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Rush to take up offshore gas drilling unlikely

Gas companies appear unlikely to rush in to open ocean exploration despite the Government's decision to lift a ban imposed by its predecessor ....

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Business.Scoop » Natural Gas Production Continues To Decline

Business Scoop provides news and views on Business and Markets from New Zealand ....

New Zealand General , New Zealand , Mike Hayward , Energy Quarterly , Ministry Of Business , Press Release , Manager Mike , Huntly Unit , Rangitaiki Solar Farm , Turitea Wind Farm ,

New Zealand Seeks To Scrap Exploration Ban to Reverse Gas Decline

This week, the coalition government said it would introduce a bill in Parliament in the second half of 2024 to remove the ban on petroleum exploration beyond onshore Taranaki. ....

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Natural Gas Production Continues To Decline

“Natural gas net production for the quarter was 31.89 PJ, a 12 per cent decrease on March 2023 and the lowest quarterly net production since March 1985,” says MBIE Markets Manager Mike Hayward. ....

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Futures point to lower NZ power prices, but there's a catch

Futures market pricing indicates New Zealand wholesale power prices will fall over the next few years as a raft of new renewable energy projects come on. ....

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