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March 22 (Bloomberg) -- Bloomberg's Heidi Couch reports on Royal Dutch Shell Plc and PetroChina Co.'s agreement to acquire Arrow Energy Ltd. Shell and PetroChina agreed to acquire Arrow after raising their offer to A$3.5 billion ($3.2 billion). The purchase would allow the two companies to gain access to the reserves of the Australian coal-seam gas producer. Bloomberg's Haslinda Amin also speaks. (Source: Bloomberg)