• 5 hours Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
  • 10 hours Petrobras Creditors Agree To $6.22 Billion Debt Swap
  • 14 hours Cracks Emerge In OPEC-Russia Oil Output Cut Pact
  • 18 hours Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
  • 19 hours Chevron To Invest $4B In Permian Production
  • 21 hours U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
  • 23 hours Iraq Says Shell May Not Quit Majnoon Oilfield
  • 3 days Nigerian Oil Output Below 1.8 Million BPD Quota
  • 4 days Colorado Landfills Contain Radioactive Substances From Oil Sector
  • 4 days Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
  • 4 days Japan Court Slams Tepco With Fukushima Damages Bill
  • 4 days Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
  • 4 days Total Joins Chevron In Gulf Of Mexico Development
  • 4 days Goldman Chief Urges Riyadh To Get Vision 2030 Going
  • 4 days OPEC Talks End Without Recommendation On Output Cut Extension
  • 4 days Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
  • 4 days India In Talks to Acquire 20 Percent Of UAE Oilfield
  • 5 days The Real Cause Of Peak Gasoline Demand
  • 5 days Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
  • 5 days Oil Exempt In Fresh Sanctions On North Korea
  • 5 days Sudan, South Sudan Sign Deal To Boost Oil Output
  • 5 days Peruvian Villagers Shut Down 50 Oil Wells In Protest
  • 5 days Bay Area Sues Big Oil For Billions
  • 5 days Lukoil Looks To Sell Italian Refinery As Crimea Sanctions Intensify
  • 5 days Kurdistan’s Biggest Source Of Oil Funds
  • 6 days Oil Prices On Track For Largest Q3 Gain Since 2004
  • 6 days Reliance Plans To Boost Capacity Of World’s Biggest Oil Refinery
  • 6 days Saudi Aramco May Unveil Financials In Early 2018
  • 6 days Has The EIA Been Overestimating Oil Production?
  • 6 days Taiwan Cuts Off Fossil Fuels To North Korea
  • 6 days Clash In Oil-Rich South Sudan Region Kills At Least 25
  • 6 days Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction
  • 7 days India’s Oil Majors To Lift Borrowing To Cover Dividends, Capex
  • 7 days Gulf Keystone Plans Further Oil Output Increase In Kurdistan
  • 7 days Venezuela’s Crisis Deepens As Hurricane Approaches
  • 7 days Tension Rises In Oil-Rich Kurdistan
  • 7 days Petrobras To Issue $2B New Bonds, Exchange Shorter-Term Debt
  • 7 days Kuwait Faces New Oil Leak Near Ras al-Zour
  • 8 days Sonatrach Aims To Reform Algiers Energy Laws
  • 8 days Vitol Ups Cash-for-Oil Deals With Kazakhstan To $5B
How Mexico’s Energy Reform Will Impact The U.S.

How Mexico’s Energy Reform Will Impact The U.S.

Mexico imports a significant amount…

U.S. Shale’s Most Productive Play May Peak By 2021

U.S. Shale’s Most Productive Play May Peak By 2021

Geological limits within the world’s…

Oil & Gas Exploration: Turning Middle Earth into Mordor

New Zealand, perhaps more famously known as Middle Earth from the Lord of the Rings and Hobbit films, is famous for its untouched scenic vistas, the pristine, rolling landscapes, green hills, glaciers, volcanoes, and beautiful beaches. But all of this is now at risk as the country rushes to develop its hydrocarbon resources.

As the demand for energy increases around the world, countries are racing to extract all available reserves of oil and gas possible, hungry for the precious revenues on offer. Ecuador, ready to allow oil exploration in a national reserve in the Amazon rainforest, is another example of a country in pursuit of economic success despite the social and environmental costs.

New Zealand, in the quest to diversify from the traditional agricultural exports, has opened up its land and sea for oil and gas drilling and seabed mining.

Related article: How the Shale Boom has Effected the US Economy

Cindy Baxter, a New Zealand environmental activist, said that “basically the government seems to think that the economic future of New Zealand has to rely on digging up fossil fuels and mining. Anything they can open up and prospect, they will.”

Nathan Argent, the Policy Advisor for Greenpeace in New Zealand, stated that “the government has invested a lot of political capital to make it as easy as possible for oil companies to come and drill here. This includes really low royalties, low taxes and a permissive regulatory framework that in some places has taken away the public’s right to object to drilling.”

Argent explained that New Zealand has had a green reputation that was originally created after the sinking of the Greenpeace ship, the Rainbow Warrior. The ship was moored in Auckland and preparing to protest against French nuclear protests when it was sabotaged and sunk. In response the New Zealand government sent its own ship to protest the nuclear tests, with Cabinet Ministers aboard.

Argent said that “30 years later it’s hard to overstate the importance of our clean reputation, because 70 percent of our exports are traded off that basis and half the jobs in New Zealand rely on it. We’re a nation of protesters, so these law changes were a step too far for many people.”

New Zealand`s stunning vistas
New Zealand`s stunning vistas are threatened by oil and natural gas exploration.

Related article: Gas Game Heats Up In Mozambique

Argent complains that the government is keen on developing its oil and gas resources due mostly to laziness. He claims that “if all the government has to do it divvy up parts of the ocean, give permits and change a law here and there, then they don’t have to think outside the box. But if you critique what the government is actually doing as far as creating jobs and bringing about economic development, it’s really very little. At the moment the best they’ve got is oil, gas, and subsidies for the dairy sector, which is also having a rather negative impact on our environment.”

Middle Earth could quite easily turn from a place of idyllic hobbit settlements, to disturbing landscapes more akin to Mordor.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Bob Boas on September 19 2013 said:
    This is so far from reality and the truth and so extremist as to be irresponsible journalism. Safeguards and environmental protection are included in all permits and after 30 years of exploration and fracking there have been no serious pollution events in the oil exploration scene anywhere in the country. What are these people on against? This is the 4th to biggest earner of income for the country and employs thousands of people. Heads in the fracking sand I say.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News