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Equinor revives Bay du Nord oil project off Canada with preliminary work by BW Offshore and Altera Infrastructure.
Norwegian energy company Equinor has hired BW Offshore and Altera Infrastructure to conduct preliminary work on the stalled Bay du Nord offshore oil project in Newfoundland and Labrador, Canada.
Approved by the Canadian government in 2022, the $16 billion project was put on hold in 2023 for up to three years to reassess cost-effectiveness.
The Bay du Nord oilfield, located 500 kilometers off St. John's, would be the first deep-water project in the region if it proceeds.
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Equinor revive el proyecto petrolero Bay du Nord frente a Canadá con trabajos preliminares de BW Offshore y Altera Infrastructure.