GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Shell Expands Portfolio with $16.4 Billion Acquisition of ARC Resources

Shell Expands Portfolio with $16.4 Billion Acquisition of ARC Resources

Post by : Bianca Haleem

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.

April 28, 2026 3:53 p.m. 384
Global News World News Economy Business & economy

More Trending News

Featured Stories

Thailand and Russia Celebrate 130 Years of Diplomatic Relations
June 25, 2026 5:16 p.m.
Thailand and Russia are set to enhance trade, security, and tourism ties ahead of the 130th anniversary of their diplomatic ties in 2027.
Read More
Mexico Secures Flawless Group Stage with 3-0 Win Over Czech Republic
June 25, 2026 5:15 p.m.
Mexico triumphed 3-0 over Czech Republic, finishing the group stage unbeaten as they advance to the Round of 32.
Read More
Dubai's Strategic Response to Restore Confidence Post-Iran War Shock
June 25, 2026 4:57 p.m.
In the wake of the Iran war shock, Dubai is collaborating with businesses to restore investor confidence and stabilize its economy.
Read More
Thailand and Canada Enhance Relations During Prime Ministerial Call
June 25, 2026 4:52 p.m.
Prime Ministers of Thailand and Canada discussed boosting trade, security, and cooperation during a phone conversation.
Read More
Concerns Rise Over Israeli Heritage Bill Regarding West Bank Sites
June 25, 2026 4:47 p.m.
A new Israeli heritage bill fuels Palestinian fears of land grabs and increased control over ancient sites in the West Bank.
Read More
Netanyahu Advocates for Israel's Defense Independence
June 25, 2026 4:45 p.m.
Netanyahu emphasizes the need for enhanced domestic arms production to reduce Israel's reliance on U.S. military supplies for lasting security.
Read More
Vietnam's 2026 High School Exams Forecasted to Show Stability
June 25, 2026 4:35 p.m.
Experts predict stable scores for Vietnam's 2026 high school exams, with minor variations in certain subjects.
Read More
Sharjah Police Issues Red-Light Violation Warning with Real CCTV Footage
June 25, 2026 4:24 p.m.
Sharjah Police shared footage of a red-light violation, urging drivers to prioritize safety and adhere to traffic rules.
Read More
DNA Collection Initiated for 1,595 Fallen Soldiers in Hue
June 25, 2026 4:17 p.m.
Hue authorities are collecting DNA from 1,595 unidentified martyrs' graves to aid identification and reunite families with lost loved ones.
Read More
Sponsored
Trending News
Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Lebanon says 4,175 people have been killed and over 12,000 injured since Israeli attacks began in Ma
June 23, 2026 10:05 a.m. 355
Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

A sprinkler malfunction at Gillette Stadium caused a water leak during halftime of the Iraq vs Norwa
June 17, 2026 5:16 p.m. 386
Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s historic Pechersk Lavra monastery suffered major damage in a recent attack, and repairs could
June 17, 2026 12:11 p.m. 416
Vozinha Becomes World Cup Hero After Spain Masterclass

Vozinha Becomes World Cup Hero After Spain Masterclass

Cape Verde goalkeeper Vozinha stunned Spain with a brilliant display in a historic World Cup draw, g
June 16, 2026 10:52 a.m. 592
India A-Sri Lanka A Clash Sparks Vaibhav Controversy

India A-Sri Lanka A Clash Sparks Vaibhav Controversy

Young India A batter Vaibhav Sooryavanshi was involved in a heated altercation after Sri Lanka A's S
June 16, 2026 10:24 a.m. 319
Rashmika's Sweet Gesture For Vijay Goes Viral Online

Rashmika's Sweet Gesture For Vijay Goes Viral Online

Rashmika Mandanna was seen helping Vijay Deverakonda during a scholarship event in Telangana, sparki
June 15, 2026 6:13 p.m. 330
Nine Killed as Russian Shelling Hits Kyiv and Kharkiv

Nine Killed as Russian Shelling Hits Kyiv and Kharkiv

Russian attacks on Kyiv and Kharkiv leave nine dead and dozens injured, including rescue workers and
June 15, 2026 2:51 p.m. 326
OMIFCO Launches Investor Roadshow Ahead of Major IPO

OMIFCO Launches Investor Roadshow Ahead of Major IPO

OMIFCO begins nationwide investor meetings across Oman to showcase its IPO, growth prospects and sub
June 15, 2026 2:12 p.m. 397