Australian company seeks permit to explore Taranaki Basin for oil and gas
A subsidiary of Perth-based Pancontinental Energy has applied for a permit to search almost 10,000 square kilometres off New Zealand's North Island west coast for oil and gas. The bid adds to the country's ongoing energy-supply debate.
A subsidiary of Perth-based Pancontinental Energy has formally applied for a permit to explore almost 10,000 square kilometres off New Zealand's North Island west coast for oil and gas.
The application comes amid New Zealand's ongoing debate over boosting domestic energy supply while balancing climate commitments. The country has shifted its offshore exploration policy several times in recent years.
Officials have begun reviewing the application, while environmental groups argue any approval could conflict with climate goals. The outcome will be closely watched as a signal of the government's energy policy direction.
Read next
US wants Iran to pledge to stop shooting at ships in Strait of Hormuz
US media report that Iran told American officials an attack on ships crossing the Strait of Hormuz earlier this week was "a mistake." Washington is now seeking a formal pledge to prevent a repeat.
Trump administration subpoenas NYT reporters over Air Force One security reporting
New housing law targets affordability — what it means for homebuyers and sellers
Telstra to face Senate inquiry after nationwide network outage
