--- title: "Shell to buy 30% of Equinor's Bay du Nord oil project" publication: "MediaBias News" url: "https://mediabias.news/business/shell-to-buy-30-of-equinors-bay-du-nord-oil-project" api: "https://mediabias.news/api/v1/stories/shell-to-buy-30-of-equinors-bay-du-nord-oil-project" markdown: "https://mediabias.news/business/shell-to-buy-30-of-equinors-bay-du-nord-oil-project.md" audio: "https://mediabias.news/api/audio/shell-to-buy-30-of-equinors-bay-du-nord-oil-project" category: "Business & Economy" published: "2026-10-09T18:05:32.270Z" source_reported: "2026-10-09T16:30:17.000Z" updated: "2026-10-09T18:05:32.270Z" trust_score: 68 critic_score: 85 hype_score: 15 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-10-09T18:54:23.250Z" --- # Shell to buy 30% of Equinor's Bay du Nord oil project *The deal sees Shell acquire a non-operated interest in the offshore development planned east of St. John's.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 68 of 100, higher is better. Trust boosted by named executive Philippe Mathieu and Equinor news release providing 30% stake and $14 bn figure. - Craft 85 of 100, higher is better. Provides context, specific figures, and next steps without editorializing. - Hype 15 of 100, lower is better. Headline matches factual body; no sensational language. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - Shell will acquire a 30% non-operated interest in the Bay du Nord offshore oil project from Equinor. - Equinor will retain a 70% operating interest in the project, located about 500 km east of St. John's, Newfoundland. - The Bay du Nord development is estimated to cost C$14 billion and a decision on proceeding is expected early next year. - This project would be Canada's first deepwater oil development. Shell has agreed to acquire a 30% non-operated interest in the Bay du Nord offshore oil project from Equinor. Equinor will keep a 70% operating interest in the development. The project is located approximately 500 kilometres east of St. John's, Newfoundland, and would be Canada's first deepwater oil development. The estimated cost for the Bay du Nord development is C$14 billion. Equinor is expected to make a decision on whether to proceed with the project early next year. The deal follows BP's earlier decision to sell its interest in the project. ## Coverage comparison ## What the coverage left out None of the left-rated or centre-rated reports mention the specific detail that the Bay du Nord project would be located farther away from shore than any other offshore oil project globally, a detail noted in the full report from CBC News. ## Who covered it Shares of the 11 covering outlets with a published leaning rating: - Left: 36% (4) - Centre: 64% (7) - Right: 0% (0) 9 of 20 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-10-09T18:54:23.250Z. **Coverage watch:** developing. Checked 5 times; 0 checks found a material change. Most recently checked 2026-10-09T19:15:09.643Z. ## How the sides framed it ### Left - Reports from the left-rated outlets focused on the agreement for Shell to acquire a 30% stake in the Bay du Nord oil project off Newfoundland. They stated that Equinor would retain a 70% operating interest and noted the project's location approximately 500 km east of St. John's. The estimated cost of C$14 billion and its status as Canada's first deepwater oil development were also mentioned. ### Centre - Centre-rated reports highlighted Shell's agreement to take a 30% stake in Equinor's Bay du Nord oil project. These reports mentioned that Equinor would retain the remaining 70% interest and that the project is estimated to cost C$14 billion. The decision on whether to proceed with the development was noted as expected early next year. Some reports also referenced BP's prior decision to sell its interest in the project. ### Right No separate framing summary. **Provisional coverage gap:** right. