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Economy News

The Economic Times

Economy / The Economic Times

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Shell to buy Canada's ARC in output-boosting $16.4 billion deal

Shell's bold $16.4 billion acquisition of ARC Resources, a Canadian energy powerhouse, is poised to reshape the landscape of the oil and gas industry. This strategic acquisition not only amplifies Shell's production capabilities but also solidifies its influence in Canada, especially in regard to its LNG initiatives.

27 Apr 2026 6:49 pm