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Shell buys Calgary-based ARC Resources for $22 billion.
Shell is acquiring ARC Resources for $22 billion, marking its largest acquisition in a decade.
KEY POINTS
- Shell's deal signals a reversal of foreign divestment trends in Canada's oil and gas sector.
- The ARC acquisition positions Shell to potentially expand liquefied natural gas exports from Western Canada.
- LNG Canada, majority-owned by Shell, began operating in July 2025 and could see a second phase investment.
- Canada is now seen by supermajors as a secure, low-cost, long-term energy source after global disruptions.
COMPANIES
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