Shell PLC SHEL-N is acquiring ARC Resources Ltd. ARX-T in a US$16.4-billion deal, boosting its holdings in a basin that supplies gas to LNG Canada as the British company mulls an expansion of a liquefied natural gas export terminal it partially owns in Kitimat,

Shell is making its biggest acquisition in a decade.

Shell is looking to enhance its integrated gas portfolio and expand its presence in Canada with long-term Montney resources.

(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.

LONDON] Shell has agreed to buy Canadian energy company ARC Resources in a deal valued at US$16.4 billion, including debt, which the British oil and gas major said on Monday would boost its output by 370,

Caption: Dalhousie University student Emma Hapulka speaks after the group Divest Dal raised a "Shellhousie" flag on the school's campus Tuesday afternoon as