The acquisition boosts Shell's production and its footprint in the Montney shale basin in British Columbia and Alberta.
Shell on Monday said it has agreed to acquire Canadian energy company ARC Resources in a deal valued at $16.4 billion, including debt.
Red Capital PLC (LSE:REDC), the Main Market-listed acquisition shell, has risen 22.5% to 30p after announcing a strategic pivot into Venezuelan energy assets, a £1.6 million fundraise, and a plan to rebrand as Apertura Energy Plc. The company, which has been seeking acquisitions since its 2021 listing, will redirect its focus entirely toward Venezuela, which holds the world's largest proven hydrocarbon reserves but has been largely closed to international capital for a generation due to sanctions, under-investment and operational decline.
Sierra Leone has signed an agreement with Shell that allows the oil major to conduct advanced geological and geophysical surveys across multiple offshore blocks, the country's petroleum directorate said on Wednesday.
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led a small band of FTSE 100 risers on Monday morning as oil prices rebounded sharply over renewed anxiety over the US-Iran ceasefire.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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Shell (SHEL) closed the most recent trading day at $91.36, moving 1.34% from the previous trading session.
USAC, SMP and SHEL made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 14th, 2026.
SHEL ramps LNG supplies to India amid West Asia disruptions, securing key tenders and stabilizing energy needs with global portfolio strength.
Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) shares moved higher at the start of the week, outperforming a weaker wider market as oil prices surged on the back of failed talks between the US and Iran.
Energy producer Shell plans to begin natural gas output in 2027 from the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago the chairman of Trinidad's National Gas Company, Gerald Ramdeen, told Reuters on Thursday.