Shell plc to Acquire ARC Resources Ltd. in $22 Billion Deal
📅 2 months ago
Shell plc has signed a $22-billion deal to acquire ARC Resources Ltd., bringing together the lead partner in Canada’s first operating liquefied natural gas project with a major producer in one of the continent’s most profitable shale regions.
This news is significant in the Canadian construction ecosystem as it involves two major players in the energy sector coming together. The acquisition highlights the importance of the Montney shale formation in northeastern British Columbia and northwestern Alberta, showcasing the potential for further merger and acquisition activity in the region.
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Cedar LNG
investment
Shell plc
liquefied natural gas
global gas business
energy industry
merger and acquisition
Montney shale formation
LNG Canada plant
ARC Resources Ltd.
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