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10 March 2021 2:27 GMT Updated  10 March 2021 2:27 GMT New Zealand's upstream oil and gas industry today bemoaned the "end of an era" with the last exploration permit outside of the Taranaki basin being surrendered. Block 55794, also known as the Toroa permit, in the frontier Great South basin off the South Island was relinquished today by the 100% owner and operator New Zealand Oil and Gas (NZOG). NZOG chief executive Andrew Jefferies said his company had "exhausted all avenues to find a potential partner to progress drilling this acreage and so reluctantly relinquish”. Sign up for o...

Source: PEPANZ The surrender of the final exploration permit outside of Taranaki is the disappointing end of an era and a further blow to New Zealand’s energy security, according to the Petroleum Exploration and Production Association of New Zealand (PEPANZ). New Zealand Oil and Gas announced today it is surrendering the Toroa permit in the Great South Basin. “This is not surprising news, but still disappointing,” says PEPANZ chief executive John Carnegie. “A successful find could have helped lower emissions here in New Zealand and around the world by replacing coal for...

'End of an era': New Zealand Oil & Gas drops last oil permit in what was meant to be a 'new North Sea' 10 Mar, 2021 04:00 PM 5 minutes to read OMV was the last company to drill for oil off the coast of the South Island at the state of 2020, using the Chinese-owned COSL Prospector. Photo / Supplied OMV was the last company to drill for oil off the coast of the South Island at the state of 2020, using the Chinese-owned COSL Prospector. Photo / Supplied The Great South Basin, long touted as a possible "new North Sea" appears set to produce not a single barrel of oil or gas, with the las...

How did “working across the aisle” become the goal and not merely the means? Illustration by Paul Sahre Joe Biden ran for president promising to “revive” the spirit of bipartisanship, put an end to factional battles, and bring Americans together after an era of painful division. Yet faced with an intransigent, extremist Republican Party that has little to gain from compromise, such a vision of politics seems quaint at best. On Episode 26 of The Politics of Everything, hosts Laura Marsh and Alex Pareene look into the history of bipartisanship as an ideal. The show features Paul Blest,...

Press Release – PEPANZ A new investigation into how imported LNG might be needed to keep the lights on is disappointing but unsurprising, according to the Petroleum Exploration and Production Association of New Zealand (PEPANZ). The Gas Industry Company (GIC) has requested … A new investigation into how imported LNG might be needed to keep the lights on is disappointing but unsurprising, according to the Petroleum Exploration and Production Association of New Zealand (PEPANZ). The Gas Industry Company (GIC) has requested proposals for a study into the practicalities of importing LNG to f...