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Newfoundland and Labrador

Equinor to acquire BP’s stake in Bay du Nord offshore oil project

Equinor to acquire BP’s stake in Bay du Nord offshore oil project

Equinor has acquired BP's remaining interest in the Bay du Nord deep-water oil project, gaining full control as it prepares for a final investment decision in early 2027. The transaction is part of BP's strategy to simplify its portfolio while Equinor continues project development.

Business ·7 Jul 2026, 04:34 ·Maeve Turner 3 min read