March 5, 2026–Written by Daniel Graeber for IIR News Intelligence (Sugar Land, Texas)–The provincial government in Newfoundland and Labrador said it opted to advance the Bay du Nord offshore oilfield after reaching agreements with Equinor and BP.
“Agreements on life-of-field benefits, royalties and an equity option have been reached with partners Equinor and BP,” the provincial government said.
