Shell (LSE:SHEL) is acquiring Canadian gas producer ARC Resources in its largest deal in more than a decade. The transaction significantly expands Shell’s North American gas portfolio and production footprint.

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 is making its biggest acquisition in a decade.

ARC Resources jumps on major acquisition deal with Shell, boosting outlook for LNG and Canadian energy assets.

British corporation Shell has announced the purchase of Canadian company ARC Resources, engaged in the production of oil and natural gas. The deal, which will be paid mostly in shares, is valued at $16.