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Consultation opens on Block Offer 2019

New Zealand Petroleum & Minerals has today initiated consultation with iwi and hapū on the proposed Block Offer 2019 release area for petroleum exploration permits.

Consultation opens on draft Minerals and Petroleum Resource Strategy

A draft Minerals and Petroleum Resource Strategy which seeks to support the transition to low emissions future, while building a productive, sustainable and inclusive economy has been released for public consultation by the Ministry of Business, Innovation and Employment.

New Kermadec mineral reservation

A new mineral reservation over the Kermadec and Colville Arcs has been put in place for two years until 2021 replacing a reservation that expires on 4 July.

Maritime Transport (Offshore Installations) Amendment Bill

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.

The Regulator’s Update - 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.

Block Offer 2018 opens

New Zealand Petroleum & Minerals has today launched the Block Offer 2018 tender for petroleum exploration permits.

Resource Strategy in development

Work has commenced on the Government’s Resource Strategy for petroleum and minerals which seeks to map out the long term vision for the petroleum and minerals sector in New Zealand.