Petroleum industry welcomes end of offshore exploration ban

Petroleum industry welcomes end of offshore exploration ban
The end of the ban will not necessarily immediately lead to investment. (Image: Getty)
Greg Hurrell
The ban on offshore oil and gas exploration will go, although that doesn’t guarantee that investors will be flocking back to drill.The overturn of the ban – introduced by the Labour-NZ First-Green government in 2018 – was a priority for Act and NZ First in their coalition agreements with National.The announcement is hardly unexpected, given National’s own pledge to restore offshore exploration.The agreement with NZ First is to future-proof the natural gas industry by restarting offshore exploration and supporting the dev...

More Politics

Minister's $200m tobacco tax cut bypasses Cabinet requirements
Policy

Minister's $200m tobacco tax cut bypasses Cabinet requirements

Researchers say there's more evidence to support the repealed Smokefree policies.

Jem Traylen 26 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024
Health's 'hard reset', help wanted busting red-tape, and more...
Policy Business of Government

Health's 'hard reset', help wanted busting red-tape, and more...

Our weekly roundup of public sector news and analysis.

Jem Traylen 24 Jul 2024
Govt agrees 'in principle' to $10b worth of Northland roading PPPs
Infrastructure

Govt agrees 'in principle' to $10b worth of Northland roading PPPs

The Northland expressway project could be one of the first PPPs out of the gate.

Dileepa Fonseka 23 Jul 2024