01 Oct 2026
3 weeks ago
260 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.
09 Sep 2026
1 month ago
428 views
The New Zealand Government will end the requirement for developers to pay royalties on "cushion gas," which is operational gas needed to maintain pressure in underground gas storage but unlikely to be extracted or sold. This change aims to remove regulatory barriers, encouraging investment in underground gas storage to improve the flexibility, resilience, and long-term energy security of the country’s energy system. An independent expert will determine the portion of gas qualifying as cushion gas, while future regulatory reviews will assess the effectiveness of this measure in supporting energy security.
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
551 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
620 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
640 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.
29 Jul 2026
2 months ago
737 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
657 views
Today’s inflation rate of 4.1% is largely driven by a global oil price shock, with petrol and diesel prices rising significantly, while core inflation remains within the Reserve Bank's target range. Finance Minister Nicola Willis emphasizes the Government’s prudent response, including targeted support for those most affected by fuel costs and maintaining fiscal discipline to avoid exacerbating inflation. Despite global volatility, New Zealand’s economy is projected to grow steadily with job creation and wages outpacing inflation, supporting long-term affordability and resilience.
21 Jul 2026
3 months ago
687 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
780 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.
20 May 2026
5 months ago
975 views
Transport Minister Chris Bishop announced a consultation on proposed regulations to modernize New Zealand's road user charges system, transitioning from petrol tax to electronic charges based on actual road use and vehicle weight. The regulations will define how approved providers operate, protect personal data, and introduce flexible payment options like subscriptions or post-payment. The government seeks input from various sectors to create a fairer, simpler, and privacy-compliant system, with consultation open until 12 June.
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.
09 Apr 2026
6 months ago
1317 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
1373 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.