According to CoinMeta, on the 29th, the New Zealand government granted a license to a private company to conduct oil exploration in the offshore area near the Taranaki Basin for a period of 12 years, which is the first time such permission has been granted since the related ban was lifted last year. New Zealand's Minister of Resources, Shane Jones, described this move as an "important milestone" for the country's energy industry, indicating that the government is "open to business investment." He pointed out that as existing natural gas fields gradually deplete, initiating new explorations is crucial to meeting New Zealand's future energy needs.