Shell acquires 30% non‑operated interest in Equinor’s Bay du Nord offshore oil project
Equinor announced that Shell will purchase a 30% non‑operated stake in the Bay du Nord development off Newfoundland and Labrador, while Equinor keeps a 70% share and remains the operator. The transaction was disclosed on 9 Oct 2026 and is subject to regulatory clearance. The partnership is intended to move the project toward a final investment decision expected in early 2027, with first oil targeted for 2031.
