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Shell buys Canadian shale producer ARC for $16bn
Deal will boost oil major’s production at a time when investors have queried the company’s growth
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ft.com
Shell buys Canadian shale producer ARC for $16bn
Deal will boost oil major’s production at a time when investors have queried the company’s growth
- ·
cnbc.com
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.