POLICY

Norwegian government won't end Equinor's Bight plans

CONCERNS that the government of Norway, which holds a 67% majority interest in state oil giant Equinor via its sovereign wealth fund, will pressure the company into abandoning plans to conduct oil and gas exploration in the Great Australian Bight are unfounded, according to Norwegian minister of petroleum and energy Kjell-Borge Frieberg.

 Eni CEO Eldar Sætre

Eni CEO Eldar Sætre

  The government has said it will not intervene in the oiler's business activities and refused calls from a local member of parliament to instruct Equinor, formerly Statoil, to halt controversial plans...

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