BP said it has decided to sell its non-operated interest in the Bay du Nord offshore project in Newfoundland and Labrador, Canada, to Equinor. The announcement is a portfolio reshaping step, but no price, valuation, or production impact was disclosed in the report. Overall, it is likely to be only mildly relevant for near-term trading absent deal-size details.
BP said it has decided to sell its non-operated interest in the Bay du Nord offshore project in Newfoundland and Labrador, Canada, to Equinor. The announcement is a portfolio reshaping step, but no price, valuation, or production impact was disclosed in the report. Overall, it is likely to be only mildly relevant for near-term trading absent deal-size details.
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