Shell acquires 30% non‑operated interest in Equinor’s Bay du Nord offshore oil project
Equinor agreed to sell a one‑third share of its Bay du Nord development to Shell Canada Energy, keeping a 70% holding and remaining the operator. The transaction, announced on 9 Oct 2026, does not disclose a purchase price. The project, valued at roughly C$14 billion, targets a production envelope of 160 k‑175 k barrels of oil equivalent per day and expects first oil around 2031, with a final investment decision slated for early 2027 pending market and regulatory clearance.
