BP picks up stake in Bay du Nord off Newfoundland while walking away from oilsands - CBC.ca

Energy giant BP has become the second oil major to depart Alberta's oilsands and focus on the offshore. BP is buying Cenovus's 35 per cent stake in the undeveloped Bay du Nord project, planned for deep waters east of Newfoundland.

There's been a notable shakeup in Newfoundland and Labrador's offshore oil industry, with British energy giant BP acquiring Cenovus's 35 per cent stake in the undeveloped Bay du Nord project. It's p… [+4947 chars]

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