Shell plc

Transformer Oil Market to Hit $2.87B by 2031 as Grids Modernize

Transformer Oil Market to Hit $2.87B by 2031 as Grids Modernize

Delray Beach, Fla. – September 18, 2026 -- The global transformer oil market is projected to grow from $2.18 billion in 2026 to $2.87 billion by 2031, expanding at a compound annual growth rate of 5.6%, according to MarketsandMarkets. The market stood at $2.07 billion in 2025.

Grid modernization and renewable integration drive new demand

Utilities and grid operators are accelerating investment in transmission and distribution infrastructure, replacing aging transformers and expanding high-voltage networks to evacuate renewable power. This buildout is fueling demand for insulating fluids used for electrical insulation and heat dissipation in both new and refurbished transformers.

Shell Completes $13.9B Acquisition of ARC Resources in Montney Basin

Shell Completes $13.9B Acquisition of ARC Resources in Montney Basin

Calgary – September 07, 2026 -- Shell plc has closed its acquisition of ARC Resources Ltd. (TSX: ARX), adding roughly 370 kboe/d of immediate production capacity across liquids and gas in Canada's Montney basin after clearing all shareholder, court and regulatory approvals.

Deal adds 370 kboe/d and lifts Shell's production growth outlook to 4% CAGR through 2030

The transaction accelerates Shell's stated strategy of expanding exposure to long-duration, low-cost liquids production. Shell said the addition supports a production compound annual growth rate of approximately 4% through 2030 compared with 2025 levels.