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The latest Oil and Gas news from Oil and Gas Journal
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Aker BP has agreed to acquire Equinor Energy’s 77.8% interest in the King Lear gas-condensate discovery in the Norwegian North Sea for $250 million with plans to develop it as a satellite to Ula field.

Posted: October 15, 2018, 3:33 pm

Light, sweet crude oil rose modestly for the November contract to settle above $71/bbl on the New York market Oct. 12 while Brent crude oil for the December contract held above $80/bbl in London. Oil prices continued their upward momentum in early trading Oct. 15 after US President Donald Trump said the US would impose “severe punishment” on Saudi Arabia if an investigation implicates the Saudi government in the suspected killing of a dissident Saudi journalist.

Posted: October 15, 2018, 2:45 pm

Sydney-based AGL Energy’s plans to establish an LNG import terminal at Crib Point in Victoria by 2021 will be delayed following the Victorian government’s call for the company to submit a full environmental assessment of the project.

Posted: October 12, 2018, 8:44 pm

BP CEO Bob Dudley strongly criticized oil and gas critics’ calls for investors to sell their holdings in fossil fuel companies and invest in renewable alternatives instead. “They push for potentially confusing disclosures, raise the specter of a systemic risk to the financial system from stranded assets and campaign for divestment—all in an effort to squeeze oil and gas out of the fuel mix,” he said during an Oct. 10 address to the 2018 Oil & Money conference in London.

Posted: October 12, 2018, 8:02 pm

It is time for the world to stop arguing and take action if it expects to make the necessary energy transition to meet climate goals outlined in the 2015 Paris accords, the chief economist for Equinor ASA said. “There’s an urgent need to stop talking about scenarios and start actually doing something. It’s an enormous task,” said Eirik Waerness, who also is a senior vice-president at the Norwegian multinational energy company, in an Oct. 10 presentation at the Center for Strategic & International Studies.

Posted: October 12, 2018, 5:43 pm
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