Articles tagged with Oil And Gas
Showing 5 of 5 articles
Taranaki Alliance Boosted by $3M Grant to Secure $100M+ Contracts
07 Sep 2026 | 1 day ago | 73 viewsThe Taranaki Alliance, supported by a $3 million Regional Infrastructure Fund grant, aims to help local firms secure over $100 million in contracts within three years, aiding economic diversification away from the declining oil and gas sector. The initiative, led by Te Puna Umanga Venture Taranaki and local partners, will coordinate collaboration among engineering, manufacturing, and technical firms to pursue large-scale national and international projects. With strong regional support and over 85 firms interested, the Alliance seeks to build a commercially sustainable model that enhances bid coordination, compliance, and regional economic representation.
Tags: Shane Jones Taranaki Alliance Te Puna Umanga Venture Taranaki Methanex New Plymouth District Council Venture Taranaki Regional Development Minister Coalition Government Regional Infrastructure Fund oil and gas sectorSunda Energy Acquires Matahio Assets Boosting New Zealand’s Petroleum Sector
08 Apr 2026 | 5 months ago | 975 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
23 Mar 2026 | 5 months ago | 1109 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
26 Nov 2025 | 9 months ago | 922 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
31 Jul 2025 | 1 year ago | 1866 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