Energy, Oil & Gas

Shell acquires 30pc stake in Equinor’s Bay du Nord offshore project

Equinor and Shell have signed an agreement for Shell to acquire a 30 per cent interest in the Bay du Nord oil development offshore Newfoundland and Labrador, Canada, supporting the project’s progress towards a final investment decision targeted for early 2027....

Energy, Oil & Gas

bp agrees to sell Bay du Nord stake to Equinor

bp has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to Equinor. The transaction is consistent with bp’s continued focus on portfolio simplification and disciplined capital allocation....