Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Oil & gas block offer good for business and communities

2 April 2014

Oil & gas block offer good for business and communities

BusinessNZ says today’s announcement by the Government that designated blocks of land and sea are being made available to international companies for petroleum exploration is a welcome signal for investment in our economy.

It sends a message to international investors that along with other economic opportunities in agribusiness, IT and high-tech manufacturing, we are “open for business”.

BusinessNZ Chief Executive Phil O’Reilly says the Block Offer regime has the ability to achieve economic rewards for business and communities if done in an environmentally responsible way.

“There is great potential here for converting international investment into providing more for our communities in key regional infrastructure projects – like schools, roads and hospitals.

“This announcement is the first step in what should be a transparent and responsible process.

“It is reassuring to know that the areas made available for bidding have been decided upon after consultation with iwi, hapū and local authorities.

“This is also a good opportunity to strengthen New Zealand’s energy security. We are currently ranked third for energy security amongst the top 25 energy users in the world according to the International Index of Energy Security Risk. So New Zealand is punching considerably above it weight in this area.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

New Paper: Ninety-Day Trial Period Has No Impact On Firms' Hiring

The introduction of a 90-day trial period has had no impact on hiring by New Zealand companies although they are now in widespread use, according to researchers at Motu Economic and Public Policy Research. More>>

ALSO:

Corrections: Serco Exits Equity Stake, Remains As Operator

Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. More>>

GDP: NZ Economy Grows Faster-Than-Forecast 0.7%

New Zealand's economy grew at a faster pace than expected in the first quarter of 2016 as construction expanded at the quickest rate in two years. The kiwi dollar jumped after the data was released. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news