Event2 September 2026Action

Shell completes its acquisition of ARC Resources, the Montney producer that holds capacity at Cedar LNG

Shell completed its acquisition of Calgary-based ARC Resources on 2 September 2026 (Shell), under an agreement announced on 27 April 2026 that valued ARC at about C$22 billion including assumed net debt (ARC Resources). ARC holds about 1.5 million tonnes a year of liquefaction capacity at Cedar LNG, which it has sold on to ExxonMobil; those contracts now sit inside Shell. The ownership of Cedar LNG itself (Haisla Nation 50.1%, Pembina 49.9%) did not change.

Date

2 September 2026

Kind

Ownership change

Where

International

Evidence

Action: Something was done: a law switched on, a tariff imposed, money committed. How evidence is weighed

Who

Shell (acted); ARC Resources (target)

Sources

• Shell, “Shell announces agreement to acquire Canadian energy company ARC Resources” (external site), 27 April 2026. source record
• ARC Resources, “ARC Resources Ltd. Announces Agreement to be Acquired by Shell plc” (external site), 27 April 2026. source record
• Shell plc (GlobeNewswire), “Shell completes acquisition of ARC Resources” (external site), 2 September 2026. source record

Projects

• Cedar LNG