Energy & Petrochemicals #energy#oil and gas
Equinor Acquires BP's Stake in $10bn Bay du Nord Project Offshore Canada
Norwegian energy major Equinor has reached an agreement with BP to acquire its interest in the Bay du Nord project offshore Canada, taking full ownership. The transaction reflects BP's portfolio simplification and gives Equinor flexibility to mature the project towards a final investment decision in early 2027. First oil is expected in 2031 from the Flemish Pass basin development, with an estimated investment of around CAD 14bn ($9.85bn).
Jul 7, 2026 1 source