The Bay du Nord oil field is located 500 kilometres (310 mi) northeast of St. John's, Newfoundland, Canada.[1] The offshore development is owned by Equinor.
History
editThe property was discovered in 2013.[2]
On 6 April 2022, Equinor's project was approved under Section 54 of the Canadian Environmental Assessment Act, 2012 by the Federal government of Canada. Environment Minister Steven Guilbeault faced stiff opposition in cabinet but won the day. The project will use an FPSO vessel.[3]
On 14 June 2023, the project's development was shelved,[4][5] for up to three years.[6] That year, it was worth $16 billion.[7]
On 22 January 2024, the project was restarted.[8]
References
edit- ^ "The Bay du Nord project".
- ^ "Oil & gas field profile: Bay du Nord Conventional Oil Field, Canada". 22 November 2021.
- ^ Roberts, Darrell (6 April 2022). "Federal government approves controversial Bay du Nord oil project". CBC.
- ^ "Bay du Nord project on hold for up to three years". 14 June 2023.
- ^ "Equinor shelves Bay du Nord development offshore Canada". 15 June 2023.
- ^ "Equinor postponing Bay du Nord oil project off Newfoundland for up to three years". 31 May 2023.
- ^ "Bay du Nord: The $16-billion oil project that could make or break Newfoundland". 2 March 2023.
- ^ "Equinor signals restart of Bay du Nord project in Canada - the Energy Year". 22 January 2024.
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