British energy giant Shell said Monday it would acquire Canadian company ARC Resources in a $16.4 billion purchase to boost its access to shale gas and liquids production.
READ ALSO: Ibom Air Warns Of Looming Flight Reductions Over Aviation Price Hike
“This establishes Canada as a heartland for Shell while furthering our strategy to deliver more value with less emissions,” said Shell CEO Wael Sawan in a statement.
AFP