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - high: 4 - unknown: 10 - veryHigh: 6 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [VOCM](https://vocm.com/2026/10/09/312914) — Agreement Reached in Bay du Nord Project; Shell to Purchase 30 Per Cent Ownership - [Oil & Gas 360](https://oilandgas360.com/shell-expands-canadian-oil-portfolio-with-bay-du-nord-deal) — Shell expands Canadian oil portfolio with Bay du Nord deal - [Le Devoir](https://ledevoir.com/actualites/environnement/1015775/shell-aura-participation-30-projet-petrolier-bay-nord-terre-neuve-labrador) — Shell Will Have 30% Participation in the Bay Du Nord Oil Project in... - [Airdrie City View](https://airdriecityview.com/national-business/shell-buying-30-per-cent-stake-in-bay-du-nord-oil-project-off-newfoundland-12876597) — Shell buying 30 per cent stake in Bay du Nord oil project off Newfoundland - [themarketonline.ca](https://themarketonline.ca/tsx-market-open-oct-9-2026-shell-bay-du-nord-openai-2026-10-09) — Market Open: Shell Buys Bay du Nord Stake as OpenAI Revenue Rattles AI Trade - [teleborsa.it](https://teleborsa.it/News/2026/10/09/shell-acquisira-il-30percent-nel-progetto-petrolifero-bay-du-nord-di-equinor-in-canada-145.html) — Shell Will Acquire 30% in the Oil Project Bay Du Nord of Equinor in Canada - [Les Affaires](https://lesaffaires.com/bourse/shell-va-acquerir-une-participation-de-30-dans-le-projet-petrolier-bay-du-nord) — Shell Will Acquire a 30% Stake in the Bay Du Nord Oil Project - [1prime.ru](https://1prime.ru/20261009/equinor-874116574.html) — Equinor Gave Shell a 30% Share of the Canadian Oil Project - [Western Investor](https://westerninvestor.com/national-business/shell-to-buy-30-per-cent-stake-in-bay-du-nord-oil-project-off-newfoundland-12876613) — Shell to buy 30 per cent stake in Bay du Nord oil project off Newfoundland - [gCaptain](https://gcaptain.com/equinor-brings-shell-into-14-billion-bay-du-nord-project) — Equinor Brings Shell Into $14 Billion Bay du Nord Project - [CBC News](https://cbc.ca/news/canada/newfoundland-labrador/bay-du-nord-shell-9.7375384) — Shell to buy 30% stake in proposed Bay du Nord oil project off Newfoundland - [The Toronto Star](https://thestar.com/news/canada/newfoundland-and-labrador/shell-to-buy-30-per-cent-stake-in-bay-dud-nord-oil-project-off-newfoundland/article_af8e1874-d602-510f-920d-297bc3a14b4e.html) — Shell to buy 30 per cent stake in Bay du Nord oil project off Newfoundland - [Rocky Mountain Outlook](https://rmoutlook.com/national-business/shell-to-buy-30-per-cent-stake-in-bay-dud-nord-oil-project-off-newfoundland-12876597) — Shell to buy 30 per cent stake in Bay dud Nord oil project off Newfoundland - [Bowen Island Undercurrent](https://bowenislandundercurrent.com/national-business/shell-to-buy-30-per-cent-stake-in-bay-dud-nord-oil-project-off-newfoundland-12876613) — Shell to buy 30 per cent stake in Bay dud Nord oil project off Newfoundland - [the deep dive](https://thedeepdive.ca/shell-buys-30-stake-in-equinors-bay-du-nord-project-ahead-of-final-investment-decision) — Shell Buys 30% Stake in Equinor’s Bay du Nord Project Ahead of Final Investment Decision - [upstreamonline.com](https://upstreamonline.com/field-development/shell-dives-into-canadas-10-billion-bay-du-nord-project/2-1-2056598) — Shell dives into Canada's $10 billion Bay du Nord project - [The Globe & Mail](https://theglobeandmail.com/business/article-shell-to-take-30-stake-in-equinors-bay-du-nord-oil-project-2) — Shell to take 30% stake in Equinor’s Bay du Nord oil project - [BizToc](https://biztoc.com/x/6e807e302fdcd36f) — Shell to take 30% stake in Equinor's Bay du Nord oil project in Canada - [Canadian Manufacturing](https://canadianmanufacturing.com/environment-and-safety/shell-buying-30-per-cent-stake-in-bay-du-nord-oil-project-off-newfoundland-322037) — Shell Buying 30 Per Cent Stake In Bay Du Nord Oil Project Off Newfoundland - [Winnipeg Free Press](https://winnipegfreepress.com/business/2026/10/09/shell-to-buy-30-per-cent-stake-in-bay-dud-nord-oil-project-off-newfoundland) — Shell to buy 30 per cent stake in Bay dud Nord oil project off Newfoundland ## Questions **What is the Bay du Nord oil project?** The Bay du Nord is a proposed offshore oil development located about 500 km east of St. John's, Newfoundland. If it proceeds, it will be Canada's first deepwater oil development. **What is the estimated cost of the Bay du Nord project?** The development of the Bay du Nord project is estimated to cost C$14 billion. A decision on whether to proceed with the project is expected early next year. **What is Shell's involvement in the project?** Shell has agreed to acquire a 30% non-operated interest in the Bay du Nord oil project from Equinor. Equinor will retain the remaining 70% operating interest. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/shell-to-buy-30-of-equinors-bay-du-nord-oil-project. Please cite as: MediaBias News, "Shell to buy 30% of Equinor's Bay du Nord oil project", https://mediabias.news/business/shell-to-buy-30-of-equinors-bay-du-nord-oil-project