Equinor Awards Pre-FEED Contracts for Bay du Nord FPSO in Canada

Equinor ASA (EQNR) , a Norwegian integrated energy firm, has taken a major step toward the development of its Bay du Nord oil project in Canada. The company has awarded pre-FEED (pre-Front End Engineering and Design) study contracts to two firms — BW Offshore and Altera Infrastructure — for a floating production storage and offloading (FPSO) vessel that will be deployed for the Bay du Nord oil project. The Bay du Nord discovery made by Equinor is anticipated to hold around 300 million barrels of high-qualit ...