ARC, Shell
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Shell is making its biggest acquisition in a decade.
Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and
We’ve been growing in confidence in the posture that the Canadian government has been taking,” Sawan said on a conference call Tuesday, when asked about the possibility of an expansion of the Shell-led LNG project in Kitimat,
Shell Plc.’s acquisition of Canada’s ARC Resources Ltd. marks a vote of confidence in Prime Minister Mark Carney’s push to expand the nation’s hydrocarbon exports beyond the traditional US market, analysts say.
On April 17, BNP Paribas downgraded Shell plc (NYSE:SHEL) to Neutral from Outperform with a $101 price target.
Shell Plc said Europe’s oil refineries are working flat-out to make jet fuel as airlines warn of a supply crunch, with the aviation industry fast becoming a primary pinch point because of the Iran war.
Shell plc agreed to buy Canadian oil and gas producer ARC Resources Ltd for US$13.6 billion, its biggest deal in more than a decade as it seeks to sustain output in the long term.
DUBAI - The oil and liquefied natural gas (LNG) shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into 2027, Shell Plc chief executive officer Wael Sawan said.