01 Oct 2026
3 weeks ago
410 views
RMA Reform Minister Chris Bishop announced changes to Wellington’s district plan to remove heritage listings from the Karori Tunnel, Kelburn Viaduct, and Miramar oil tank, while modifying height limits in the Courtenay Place Heritage Area to enable increased development. These changes aim to support investment, housing, and job creation, potentially allowing 550 additional apartments, generating $200 million, and creating around 1,400 jobs through construction and commercial activities. The former General Headquarters Building’s heritage listing will remain, and the reforms follow extensive investigation, consultation, and consideration of economic and heritage impacts.
08 Sep 2026
1 month ago
412 views
The Taranaki Alliance, supported by a $3 million Regional Infrastructure Fund grant, aims to help local firms secure over $100 million in contracts within three years, aiding economic diversification away from the declining oil and gas sector. The initiative, led by Te Puna Umanga Venture Taranaki and local partners, will coordinate collaboration among engineering, manufacturing, and technical firms to pursue large-scale national and international projects. With strong regional support and over 85 firms interested, the Alliance seeks to build a commercially sustainable model that enhances bid coordination, compliance, and regional economic representation.
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.
03 Aug 2026
2 months ago
679 views
RMA Reform Minister Chris Bishop has released a report and initiated consultation on modifying Wellington’s heritage planning rules for five key sites, following concerns from the Wellington City Council that current provisions hinder economic growth and development. The report suggests that removing or altering these heritage controls could enable around 770 new apartments, generate $280 million in construction activity, and support 300 jobs, with public and stakeholder feedback now being sought before any regulatory changes. The affected sites include the Courtenay Place Heritage Area, Karori Tunnel, Kelburn Viaduct, former General Headquarters Building, and Miramar oil tank, with consultation open to relevant authorities, iwi groups, and the public.
22 Jul 2026
3 months ago
674 views
The Government is investing $3.8 million from the International Visitor Levy to upgrade public toilet facilities in the Mackenzie and Queenstown Lakes districts, two of New Zealand’s busiest visitor destinations. This funding aims to alleviate the financial burden on local communities by adopting a user-pays approach, ensuring visitors contribute to the maintenance of public amenities. The investment supports tourism's role in sustaining jobs and local businesses while providing cleaner, more reliable infrastructure for both residents and visitors.
01 Jun 2026
4 months ago
942 views
New Zealand is receiving two shipments of diesel reserve, with the first arriving mid-June and the second expected in early July, providing around nine days of typical diesel consumption. The government is refurbishing tanks at Marsden Point, funded by $21.6 million from the Regional Infrastructure Fund, to store the fuel, which will be controlled by the Crown and managed by Z Energy. Finance Minister Nicola Willis emphasizes that this reserve enhances the country's fuel security and resilience against potential supply disruptions.
09 Apr 2026
6 months ago
1311 views
Resources Minister Shane Jones welcomes the sale of Matahio Energy’s New Zealand assets to Sunda Energy as a positive sign of growing international interest and investment in the country’s petroleum sector. The transaction includes established onshore oil and gas operations in Taranaki and supports economic resilience, energy security, and regional development. Sunda Energy will now seek regulatory approvals, with the deal reflecting confidence in New Zealand’s oil and gas future and the importance of revitalizing proven assets.
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.
19 Mar 2026
7 months ago
1335 views
New Zealand will release 1.577 million barrels of crude oil purchase options, known as oil tickets, to support the International Energy Agency’s collective response to oil supply disruptions caused by the Strait of Hormuz closure. This contribution, part of a larger IEA release of 400 million barrels, aims to ease global refinery pressure and stabilize markets without affecting New Zealand’s domestic fuel security. The released tickets pertain to crude oil and fuels incompatible with New Zealand’s system, meaning no physical oil supply will be directly released.
17 Feb 2026
8 months ago
1211 views
Andy Knight has been appointed chair of the expert panel advising the New Zealand Government on applications to the $200 million Gas Security Fund, which aims to enhance domestic gas supply and storage amid declining production. The panel also includes geophysicist Tim Allan and energy sector professional John Pagani, with two more members to be appointed, and will provide independent, expert advice to decision-making ministers Shane Jones and Chris Bishop. The fund, administered by Kānoa – Regional Economic Development & Investment Unit, supports projects with short- to long-term benefits to secure affordable and reliable gas for New Zealand’s economy.
09 Feb 2026
8 months ago
1379 views
The Government is investing nearly $28 million in the Hill Country Erosion Programme (HCEP) to support erosion control projects from 2027 to 2031, aiming to protect productive land and reduce environmental and economic impacts. The programme, established in 2007 and supported by multiple councils and landowners, focuses on treating vulnerable land, creating farm-scale erosion control plans, and building regional capability. Agriculture and Forestry Minister Todd McClay emphasized the programme’s role in helping farmers prepare for severe weather and safeguarding soil health for future sustainability.
27 Nov 2025
11 months ago
1171 views
Rodger Finlay has been appointed Chair of the Reserve Bank, continuing his leadership since August 2023, while Rhiannon McKinnon joins the Bank’s Board for a five-year term. These appointments are part of a broader refresh of the Reserve Bank, which includes new leadership, committees, and a focus on increased accountability, transparency, and banking competition. Both appointees bring extensive experience in governance and financial management, supporting the Bank's statutory responsibilities and government expectations.
12 Sep 2025
1 year ago
1320 views
New Zealand has joined Canada, the EU, and the UK in lowering the price cap on Russian crude oil to USD $47.60 per barrel to cut off funding for Putin's war in Ukraine. Additionally, New Zealand has sanctioned Russian actors involved in cyber-attacks, including military intelligence Unit 29155, for using malware against Ukrainian government networks. These sanctions mark New Zealand's 32nd round, targeting individuals, entities, vessels, and shadow fleet vessels involved in chemical weapons, disinformation, and illicit activities in North Korea and Iran.
31 Jul 2025
1 year ago
2061 views
The Crown Minerals Amendment Bill, following its third reading, will allow operators to apply for new petroleum exploration permits starting in September. The Bill removes the ban on oil and gas exploration beyond onshore Taranaki, introduces a new tier of permit for small-scale non-commercial gold mining, and aims to boost investment in Crown-owned minerals. Changes in liability for decommissioning costs and the need for clarity in regulatory burden and risk are also addressed in the Bill to enhance investor confidence and energy security.