The federal and provincial governments need to sweeten the pot for energy giant Equinor, or else risk losing out on billions ...

Canada's first deep water oil project has been shelved for three years "in the face of challenging market conditions," according to Norwegian oil giant Equinor. The company sent a news release shortly ...

Equinor's top executive in Canada, Tore Løseth, told CBC News Friday that the oil company and its partner, BP Canada, are exploring all options in a bid to reduce costs for the stalled Bay du Nord ...

Tore Løseth, Equinor's top executive in Canada, remains cautiously optimistic about the Bay du Nord offshore oil project. (Patrick Butler/Radio-Canada - image credit) Tore Løseth, Equinor's top ...

Equinor ASA EQNR received approval from the Canada government to proceed with the Bay du Nord development project to drive the Newfoundland and Labrador economy. Discovered in 2013, Bay du Nord is ...

Canada could soon be the first country on Earth to pay millions of dollars in international oil royalties as a consequence of the Bay du Nord megaproject in Newfoundland and Labrador's offshore — but ...

In 2021, the International Energy Agency — not known for its ecological sensitivity — pleaded for an immediate moratorium on new projects for the exploration and exploitation of fossil fuels. Despite ...

With water depths of some 1,200 metres, Equinor's Bay du Nord project will use a floating production, storage and offloading vessel, better known as an FPSO, like the one pictured here in this ...

Equinor Canada Ltd. received approval from the Government of Canada for development of the deepwater Bay du Nord oil discovery in the Flemish Pass basin, Newfoundland and Labrador. The Bay du Nord ...