Articles tagged with Oil
Wellington Heritage Planning Review: RMA Reform to Boost Housing and Jobs
10 hours ago | 49 viewsRMA 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.
Tags: Chris Bishop Wellington City Council Karori Tunnel Kelburn Viaduct George A Hart Courtenay Place Heritage Area Miramar oil tank Resource Management Act Heritage New Zealand Pouhere Taonga New Zealand Defense ForceGovernment Invests $3.8M to Upgrade Public Toilets in NZ Visitor Hotspots
1 week ago | 152 viewsThe 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.
Tags: Louise Upston New Zealand International Visitor Levy Mackenzie Queenstown Lakes Tourism Hospitality Government investment Public toilets Visitor destinationsNew Zealand’s Diesel Reserve Shipment En Route to Marsden Point for Fuel Security
2 months ago | 453 viewsNew 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.
Tags: Nicola Willis Shane Jones New Zealand Marsden Point diesel reserve Channel Infrastructure Z Energy Regional Infrastructure Fund fuel security crude oil tanksSunda Energy Acquires Matahio Assets Boosting New Zealand’s Petroleum Sector
3 months ago | 783 viewsResources 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.
Tags: Matahio Energy Sunda Energy Shane Jones New Zealand Taranaki petroleum sector oil and gas Cheal Sidewinder Puka exploration permitRenewed Oil and Gas Prospecting in Canterbury Basin Boosts NZ Energy Outlook
4 months ago | 908 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 2025New Zealand Releases Oil Tickets to Support Global Supply Amid Strait of Hormuz Closure
4 months ago | 918 viewsNew 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.
Tags: New Zealand International Energy Agency Shane Jones Strait of Hormuz oil tickets crude oil fuel security Middle East Ministry of Business Innovation and EmploymentAndy Knight Named Chair of Expert Panel for $200M Gas Security Fund
5 months ago | 755 viewsAndy 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.
Tags: Andy Knight Shane Jones Tim Allan John Pagani Chris Bishop Gas Security Fund New Zealand Oil & Gas Energy Efficiency Conservation Authority Taranaki Iwi Holdings OMVGovernment Commits $28M for Hill Country Erosion Control to Protect Farmland
5 months ago | 965 viewsThe 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.
Tags: Todd McClay Hill Country Erosion Programme Agriculture and Forestry Minister Te Uru Rākau New Zealand Forest Service erosion control productive land soil health regional councils farmland protectionRodger Finlay Appointed Reserve Bank Chair and Rhiannon McKinnon Joins Board
8 months ago | 787 viewsRodger 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.
Tags: Rodger Finlay Rhiannon McKinnon Nicola Willis Reserve Bank Kiwi Wealth NZ Post Kiwi Group Holdings NZ Oil and Gas PGG Wrightson NZ Film CommissionNew Zealand Tightens Grip on Russian Crude Oil and Enforces Sanctions
10 months ago | 1017 viewsNew 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.
Tags: Winston Peters New Zealand Russia Ukraine sanctions Putin oil chemical weapons disinformationNew Zealand Petroleum Exploration Permits Open in September: Crown Minerals Amendment Bill Impact
1 year ago | 1698 viewsThe 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.
Tags: Shane Jones petroleum exploration permits Crown Minerals Amendment Bill oil and gas exploration energy security natural gas decommissioning investment liability