Risks from exploration ban coming to pass

Wed, 19 Jun 2019

By Gavin Evans June 19 (BusinessDesk) - The departure of Chevron and Equinor from New Zealand’s exploration scene is a huge lost opportunity and shows how quickly the risks from the government’s exploration ban are coming to pass, energy analyst John Kidd says. Chevron is a global-scale player. It was exploring for resources to supply low-emission gas to meet rising energy demand in Asia – much of it currently met by coal – as it does from its LNG facilities in Australia, he said. “A company the scale of Chevron wasn’t here to make a s...

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