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Shell will acquire a 30% stake in Equinor's Bay du Nord project offshore Newfoundland and Labrador, while Equinor keeps 70% and operatorship. The deal supports progress toward a final investment decision targeted for early 2027.
Shell will acquire a 30% stake in Equinor's Bay du Nord offshore oil project in Canada, advancing the C$14 billion development toward a final investment decision in early 2027.
Shell will acquire a 30% stake in the Bay du Nord offshore oil project in Newfoundland, with Equinor remaining the operator. The project is targeting first oil by 2031.