Shell to buy Canada’s ARC in a $16.4 billion deal boosting oil and gas output

Published on 27 April 2026

A Canadian LNG push could get a massive boost soon

Shell has agreed to acquire Canada’s ARC Resources in a $16.4 billion deal aimed at boosting production and expanding its footprint in the Canadian energy landscape. The move is seen as especially significant for Shell’s LNG ambitions, potentially strengthening supply and influence in a market where upstream scale and timing matter.

Shell’s $16.4 billion bid targets ARC Resources in Canada
The deal is designed to expand Shell’s production capacity
Canada’s assets could support Shell’s LNG strategy
A major consolidation could reshape competition in oil and gas

#acquisitions #lng #oil and gas #shell #canada

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Shell to buy Canada’s ARC in a $16.4 billion deal boosting oil and gas output

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