Chevron, Equinor out of New Zealand 

JOINT venture partners Chevron Corporation and Equinor have farmed out of New Zealand, abandoning their exploration offshore the North Island in the Pegasus-East Coast Basin, with both activists and petroleum lobbyists suggesting the move is a direct result of the Labour government’s 2018 ban on new offshore exploration. 

Chevron, Equinor out of New Zealand  Chevron, Equinor out of New Zealand  Chevron, Equinor out of New Zealand  Chevron, Equinor out of New Zealand  Chevron, Equinor out of New Zealand 

NZ PM Jacinda Ardern

The oilers have said it was a portfolio decision and not based on "policy or regulatory concerns" similar to what Shell said after a century of operations there when it left early last year and