Shell, ARC Resources and Canada
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Shell is set to expand its reach in Western Canada with a deal to buy Arc Resources, a move expected to boost production at a time when Canada is looking to grow energy exports.
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Shell is looking to enhance its integrated gas portfolio and expand its presence in Canada with long-term Montney resources.
ARC Resources jumps on major acquisition deal with Shell, boosting outlook for LNG and Canadian energy assets.
Shell has struck a £12bn deal for Canadian gas giant ARC, in what will be its biggest acquisition since the takeover of BG Group more than a decade ago.
Shell has agreed a 16.4 billion US dollar (£12.1 billion) deal to buy Canadian energy firm ARC Resources in a bid to boost its gas production and reserves.The British energy giant said the acquisition will strengthen its resource base “for decades to come”.