Shell is making its biggest acquisition in a decade.

Shell Plc Chief Executive Officer Wael Sawan said oil and liquefied natural gas shortages caused by the Strait of Hormuz blockade could continue for months and potentially into next year.

Sawan said the ARC deal adds to Shell a “high-quality, low-cost, and top-quartile low carbon intensity producer operating in the Montney shale basin that complements our existing footprint in Canada and strengthens our resource base for decades to come.”

Shell CEO Wael Sawan has warned that oil and LNG shortages caused by the Strait of Hormuz blockade may last into 2027, as global stockpiles reach low levels. The disruption, triggered by the U.S.-Iran conflict, has removed about 900 million barrels from ...

ARC Resources jumps on major acquisition deal with Shell, boosting outlook for LNG and Canadian energy assets.

Shell bolstered efforts to revive its core oil and gas enterprise with a major acquisition of Canada's ARC Resources.

Shell (SHEL) to acquire ARC Resources (ARX) for $16.4B, offering shareholders CAD 32.80/share—a 20% premium. Deal adds 2B barrels to Shell's portfolio.

Shell projects global LNG demand to grow significantly through 2030 in all scenarios. In its Surge, Archipelagos, and Horizon scenarios, LNG demand remains strong in the near term but diverges after 2030. Shell: demand for oil is not going away, and it ...