Articles tagged with Petrol
Sunda Energy Acquires Matahio Assets Boosting New Zealand’s Petroleum Sector
3 weeks ago | 267 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
1 month ago | 431 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 Maintains Strong Fuel Stocks with 49 Days Supply Amid Global Uncertainty
1 month ago | 472 viewsNew Zealand currently maintains healthy fuel stocks, with about 49 days of petrol, diesel, and jet fuel supply available, including fuel in storage and shipments en route. The government is enhancing fuel data reporting and working closely with industry to monitor supply risks, ensuring readiness amid global uncertainties like the Strait of Hormuz closure. Authorities emphasize there is no need for fuel restrictions at this time, assuring the public that any changes will be communicated promptly with mitigation plans in place.
Tags: Nicola Willis Shane Jones New Zealand fuel stocks petrol diesel jet fuel Ministry of Business Innovation and Employment fuel security Strait of HormuzRecord Mineral Permit Applications Boost New Zealand’s Gold Mining and Exploration in 2025
2 months ago | 430 viewsNew Zealand’s mineral exploration and mining sector is experiencing strong growth, with record permit applications and approvals in 2025, particularly for gold projects concentrated in the South Island’s West Coast. The diverse mix of prospecting, exploration, and mining permits, along with the conversion of small-scale permits to a more suitable regulatory class, indicates healthy progression and increased confidence in the sector. This momentum, driven by multiple mid-sized projects and active permit management, supports regional economic growth, job creation, and New Zealand’s broader resource development strategy.
Tags: New Zealand Shane Jones mining exploration mineral permits gold West Coast New Zealand Petroleum and Minerals regional economic growth mining projectsBoosting New Zealand's Gas Supply: $200M Fund Expansion for Energy Security
5 months ago | 516 viewsThe Coalition Government has expanded the Gas Security Fund to attract investments that will increase New Zealand's gas supply in the short-, medium-, and long-term to address energy security challenges. The fund will support various projects, including drilling in existing fields, exploration, and storage initiatives, aiming to stabilize supply and manage seasonal demand. The initiative aims to mitigate perceptions of risk in the petroleum sector and promote regional procurement, with investment decisions made jointly by the Ministers for Resources and Finance.
Tags: Shane Jones Chris Bishop gas supply investment fund energy security petroleum sector gas exploration gas storage energy affordability New ZealandNew Zealand Revives Gas Exploration with Open Market Applications
7 months ago | 748 viewsPetroleum operators in New Zealand can now apply for new prospecting and exploration permits beyond Taranaki to boost gas reserves, thanks to a new open market application pathway introduced alongside the Block Offer competitive tender process. The exploration ban in 2018 had a negative impact on the gas sector, hindering investment and exploration efforts, leading to energy security concerns. To revitalize exploration activity, the government is focusing on streamlining permit processes and offering co-investment opportunities in new gas fields, while also introducing a new Tier 3 permit category for hobby miners to encourage small-scale gold mining across the country.
Tags: Shane Jones Petroleum operators Exploration permits Gas reserves Block Offer New Zealand Energy security Budget 2025 Hobby miners Regulatory scrutinyNew Zealand's Transition to Electronic Road User Charges for Fairer Road Funding
8 months ago | 1955 viewsThe New Zealand Cabinet has approved legislative changes to transition 3.5 million light vehicles to electronic road user charges instead of petrol tax, marking a significant shift in road funding. The move aims to ensure all vehicles, regardless of fuel type, contribute fairly based on distance and weight, replacing the outdated petrol tax system. The transition will involve modernizing the current RUC system, allowing for digital records, multiple payment options, and fostering competition among RUC providers for a user-friendly and efficient road funding mechanism.
Tags: legislative changes New Zealand road user charges petrol tax Transport Minister Chris Bishop Fuel Excise Duty Road User Charges RUC vehicle fleet electronic road user chargingNew Zealand Petroleum Exploration Permits Open in September: Crown Minerals Amendment Bill Impact
9 months ago | 1395 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