Articles tagged with Oil And Gas
Renewed Oil and Gas Prospecting in Canterbury Basin Boosts NZ Energy Outlook
2 hours ago | 32 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 2025Rodger Finlay Appointed Reserve Bank Chair and Rhiannon McKinnon Joins Board
3 months ago | 415 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 Petroleum Exploration Permits Open in September: Crown Minerals Amendment Bill Impact
7 months ago | 1221 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