# Shell Agrees to Acquire 30% Stake in Canada’s Bay du Nord Project

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/28982
Published: 2026-10-09T13:12:04.000Z
Updated: 2026-10-09T13:12:04.000Z
Section: Business

> Equinor will retain a 70% interest in the offshore oil project and remain its operator.

Shell has agreed to acquire a 30% interest in Canada’s Bay du Nord oil project, giving Equinor a 70% stake and leaving it as the project’s operator.

The transaction establishes Shell as a partner in the project while Equinor retains majority ownership and operational control.