Shell has signed an agreement to acquire a 30% interest in Equinor’s Bay du Nord offshore oil project in Newfoundland and Labrador, Canada, as the companies advance the estimated C$14 billion development toward a final investment decision in early 2027. Under the agreement, Equinor will retain a 70% interest and remain operator of the deepwater […]
TGS has begun Phase 2 of its Orphan3D pre-stack depth migration (PSDM) reprocessing project offshore Newfoundland and Labrador, upgrading approximately 13,300 km² of 3D seismic data to support exploration in one of the North Atlantic’s most prospective offshore basins.
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.
Aker Solutions has been awarded a five-year engineering and maintenance services agreement by Cenovus Energy to support operations at the White Rose field offshore Newfoundland and Labrador, Canada.