Articles tagged with Limited
New Petroleum Prospecting Application Targets Offshore Pegasus Basin in NZ
10 hours ago | 41 viewsResources Minister Shane Jones announced a new petroleum prospecting application by CBX Energy Limited for the largely under-explored Pegasus Basin east of New Zealand’s North Island, aiming to enhance understanding of its hydrocarbon potential. This application, covering over 4207 sq km, is part of a competitive three-month process and reflects renewed industry confidence following the repeal of the offshore exploration ban. The prospecting will utilize existing geological and geophysical data to inform future exploration, with applications assessed based on technical, financial, and compliance criteria under the Minerals Programme for Petroleum 2025.
Tags: Shane Jones CBX Energy Limited Pegasus Basin New Zealand Petroleum and Minerals Wahipapa fairway offshore exploration petroleum prospecting hydrocarbons Minerals Programme for Petroleum 2025 Crown Minerals ActNew Zealand’s First State of Origin 2027 at Eden Park to Boost Tourism
1 week ago | 133 viewsNew Zealand will host its first-ever State of Origin match on 16 June 2027 at Auckland's Eden Park, expected to generate a $17.4 million economic boost and attract over 10,000 Australian visitors. Supported by the Government's Major Events Fund, this event, alongside others like the NRL All Stars, New Zealand Open, and Supercars Double Header, highlights the significant economic and tourism benefits major sporting events bring to the country. Tourism and Hospitality Minister Louise Upston emphasizes that such events enhance New Zealand's global reputation, support local economies, and showcase the nation's hospitality and landscapes to international audiences.
Tags: Louise Upston New Zealand State of Origin Auckland NRL All Stars New Zealand Open Supercars Taupō Christchurch Tātaki Auckland UnlimitedGovernment and Partners Invest $700K to Empower Auckland Youth Through Polyfest Program
1 week ago | 166 viewsThe Government, alongside Rangitāmiro Limited and One Foundation Limited, is investing $700,000 to support The Polyfest Trust's three-month leadership and mentoring programme for over 350 Auckland youth aged 12 to 24. The initiative, integrated with the ASB Polyfest Māori stage, aims to develop participants' leadership, goal-setting, and decision-making skills while preparing them for future education, training, and employment opportunities. Emphasizing culture and community, the programme fosters confidence, identity, and long-term success through personalised mentorship and engagement plans.
Tags: Polyfest Trust James Meager Youth Development Partnership Rangitāmiro Limited One Foundation Limited ASB Polyfest Youth Minister Kapa Haka Nationals International Youth Day Pacific cultural festivalsNew Petroleum Mining Permit Boosts NZ Gas Supply and Oil Exports
1 week ago | 200 viewsNew Zealand has granted a 10-year petroleum mining permit to Matahio NZ Onshore Limited for the Puka field in Taranaki, expected to increase domestic natural gas supply and generate export revenue from oil production. The permit highlights growing momentum in the petroleum sector, with estimated recoverable reserves supporting energy security amid declining gas supplies. Resources Minister Shane Jones emphasizes the importance of a diverse energy system combining responsible resource development, renewable energy, and emerging technologies to ensure affordable and reliable energy.
Tags: Shane Jones Matahio NZ Onshore Limited New Zealand Petroleum and Minerals Puka field Oru prospect Taranaki petroleum mining permit natural gas oil production energy securityNew Petroleum Mining Permit in Taranaki Boosts NZ Gas and Oil Supply
1 week ago | 223 viewsNew Zealand has granted Matahio NZ Onshore Limited a 10-year petroleum mining permit for the Puka field in Taranaki, expected to add natural gas to the domestic market and generate valuable oil export earnings. The permit highlights growing momentum in the petroleum sector amid declining gas reserves, with gas remaining critical for electricity generation and industrial use alongside renewable energy. Resources Minister Shane Jones emphasizes that responsible resource development, combined with investment in renewables and emerging technologies, is essential for a resilient, affordable, and secure energy system.
