NZ govt ends new offshore oil and gas exploration

Wed, 11 Apr 2018

By Pattrick Smellie April 12 (BusinessDesk) - The New Zealand government will issue no new exploration permits for offshore oil and gas fields in a historic move to support its commitment to action on climate change. While some 22 existing offshore oil and gas exploration permits remain in place, with rights to explore and potentially develop any commercial discovery unaffected, the decision signals the endgame for decades of attempts to find major new oil and gas deposits outside the Taranaki Basin, where the offshore Maui, Kupe, Maari,...

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