New Zealand Awards First Offshore Oil License Since Ending Drilling B… | HappeningNow.news

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New Zealand Awards First Offshore Oil License Since Ending Drilling Ban

New Zealand’s government has awarded the first offshore oil and gas exploration license after last year lifting a ban on drilling, put in…

Source OilPrice AI Summary Updated 2h 10m ago
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AI Summary

New Zealand’s government has awarded the first offshore oil and gas exploration license after last year lifting a ban on drilling, put in place by the previous government that wanted to focus on a transition from hydrocarbons to electricity from low-carbon sources. The new government, however, is focusing on energy security, and last year removed the ban, i…

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