Oil giant Shell agrees to buy Canada’s ARC Resources for $16.4 billion

Blockbuster $22B Shell-ARC deal bodes well for expansion to LNG Canada, experts say

CALGARY - Global energy heavyweight Shell PLC's plan to buy one of Canada's biggest natural gas producers bolsters the likelihood an expansion of the LNG Canada plant will move ahead, industry experts say.

Shell’s Canada deal is biggest acquisition in a decade

Shell has agreed to buy Canadian producer ARC Resources for $13.6bn (€11.6bn), its biggest deal in more than a decade as it seeks to bolster fossil fuel reserves.

Shell Arc Deal Underscores Canada Appeal as Energy Supplier

Analysts say Shell's purchase of Canada’s Arc Resources marks a vote of confidence in Prime Minister Mark Carney’s push to expand the nation’s hydrocarbon exports.

‘Win-win’ deal; How a Canadian buyout is rescuing Shell’s dwindling oil reserves: expert

Shell’s acquisition of ARC Resources is a “win-win” deal that rescues the energy giant from running out of supply, while also significantly growing a Canadian company, says an oil expert.

Shell’s blockbuster deal underscores Canada’s rising role in global LNG

Shell is making its biggest acquisition in more than a decade, agreeing to buy Canadian producer ARC Resources for $13.6 billion in a deal that deepens its bet on natural gas and reinforces Canada as a strategic growth hub, Bloomberg writes.  The transaction expands Shell’s resource base, supports long-term production growth and strengthens supply for LNG Canada, the export project positioned to connect Canadian gas to Asian markets. It also mar…

Shell goes big on Canadian gas with $22B deal to buy ARC Resources

Oil giant Shell is acquiring Canadian energy company ARC Resources in a stock-and-cash deal valued at $22 billion, including assumed debt.