NZ Oil and Gas: 'We're not going anywhere'

NZ Oil and Gas: 'We're not going anywhere'
NZOG managing director Andrew Jefferies is keen to meet with the new energy minister and for them to get on with policy changes for the sector. (Image: NZ Oil & Gas)
Rebecca Stevenson
There hasn’t been much business to do in New Zealand, NZ Oil and Gas's managing director, Andrew Jefferies, says. In 2018, the then-Labour government banned offshore oil and gas exploration but allowed onshore exploration to continue until pausing it in December last year. Former prime minister Jacinda Ardern said in 2018 that it was imperative for NZ to transition to a zero-carbon economy, while Greens co-leader James Shaw called the ban this generation’s nuclear-free moment. The National part...

More Markets

NZ sharemarket rises strongly on power company gains
Markets Market Close

NZ sharemarket rises strongly on power company gains

Positive day for Mercury and Meridian as well as a2 Milk despite gloom on global front. 

Tom Raynel 04 Jun 2025
Why MCK’s failed takeover lost Sharesies a customer
Markets

Why MCK’s failed takeover lost Sharesies a customer

This former Sharesies user made bank on MCK, but is leaving the platform anyway.

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Gregor Thompson 04 Jun 2025