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One onshore petroleum exploration permit granted 05 March 2024

One onshore petroleum exploration permit has today been granted through the Block Offer 2020 competitive tender process.

Offshore petroleum permit granted and Block Offer 2020 tender opens 28 March 2023

New Zealand Petroleum and Minerals has granted an offshore petroleum exploration permit after a court-ordered reconsideration and released the Block Offer 2020 Invitation for Bids for onshore petroleum exploration in Taranaki.

Second phase of Tui Oil Field decommissioning under way 01 April 2022

Specialist deep-sea divers have this week started work off the Taranaki coast to kickstart the second phase of the decommissioning of the Tui Oil Field which is being overseen by the Ministry of Business, Innovation and Employment (MBIE).

Law change brings new decommissioning obligations and added enforcement 02 December 2021

The Crown Minerals (Decommissioning and Other Matters) Amendment Act received Royal assent on 1 December 2021 and a number of new provisions are now in force.