Articles tagged with Oil
New Zealand Tightens Grip on Russian Crude Oil and Enforces Sanctions
12 hours ago | 63 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 month ago | 513 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