Shell, Norco and St. Charles Parish
Digest more
Shell CEO Wael Sawan on acquiring Canada’s ARC Resources
Digest more
The transaction would boost Shell’s oil and gas production capabilities
Fire burning at Shell Norco, emergency crews on-site.
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.
Shell bolstered efforts to revive its core oil and gas enterprise with a major acquisition of Canada's ARC Resources.
Shell is set to expand its reach in Western Canada with a deal to buy Arc Resources, a move expected to boost production at a time when Canada is looking to grow energy exports.
Shell PLC (LSE:SHEL, NYSE:SHEL) proposed acquisition of Canada’s ARC Resources buys the oil major something investors have increasingly looked for: resource life. UBS, in a note, said the transaction struck at a US$13.
Shell (SHEL) refocuses to boost profitability via a multi-year plan, with visible shareholder progress expected soon. Read more on what investors should know about this company.