bp exits Bay du Nord project, sells stake to Equinor
July 6, 2026
(World Oil) – bp has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to operator Equinor, continuing its strategy of simplifying its upstream portfolio and focusing capital on higher-value opportunities. The transaction includes bp’s interests across 10 licenses associated with the Bay du Nord development, representing an average 37.2% working interest. Financial terms were not
