Perspective with Ryan Bridge: Why are the oil and gas companies scared to invest in us?

There are two ways to look at this oil and gas announcement today.

Aussie outfit EnZed Energy's been given the nod to go have a sniff around off the coast of Taranaki.

That's important because they're the first company to be given that right since the Ardern ban. But there's already talk online about the fact this was the only application. There was nobody else applying for this permit, and it's just to have a poke around.

Andrew Dickens: The bigger problem isn't oil

The New Zealand Government has officially granted the first new offshore oil and gas exploration permit since reversing its ban, awarding it to Adelaide-based Australian explorer EnZed Energy.

EnZed Energy, an Australian start-up. So, it’s their first rodeo.

Ryan Bridge: A billion-dollar Gamble on oil

New Zealand First wants to spend a billion bucks looking for oil and gas fields to make our country rich again.

Well, richer.

A bit more like the place our kids go to earn a living, Australia, who've pulled in $430 billion in mining royalties over the past decade alone.

Ele Ludemann: UK should learn from NZ’s mistake

Is anyone surprised that New Zealand’s gas production is continuing to decline?

New Zealand’s natural gas production continues to decline according to the latest Energy Quarterly data released today by the Ministry of Business, Innovation and Employment (MBIE).

“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.