
The New Zealand government said Wednesday it launched the process for onshore and offshore oil and natural gas exploration permits for 2014. The government awarded 10 exploration permits for oil and natural gas during its first auction in December. Permits for 2013 will be awarded under new laws that consider health, safety and environmental factors for explorers. Energy and Resources Minister Simon Bridges announced Wednesday the government was looking ahead to the 2014 permit season. Bridges said the government would put five offshore areas and three onshore areas, covering a combined 167,500 square miles, on the auction block next year. The minister said the government was seeking input from local and aboriginal communities. "This is not about development at any cost," he said in a statement. "The government is committed to promoting and managing exploration interest in a safe and responsible way." Bridges told members of the Parliament the energy sector plays a "significant" role in economic development. Crude oil is New Zealand's fourth-largest export, contributing more than $2 billion to gross national product each year.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor