Shell Acquires Canadian Gas Company ARC for £12 Billion
Shell has agreed to acquire Canadian gas company ARC for £12 billion, its largest acquisition in over a decade. The deal includes ARC's majority stake in a liquefied natural gas (LNG) plant in Canada and is expected to strengthen Shell's position in North America and maintain its oil production at around 1.4 million barrels per day. The acquisition comes amid challenges from Middle East conflicts and production drops due to facility damage.
Topics: acquisition ARC energy LNG North America oil and gas Shell