BP Exits Bay du Nord Oil Project, Leaving Equinor as Sole Owner
BP agreed to sell its 37.2% stake in Canada’s Bay du Nord offshore oil project to partner Equinor, making Equinor the sole owner, according to the companies. Financial terms were not disclosed. Equinor plans a final investment decision in early 2027. The project targets first oil in 2031 and requires about C$14 billion investment, with expected initial output of over 400 million barrels.




