Shell joins Equinor in $9.8bn Canadian offshore project

Supermajor Shell has agreed to acquire a 30% interest in Equinor’s Bay du Nord project offshore Newfoundland and Labrador as the partners push the development towards a final investment decision targeted for early 2027. Equinor will retain a 70% interest and remain the project operator, which is currently completing front-end engineering and design work. Bay …