Equinor buys out BP in Bay du Nord development
Equinor has reached an agreement with BP to acquire its interest in the Bay du Nord development. The deal increases Equinor’s ownership of the project to 100 per cent. In a statement, Equinor said the transaction reflects BP’s efforts to simplify its portfolio, and gives Equinor increased flexibility to continue maturing the Bay du Nord project towards a final investment decision in early 2026.
Equinor says it will continue moving towards a final decision, subject to market conditions, regulatory approvals, and internal approvals.
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