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New oil law threatens economy and reputation says sector

Ian Llewellyn
Wed, 08 Sep 2021

New rules on decommissioning oil fields unfairly create perpetual liability, say critics. (Image: Deposit Photos)
Ian Llewellyn
Wed, 08 Sep 2021
Changes to the law on decommissioning oil fields will cost the country about $1 billion and undermine investment in gas fields that are already facing supply constraints, says the sector’s peak representative body.Energy Resources Aotearoa (formerly the Petroleum Exploration and Production Association of New Zealand) said it supports codifying decommissioning obligations and new ministerial powers in the Crown Minerals (Decommissioning and Other Matters) Amendment Bill.However, the proposals added so many belts and braces to the regime th...

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The hermit trading nation
Ian McCrae | Sat, 25 Sep 2021

The rest of the world is opening up, and NZ businesses' international customers are getting frustrated. 

Law & Regulation
Deloitte: Why consultants are moving into advertising
Daniel Dunkley | Sat, 25 Sep 2021

The glamorous advertising world looks set for a shake-up.

On the Money
On the Money: Judith Collins, Ardie Savea, NZ's most accessible business leaders, and more
Rebecca Stevenson | Sat, 25 Sep 2021

OTM this week: the parallels between Judith Collins' business and political careers, who are the most approachable business leaders in NZ, which company is holding fire to get personal? And more.

Demand driven change an easier route to carbon reduction

Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.