01 Oct 2026
3 weeks ago
269 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.
29 Jul 2026
2 months ago
743 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.
14 Jul 2026
3 months ago
783 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
794 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.