Tags: Shane Jones Matahio NZ Onshore Limited New Zealand Petroleum and Minerals Puka field Oru prospect Taranaki petroleum mining permit natural gas oil production energy securityNational's Infrastructure Plan: Fixing NZ Land Transport Funding and Costs
1 week ago | 202 viewsThe speaker highlights the government's strong infrastructure track record, emphasizing value-for-money investments, policy reforms, and major projects underway, while acknowledging challenges like a funding gap and high costs in the land transport system. To address these, the government plans an independent report on cost drivers and reforms in funding and oversight, aiming for a sustainable, user-funded, and efficient transport network aligned with economic growth and housing development. The upcoming Government Policy Statement (GPS) 2027 will focus on cost control, maintenance, productivity, safety, and transit-oriented development to maximize infrastructure benefits and support growth.
Tags: David Howard Alan Pollard Matua Shane Jones Infrastructure Commission National Infrastructure Funding and Financing Limited Kāinga Ora National Party Ministry for Cities Environment Regions and TransportHawke’s Bay Gets New Air Ambulance Helicopter Boosting Emergency Care
1 week ago | 176 viewsNew Zealand is upgrading its emergency helicopter fleet, replacing aging aircraft with 16 new helicopters by 2025 to improve safety, reliability, and performance, especially in remote and regional areas. The latest addition, an Airbus H145 D3 in Hawke’s Bay, enhances automation, patient care, and operation in challenging conditions, supporting critical medical transport and inter-hospital transfers. This $27.3 million investment aims to strengthen air ambulance services nationwide, ensuring better outcomes for patients and recognizing the vital work of air ambulance personnel.
Tags: Casey Costello Hawkes Bay New Zealand Airbus H145 D3 Search and Rescue Services Limited air ambulance helicopter upgrade coalition government North Island Christchurch$15M Regional Fund Boosts Aspiring Materials' Green Hydrogen & Critical Minerals Plant
1 week ago | 185 viewsThe Regional Infrastructure Fund will invest $15 million in Aspiring Materials Limited to develop a $31 million commercial-scale facility in Southland that produces green hydrogen and critical minerals using patented technology. This government-supported project aims to boost economic development, reduce emissions in sectors where electrification is challenging, and strengthen New Zealand’s energy sector through innovation and advanced manufacturing. The funding, part of an $80 million allocation for critical minerals, highlights the government's commitment to diverse energy solutions and regional growth.
Tags: Shane Jones Aspiring Materials Limited Regional Infrastructure Fund New Zealand hydrogen green hydrogen critical minerals Regional Development Hydrogen Action Plan ChristchurchGovernment Invests $15M in Southland Facility for Green Hydrogen and Critical Minerals
1 week ago | 211 viewsThe Regional Infrastructure Fund will invest $15 million in Aspiring Materials Limited to develop a $31 million commercial-scale plant in Southland that produces green hydrogen and extracts critical minerals from quarry waste using patented technology. This government-backed initiative aims to boost economic development, support energy innovation, and position New Zealand’s regions to capitalize on emerging industrial opportunities, particularly in sectors where hydrogen can reduce emissions. The funding, part of an $80 million allocation for critical minerals projects, aligns with the Hydrogen Action Plan to diversify energy solutions and enhance economic resilience.
Tags: Shane Jones Aspiring Materials Limited Regional Infrastructure Fund Hydrogen Green Hydrogen New Zealand Regional Development Hydrogen Action Plan Critical Minerals Energy InnovationFast-Track Approval Boosts Hananui Aquaculture Project and NZ Economy
2 weeks ago | 166 viewsThe Hananui Aquaculture Project off Stewart Island, the first aquaculture venture approved through New Zealand's Fast-track process, is expected to produce 14,400 tonnes of salmon annually, generating over $310 million in sales and creating up to 480 jobs. This approval aligns with government efforts to support Māori commercial aquaculture and aims to boost the sector towards a $3 billion annual revenue target by 2035 through large-scale open-ocean farming. The Fast-track process, which has approved 31 projects so far, accelerates development timelines, supporting regional growth, job creation, and New Zealand’s leadership in sustainable seafood production.
