# Shell's $16.4 billion agreement to buy ARC Resources is the clearest sign of the shift.

*business · news · 2026-04-30 · Republic World*

## Key points

- Shell's $16.4 billion agreement to buy ARC Resources marks renewed foreign interest in Canadian energy.
- Global majors like TotalEnergies, ConocoPhillips, BP, and Equinor are considering Canadian acquisitions.
- New Canadian export routes for oil and LNG have improved the country's appeal to global investors.
- Prime Minister Mark Carney has rolled back climate rules and pledged increased support for oil and gas.

**Companies:** Shell, TotalEnergies, ConocoPhillips, BP, ARC Resources, Tourmaline Oil
**Countries:** Canada, Iran

[Read the full story on Republic World](https://www.republicworld.com/business/shell-arc-resources-deal-canada-energy-return-mark-carney)

---

Canonical: https://newsio.io/n/6603cea1-8367-4d5d-8212-cdd8dd77c243/shells-16-4-billion-agreement-to-buy-arc-resources-is-the-clearest-sign-of-the-s
Summarized by Newsio from Republic World. https://newsio.io/how-it-works