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Shell’s 16.4B ARC deal signals Canada energy comeback after decade of foreign pullout
Business
Published on 30 April 2026
Middle East risks are pushing majors toward Canada
Shell’s $16.4 billion plan to buy ARC Resources is a major readout of a renewed global push into Canada’s oil and gas. With conflict in the Middle East and disruption fears around the Strait of Hormuz, “safer” production markets are gaining attention, reversing a decade-long trend of foreign divestment.
- Shell’s $16.4B ARC purchase marks a big shift back to Canada
- Middle East tensions are reframing Canada as a safer energy base
- Strait of Hormuz disruption fears are driving investment decisions
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic