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.
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.
