Equinor Ends Oil Exploration Project in Great Australian Bight

Great Australian Bight in South Australia. Chris Fithall/CC BY 2.0 [https://creativecommons.org/licenses/by/2.0/]

Planned oil exploration in the Great Australian Bight won’t go ahead after Norwegian oil company Equinor pulled the plug on the A$200 million project.

Equinor said the proposed oil drilling was no longer deemed “commercially competitive compared with other exploration opportunities in the company.”