Stories tagged with "Economy"
A $3 million Regional Infrastructure Fund grant has been awarded to the Taranaki Alliance to help local engineering and manufacturing firms transition away from the oil and gas sector.
Todd Energy will receive a $23.5 million loan from the Government's Gas Security Fund to support two natural gas projects in North Taranaki.
Resources Minister Shane Jones says lucrative military contracts could provide a vital lifeline for Taranaki's heavy engineering sector following the announced closure of the Methanex Motunui plant.
Methanex Corporation has announced it will indefinitely idle its New Zealand production facilities in early 2027, dealing a major blow to the Taranaki economy due to declining natural gas availability.
Regulator New Zealand Petroleum and Minerals has awarded a 10-year petroleum mining permit to Matahio NZ Onshore Limited for the Puka field in onshore Taranaki.
Canadian methanol producer Methanex has restarted its North Taranaki plant at reduced capacity, but the impending closure of the Māui gas field still threatens a total shutdown.
New Zealand First leader Winston Peters has pledged an initial $1 billion to map the country's offshore oil and gas reserves if elected, focusing on energy security.
UK-based Sunda Energy has applied for a petroleum exploration permit off the North Taranaki coast, marking the sixth application since the offshore exploration ban was lifted.
An Australian energy firm has applied for a petroleum prospecting permit covering nearly 10,000 square kilometres of deepwater ocean off the Taranaki coast.
TSB Bank has reported a net profit before tax of $63.3 million for the year ended 31 March 2026, representing a 10% increase on the previous year.
The National Party has announced a major policy shift to make KiwiSaver contributions mandatory for all workers by 2028 and introduce automatic enrolment for newborns.
Mayor Max Brough has revealed that Kmart is reviewing local retail data and remains interested in expanding to New Plymouth, though finding a suitable central location remains a challenge.
Energy Minister Simeon Brown has confirmed that two shortlisted developers for a new $1 billion LNG import terminal at Port Taranaki are progressing to the final selection stage.
The Government will discontinue funding for Ara Ake, New Zealand's national energy innovation centre based in New Plymouth, as part of Budget 2026 reprioritisation.
Air New Zealand is reducing its schedule by cutting 15 return flights between New Plymouth, Auckland, and Wellington to manage high jet fuel costs.
NZTA has announced that State Highway 3 through Awakino Gorge will remain closed until May 2 as crews work to clear a massive slip and stabilize the hillside.
Westpac chief economist Kelly Eckhold predicts 91 octane petrol will reach $3.70 per litre due to global supply disruptions, sparking concern for Taranaki's economy.
Prime Minister Christopher Luxon has warned that the proposed liquefied natural gas import terminal at Port Taranaki will only proceed if there is a strong business case.
