Shell acquires 30% of Equinor's Bay du Nord project - MarketScreener Spain
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Shell acquires 30% of Equinor's Bay du Nord project Published on 10/09/2026 at 14:14 Finwire - Translated by Marketscreener Legal notice Contact us for any correction requests Back - View original Add MarketScreener to your sources Share SHELL PLC -0.11 % EQUINOR ASA +0.68 % Oil company Shell has reached an agreement with Equinor to acquire a 30% stake in the Bay du Nord oil project, located off the coast of Newfoundland and Labrador, in Canada. Equinor will retain the remaining 70% and continue as operator. Financial details of the transaction have not been made public. The project is expected to have a production capacity of between 160,000 and 175,000 barrels of oil equivalent per day, with extraction starting in 2031. At this time, a final investment decision has not yet been made. © Finwire - 2026 Add MarketScreener to your sources Share
