OB:EQNROil and Gas
Equinor’s Bay Du Nord FEED Deal Tests Valuation And Growth Expectations
BW Offshore and Equinor (OB:EQNR) have signed a Front End Engineering and Design agreement for an FPSO for the Bay du Nord project offshore Canada.
The FEED agreement frames detailed engineering work ahead of a potential final investment decision on the Bay du Nord development.
This step formalises cooperation between the two companies on a large deepwater oil project outside Equinor's home market.
For Equinor, best known for its operations on the Norwegian Continental Shelf, Bay du Nord...