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Some oil and gas producers scared away for good: Shane Jones

It is unclear whether investors will come back when ban on offshore oil and gas exploration is removed by new coalition Government.

WATCH: Minister of Resources Shane Jones speaks with Brent Edwards.

Brent Edwards Wed, 29 Nov 2023
Key points
  • What's at stake: Whether energy companies will resume exploring for oil and gas.
  • Background: The new government intends to reverse the ban imposed by the former government on offshore oil and gas exploration and on mining on parts of the conservation estate, as part of its 100-day plan.
  • Main players: Energy Resources Aotearoa, John Carnegie, National, Act, NZ First, Shane Jones 

The coalition Government is poised to lift the ban on offshore oil and gas exploration and on mining on parts of the conservation estate as part of its 100-day plan.

But New Zealand First MP and Minister for Resources Shane Jones is not so sure when companies might begin exploring for gas and oil,

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Contact the Writer: brent@nbr.co.nz
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Key points
  • What's at stake: Whether energy companies will resume exploring for oil and gas.
  • Background: The new government intends to reverse the ban imposed by the former government on offshore oil and gas exploration and on mining on parts of the conservation estate, as part of its 100-day plan.
  • Main players: Energy Resources Aotearoa, John Carnegie, National, Act, NZ First, Shane Jones 
Some oil and gas producers scared away for good: Shane Jones
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