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It’s been a tough year for the minerals industry here and abroad but there is light at the end of the tunnel, writes National Minerals Manager Ilana Miller.
A bill to amend the Maritime Transport Act 1994 to clarify and strengthen the requirements on owners of offshore oil and gas installations to hold insurance or other financial security in relation to their liability for clean-up and compensation resulting from an oil spill was introduced to Parliament on 20 June 2019.
Welcome to the June issue of The Regulator’s Update. In this issue: Regulatory wrap up, Resource strategy for NZ being developed, Fees and royalties due, Law changes to change in control of permit operator for tier 1 operators and Farewell to our National Manager Petroleum and Minerals.
New Zealand Petroleum & Minerals has today launched the Block Offer 2018 tender for petroleum exploration permits.