fbpx

Type to search

Firm Allowed Oil and Gas Search Despite Ban – RNZ

A climate researcher asked: “Why would they allow further seismic survey if, as we understand, there’s no new offshore petroleum permits?”


Greymouth
Oil futures fell sharply on Wednesday after large consuming nations said they would release oil from reserves to counter tightening supply, pushing crude futures to their lowest closing levels in three weeks. Photo: Greymouth Petroleum.

 

New Zealand’s crown minerals regulator has allowed Greymouth Petroleum to piggyback off an existing oil and gas permit to survey more than than 260 square kilometres off the coast of Taranaki, Radio New Zealand reported.

The move initially puzzled Climate Justice Taranaki researcher Catherine Cheung. “Why would they allow further seismic survey if, as we understand, there’s no new offshore petroleum permits?”

Read the full report: Radio New Zealand

 

READ MORE:

Air New Zealand to Recapitalise as Strict Travel Curbs Eased

New Zealand Media Firm NZME Seeks Google Content Deal

Air New Zealand Unveils Huge Loss, Warns Worse to Come

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.