Tags: Chris Bishop Shane Jones Ngāi Tahu Seafood Resources Limited Hananui Aquaculture Project Māori Commercial Aquaculture Claims Settlement Act New Zealand salmon farms Aquaculture Development Plan SouthlandDelmore Auckland Housing Project Gets Fast-Track Approval Boosting Local Economy
2 weeks ago | 174 viewsThe Delmore residential development in Auckland, covering over 61 hectares and including 1,200 dwellings, commercial areas, parks, and ecological restoration, has received Fast-track approval, marking it the 30th such project approved. The development will contribute $1.22 billion to the local economy over 25 years and features a privately managed water and wastewater system designed to meet current and future needs, with conditions ensuring environmental and infrastructural compliance. Overall, 30 projects have been approved through the Fast-track process, with 59 currently progressing and 65 referred, reflecting the government's ongoing commitment to accelerating infrastructure and housing developments.
Tags: Chris Bishop Vineway Limited Delmore Auckland Ōrewa State Highway 1 independent expert panel wastewater treatment infrastructureCanterbury's Haldon Solar Farm First in NZ to Get Fast-Track Approval
2 weeks ago | 175 viewsThe Haldon Solar Farm in Canterbury is New Zealand’s first solar project to receive fast-track approval, marking the 29th overall and 7th renewable energy project approved under this expedited process. Expected to generate 370 GWh annually, it will power approximately 45,000 homes and contribute significantly to the country’s renewable capacity, supporting regional economic growth and energy security. The fast-track system aims to accelerate investment in sustainable energy, with 29 projects approved, 18 expert panels appointed, and 60 projects currently progressing, reflecting the government’s commitment to abundant, affordable, and reliable power.
Tags: Haldon Solar Farm Mr Bishop Mr Jones Mr Brown Waitaha Hydro Southland Wind Farm Mahinerangi Wind Farm Lodestone Energy Limited Canterbury TwizelDeborah Hart Appointed Chair of New Zealand Sport Integrity Commission Board
4 weeks ago | 233 viewsSport and Recreation Minister Mark Mitchell announced Deborah Hart as Chair of the Sport Integrity Commission Board, highlighting her extensive governance, legal, and accountability expertise to lead the Commission's next phase. Traci Houpapa MNZM was appointed Deputy Chair after serving as interim Chair, and Tim Castle was reappointed to the Board for another two years, ensuring strong leadership and experience. Deborah Hart’s background includes leading major independent reviews, expertise in dispute resolution, and roles in human rights and regulatory systems, positioning her well to enhance New Zealand’s sport integrity system.
Tags: Mark Mitchell Deborah Hart Traci Houpapa Tim Castle Sport Integrity Commission New Zealand Sport and Recreation Minister Utilities Disputes Limited Holocaust Centre of New Zealand Human Rights Review TribunalGovernment Grants $60M to Secure New Zealand’s Domestic Cement Manufacturing Through 2040
1 month ago | 330 viewsThe New Zealand Government has agreed to provide up to $60 million to Golden Bay Cement (GBC) to maintain domestic cement manufacturing at its Whangarei plant and support at least $150 million in investments through 2040, ensuring economic resilience against global supply disruptions. This decision follows concerns that rising costs and emissions expenses threatened the closure of the country's only fully integrated cement facility, which is vital for essential infrastructure construction. The support is conditional, includes strict oversight, and aims to preserve strategic domestic capability without undermining the Emissions Trading Scheme or setting a broad precedent for taxpayer funding.
Tags: Golden Bay Cement GBC New Zealand Government Whangarei plant Fletcher Building Limited Emissions Trading Scheme domestic cement production cement manufacturing infrastructure development supply chain resilienceJohn Rae Reappointed Chair of Crown Regional Holdings Board for Three Years
1 month ago | 313 viewsJohn Rae has been reappointed Chair of the Crown Regional Holdings Limited Board for three more years due to his extensive legal, financial, and governance expertise. Crown Regional Holdings manages significant government investments aimed at supporting regional economic development across New Zealand, with a diverse portfolio spanning eight regional funds, 13 regions, and 19 industry sectors. As of the 2025 financial year, CRHL oversees 201 active contracts totaling $1,085 million in loans, equity, and capital assets, reflecting the government’s commitment to regional growth.
Tags: John Rae Shane Jones Crown Regional Holdings Limited CRHL regional development New Zealand regional investment governance financial experience