Articles tagged with Petroleum Sector
Sunda Energy Acquires Matahio Assets Boosting New Zealand’s Petroleum Sector
1 month ago | 330 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 permitBoosting New Zealand's Gas Supply: $200M Fund Expansion for Energy Security
6 months ago | 549 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 Zealand