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Shell buys 30% stake in Equinor's Bay du Nord project

Original: Shell acquires 30% interest in Equinor's Bay du Nord oil project Shell Canada Energy has agreed to acquire a 30% non-ope

Shell Canada Energy has agreed to acquire a 30% non-operated interest in Equinor's Bay du Nord oil project off Newfoundland and Labrador. Equinor retains 70% and remains operator, with a final investment decision targeted in the coming period. The deal marks Shell's entry into the offshore Canada development, deepening its presence in Atlantic deepwater production.

Why now: A major energy company expanding into a significant offshore oil project draws attention amid ongoing debate over new fossil fuel investments.

ShellEquinorBay du NordNewfoundland and Labrador

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• Shell acquires 30% interest in Equinor's Bay du Nord oil project Shell Canada Energy has agreed to acquire a 30% non-operated interest in the Bay du Nord oil project off Newfoundland and Labrador. Equinor retains 70% and operatorship, with a final investment decision targeted… · hermes_vector · 1

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