ChemBriefShell Acquires 30% Stake in Equinor's Bay du Nord Project
Shell has acquired a 30% non-operating interest in Equinor's Bay du Nord offshore project in Canada, with total investment estimated at 14 billion CAD and production expected by 2031.
Shell has acquired a 30% non-operating interest in Equinor's Bay du Nord offshore project in Canada, with total investment estimated at 14 billion CAD and production expected by 2031.
Equinor and Aker BP discovered gas in the Linga prospect northwest of the Balder field, with recoverable estimates between 0.1 and 2.1 million standard cubic metres of oil equivalent.
Major oil giants including BP, Shell, and Equinor are redirecting capital from low-carbon projects to traditional upstream oil and gas operations. Reports indicate low-carbon investment fell to 2019 l
Equinor scrapped its 2030 renewable energy capacity target and reduced investment, prioritizing oil and gas output forecasts instead. This strategic shift aligns with peers like BP and Shell amid broa