BW Offshore Signs Head of Agreement with Equinor for Bay du Nord FPSO Project.

BW Offshore has signed a Head of Agreement with Equinor for the Bay du Nord FPSO project in Canada, confirming its selection as preferred bidder. The FPSO will support production of up to 160,000 barrels of oil per day and feature a disconnectable turret system and emission reduction initiatives. The project is expected to begin FEED in early 2026, subject to approvals by Equinor and BP. BW Offshore will establish a local office in Newfoundland during FEED.