Shell is making its biggest acquisition in a decade.

Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”).Acquisition accelerates Shell’s strategy by adding 370

Shell will buy Canadian shale producer ARC Resouces in a $16.4bn deal that the oil major says will boost its production and deliver “value for decades”. The London-listed oil major, which has been under pressure from shareholders to increase output and the level of reserves,

Shell’s US$16.4bn acquisition of ARC Resources this week sent a clear signal to global energy markets: long-life, low-cost, lower-carbon Canadian production is becoming strategically irreplaceable.

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”.

Shell (SHEL) to acquire ARC Resources (ARX) for $16.4B, offering shareholders CAD 32.80/share—a 20% premium. Deal adds 2B barrels to Shell's portfolio.

Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and