made in the next government term.
29 Jul 2026
2 months ago
734 views
New Zealand has granted its first new offshore petroleum exploration permit since reversing the ban, awarding Australian company EnZed Energy a 12-year permit for a 546 sq km area east of the Kupe gas field in the Taranaki Basin. This move signals renewed investor confidence and aims to address declining natural gas reserves, which have dropped 23% to the lowest level in over two decades, emphasizing the importance of exploration for future energy security. The government highlights that natural gas remains crucial for electricity generation and industry, and exploration is essential to assess New Zealand’s remaining resource potential.
21 Jul 2026
3 months ago
684 views
One year after launching A Minerals Strategy for New Zealand to 2040, the government has made significant progress by implementing policies and reforms that have increased mineral exports, production, employment, and permitting activity. Key achievements include establishing a Critical Minerals List, enhancing global partnerships, improving geoscience data access, and creating a more efficient regulatory framework, which have boosted investor confidence and sector growth. Moving forward, the focus will be on expanding international partnerships, attracting investment, reviewing royalty settings, and maximizing value from critical minerals through processing, refining, and innovation to sustain long-term economic benefits.
14 Jul 2026
3 months ago
774 views
Resources Minister Shane Jones has welcomed Sunda Energy's new petroleum exploration permit application in the offshore northern Taranaki Basin, marking the sixth such application since the government lifted the offshore oil and gas exploration ban. Sunda Energy, having entered the New Zealand market through acquiring Matahio Energy’s assets, seeks to conduct geological and seismic studies over a 645 sq km area with known potential, aiming to evaluate drilling targets. The competitive application process, open until October 14, 2026, reflects growing investor interest that could enhance New Zealand’s energy security, create jobs, and boost economic resilience.
08 Jul 2026
3 months ago
791 views
New Zealand has received its fifth petroleum permit application since lifting the exploration ban, with Taranaki Energy Pty Ltd applying to prospect in deepwater offshore Taranaki, an underexplored but highly prospective area. The proposed two-year work program involves seismic data reprocessing, basin modeling, and target identification to guide future investments, reflecting renewed momentum and growing confidence in the sector. The government’s open market regime allows continuous competitive applications, which will be assessed based on technical, financial, and compliance criteria to support energy security and economic resilience.
06 Jul 2026
3 months ago
789 views
The New Zealand Government is funding two critical minerals processing projects on the West Coast through the Regional Infrastructure Fund, allocating up to $50 million to Tāiko Critical Minerals and Westland Mineral Sands. These projects aim to add value to exported minerals like titanium, zirconium, and rare earths by establishing domestic processing facilities, creating skilled jobs, and strengthening regional and national economies. The investments support long-term economic activity and contribute to a secure, diversified critical minerals supply chain essential for modern technologies and clean energy systems.
12 May 2026
5 months ago
950 views
The fourth petroleum exploration permit application since the lifting of the exploration ban has entered New Zealand's open market competitive process, signaling renewed investor confidence in the sector. The application, submitted by a joint venture led by East Coast Energy Ventures Limited, aims to explore onshore and offshore areas in Waikato, with a staged work program starting with seismic data reprocessing. Resources Minister Shane Jones emphasizes that responsible new exploration is vital for maintaining energy security as existing gas fields mature and production declines, despite ongoing investments in renewables.
24 Mar 2026
7 months ago
1370 views
A new prospecting permit application by CBX Energy Limited in the offshore Canterbury Basin reflects renewed confidence in New Zealand’s oil and gas sector, aiming to conduct technical and economic studies for basin development. The Canterbury Basin is a promising but underexplored area with potential hydrocarbons, offering opportunities to enhance domestic energy resources and economic growth. New Zealand Petroleum & Minerals is accepting competing applications until June 24, prioritizing them under the Minerals Programme for Petroleum 2025, with decisions expected later this year.