Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeEnergyOil & GasNewsShell's $22B purchase of ARC Resources gets nod from Calgary company's shareholdersThe deal is expected to close in the second half of 2026, subject to regulatory approvalsLast updated 18 hours ago You can save this article by registering for free here. Or sign-in if you have an account.Shell will gain ARC’s infrastructure in the Montney resource play in northern Alberta and British Columbia, making the company one of Canada’s biggest natural gas producers. Photo by Carl Court/AFP via Getty Images /Carl Court/AFP via Getty ImagesCalgary-based natural gas producer ARC Resources Ltd. says the vast majority of its shareholders approved a takeover by global supermajor Shell PLC for $22 billion.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorAnnounced in April, the blockbuster deal is among the largest in many years for Canada’s oilpatch, which has seen renewed attention from global investors amid an ongoing conflict in the Middle East.The deal is widely seen as a strong endorsement of a proposed massive expansion at LNG Canada’s shipping terminal on British Columbia’s coast. Shell is a major shareholder in the project, which would become the second largest in the world if the joint-venture partners green-light a second phase.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againA convincing 99.54 per cent of the votes cast by ARC shareholders endorsed the deal.“This important milestone reinforces the merits of the transaction and the value it stands to generate,” Shell said in a statement.Shell will gain ARC’s infrastructure in the Montney resource play in northern Alberta and British Columbia, making the company one of Canada’s biggest natural gas producers.The deal is expected to close in the second half of 2026, subject to regulatory approvals. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.