Articles tagged with Crown Minerals Act
New Petroleum Exploration Permit Application Invites Investment in NZ Offshore Basin
2 weeks ago | 240 viewsResources 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.
Tags: Shane Jones Sunda Energy New Zealand Petroleum and Minerals Matahio Energy Taranaki Basin Cheal Sidewinder Puka Awakino Crown Minerals ActRenewed Petroleum Exploration in Taranaki Basin as NZ Lifts Ban
3 weeks ago | 305 viewsNew 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.
Tags: Shane Jones Taranaki Basin New Zealand Petroleum and Minerals Taranaki Energy Pancontinental Energy petroleum exploration exploration ban Minerals Programme for Petroleum 2025 Crown Minerals Act 1991 deepwater offshore TaranakiRenewed Oil and Gas Prospecting in Canterbury Basin Boosts NZ Energy Outlook
4 months ago | 911 viewsA 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.
Tags: Canterbury Basin New Zealand Shane Jones CBX Energy Limited NZP&M petroleum prospecting permit offshore exploration oil and gas Crown Minerals Act 1991 Minerals Programme for Petroleum 2025Kermadec Arc Mineral Reservation Extended Two Years to Protect Marine Ecosystems
7 months ago | 966 viewsThe Kermadec Arc north of New Zealand will remain under a two-year reservation, continuing restrictions on mineral permitting to protect its unique marine ecosystems and potential critical mineral deposits. Established under the Crown Minerals Act 1991, the reservation covers 412,690 km² and aims to support informed, strategic management aligned with New Zealand’s Minerals Strategy to 2040. The extension, effective from January 2026 to January 2028, allows time for improved research and data collection before future decisions on mineral development are made.
Tags: Kermadec Arc New Zealand Shane Jones mineral permitting Crown Minerals Act Kermadec Ridge copper zinc gold Minerals Strategy 2040