Shell has struck a £12bn deal for Canadian gas giant ARC, in what will be its biggest acquisition since the takeover of BG Group more than a decade ago.

Shell has agreed a 16.4 billion US dollar (£12.1 billion) deal to buy Canadian energy firm ARC Resources in a bid to boost its gas production and reserves.The British energy giant said the acquisition will strengthen its resource base “for decades to come”.

(CNN)– British oil giant Shell is set to buy Canadian energy company Arc Resources in a deal valued at $16 billion. Headquartered in Calgary, Arc Resources is an oil and natural gas producer focused on the Montney region in Alberta and northeast British Columbia.

The majority of Shell gas stations in London, Ont., have been without gas this past week with pumps blocked and sign boards displaying rows of zeros. Some employees in the city, who were not authorized to speak to CBC News,

Add Yahoo as a preferred source to see more of our stories on Google. Houston-based Shell has announced the return of "The Giving Pump" through Oct. 31. In Houston, there are 269 special purple pumps at Shell gas stations where filling up will send a ...

Shell has agreed to acquire ARC Resources in a $22-billion cash-and-stock deal, gaining prime Montney shale assets and boosting its LNG Canada supply base. Industry experts say the move could accelerate a Phase 2 expansion of LNG Canada,