Oil giant Shell to buy Canada’s ARC Resources for $16.4 billion in push to boost output
The transaction will add roughly 370,000 barrels of oil equivalent per day to Shell's portfolio and is designed to boost the firm's long-term production.
ORIGINAL SOURCE →via CNBC Top News
ADVERTISEMENT
⚡ STAY AHEAD
Events like this, convergence-verified across 689 sources, land in your inbox every Sunday. Free.
GET THE SUNDAY BRIEFING →RELATED · CA
- [CONFLICT] LIVE: Canada's Carney announces sovereign wealth fund
- [CONFLICT] Canada to set up sovereign wealth fund with initial funding of C$25 billion
- [ENERGY] Shell to buy Canadian shale company for $14 billion, in what would be oil giant’s biggest acquisition in 10 years
- [FINANCE] Bank of Canada set to hold rates at 2.25% as oil shock likely short-lived
- [CONFLICT] Carney announces creation of Canada's first sovereign wealth fund
- [CONFLICT] Shell to buy Canada's ARC in output-boosting $16.4 billion deal - Reuters