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Oil tanker sailing in the open sea at dawn

Shell to Take a Slice of Equinor’s $10 Billion Oil Project in Canada

by
Industry News

Republished from Offshore Energy ·

Oil tanker sailing in the open sea at dawn

October 9, 2026 · 9 hours ago

Managing Editor

Shell Canada Energy, an affiliate of UK-headquartered energy giant Shell, has reached an agreement with Norway's Equinor to acquire a 30% non-operated interest in the Bay du Nord oil project located off the coast of Newfoundland and Labrador, Canada.

Equinor will retain a 70% interest and remain the operator of the project located in the Flemish Pass basin, approximately 500 kilometers offshore Newfoundland and Labrador, in water depths between 600 and 1,170 meters.

Republished from Offshore Energy.

View the original at Offshore Energy →

Source: Offshore Energy