Shell Expands Portfolio with $16.4 Billion Acquisition of ARC Resources

Shell plc has reached a definitive agreement to purchase ARC Resources Ltd. for a total of $16.4 billion. This acquisition is a crucial move within Shell's strategic plan to broaden its energy operations and fortify its standing in North America.

ARC Resources is a significant entity within the Montney shale basin, a vital energy area in Canada that spans British Columbia and Alberta. Through this acquisition, Shell is set to increase its immediate production by approximately 370 thousand barrels of oil equivalent per day (kboe/d), encompassing both natural gas and liquids.

The company anticipates that this deal will facilitate an annual production growth rate of roughly 4% through 2030 compared to the levels of 2025. This will enable Shell to elevate its output while keeping a versatile energy portfolio.

Shell highlighted that the acquisition will significantly enhance its access to long-term, low-cost resources with minimal carbon intensity. The Montney basin is noted for its efficient extraction methods and relatively low emissions, positioning it as an appealing asset in the ongoing transition to greener energy practices.

The corporation is confident that this strategic acquisition will yield significant long-term benefits, ensuring consistent production and bolstering its global energy strategy for future decades.

Oct. 22, 2026 4:33 p.m.

Typhoon Champi Nears Taiwan, Disrupting Flights

Typhoon Champi approaches Taiwan with strong winds, heavy rain and high waves, prompting flight cancellations and safety warnings

Oct. 22, 2026 3:01 p.m.

Saudi Interior Minister Opens Medical Facilities in Riyadh

Saudi Arabia opens new medical facilities in Riyadh, expanding emergency care, rehabilitation and security applicant health assessments

Oct. 22, 2026 11:27 a.m.

Moscow Stock Exchange Closes Mixed as RTS Index Gains

Russia’s MOEX index fell 0.89% to 2,447.76 points, while the RTS index gained 0.21% at the close

Oct. 22, 2026 11:13 a.m.

Oman Wins Bronze at World Military Beach Volleyball Championship

Oman wins bronze at the World Military Beach Volleyball Championship after defeating Germany 2–1 in the third-place match

Oct. 22, 2026 10:58 a.m.

Macron Makes Surprise Visit to Saudi Arabia Amid Tensions

French President Emmanuel Macron visits Riyadh to meet Crown Prince Mohammed bin Salman amid rising regional security concerns

Oct. 21, 2026 4:50 p.m.

Saudi Arabia and Kuwait Condemn Houthi Threats

Saudi Arabia and Kuwait condemn Houthi threats as foreign ministers reaffirm solidarity and regional security cooperation

Oct. 21, 2026 4:15 p.m.

Malaysia PM Meets Islamic Development Bank Chairman

Malaysia's Anwar Ibrahim meets IsDB Chairman Muhammad Al Jasser to discuss SME growth, jobs and sustainable development

Oct. 21, 2026 1:17 p.m.

How Should Parents Explain War to Children?

Experts explain how parents can discuss war with children, reduce anxiety and help them feel safe during uncertain times

Oct. 21, 2026 11:22 a.m.

Rare Pink-Coloured Dolphins Spotted Off Oman Coast

Rare pink-coloured dolphins have reportedly been spotted near Qantab Beach in Muscat, Oman, attracting public interest

Shell Expands Portfolio with $16.4 Billion Acquisition of ARC Resources

More Trending News

Featured Stories

Sponsored

Trending News