Shell, ARC Resources and Canada
Digest more
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.
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.
ARC Resources jumps on major acquisition deal with Shell, boosting outlook for LNG and Canadian energy assets.
Shell is looking to enhance its integrated gas portfolio and expand its presence in Canada with long-term Montney resources.
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”.
The majority of Shell gas stations in London, Ont., have been without gas this past week with pumps blocked and sign boards displaying rows of zeros. Some employees in the city, who were not authorized to speak to CBC News,