Progress Energy

Progress Energy News

  • Duke Investors Urged to Reject Directors on Coal-Ash

    Duke Energy Corp. shareholders should vote against four board members for lapses that led to a February coal-ash spill that fouled a North Carolina River, the California Public Employees’ Retirement System and New York City Comptroller Scott Stringer said.

  • Indian Oil Buys 10% in Petronas Canadian Gas Fields, LNG Project

    Indian Oil Corp., the nation’s biggest refiner, agreed to buy a 10 percent stake in Petroliam Nasional Bhd.’s Canadian natural gas fields and a planned export project.

  • Petronas to Sign With India Buyer March 7 for Canada Gas Stake

    Petroliam Nasional Bhd., Malaysia’s state oil company, will sign an agreement to sell 10 percent of its liquefied natural gas project in Canada to an Indian company on March 7, its chief executive officer said.

  • Petronas Agrees to Buy Canada’s Progress Energy

    Petroliam Nasional Bhd, Malaysia’s state-owned oil and natural-gas company, agreed to buy Progress Energy Resources Corp. for C$4.8 billion ($4.6 billion), in its biggest deal as it moves to export Canadian gas to Asia.

  • Progress Energy Takeover Will Benefit Canada, Petronas Says

    Petroliam Nasional Bhd., Malaysia’s state energy company, said its proposed $5.2 billion takeover of Progress Energy Resources Corp. will help Canada develop gas resources and find an alternative market.

  • Petronas Boosts Price for Progress Energy

    Petroliam Nasional Bhd, Malaysia’s state-owned oil and natural-gas company, boosted its cash bid for Progress Energy Resources Corp. to C$5.16 billion ($5.13 billion) to counter a competing offer as producers race to secure Canadian supplies for export.

  • Progress’ Petronas Sale Fails to Die as Deal Odds Rise

    Traders are regaining confidence that Progress Energy Resources Corp., battered last week after the Canadian government blocked its takeover by Malaysia’s Petroliam Nasional Bhd., will get bought after all.

  • Petronas Said to Offer Progress Relisting to Canada

    Petroliam Nasional Bhd., which is seeking approval of a $5.2 billion takeover of Progress Energy Resources Corp., has proposed a public offering of shares in the natural gas producer within five years as a concession to Canada’s government, a person with knowledge of the matter said.

  • Duke Merger With Progress Draws FERC Audit

    The U.S. Federal Energy Regulatory Commission said it will audit Duke Energy Corp.’s 2012 merger with Progress Energy Inc. to determine whether the company complied with conditions the agency imposed to approve the deal.

  • Canada Rejects Petronas’s Bid for Progress Energy

    Canada blocked Petroliam Nasional Bhd.’s C$5.2 billion ($5.23 billion) takeover of Progress Energy Resources Corp., saying the bid by the Malaysian state-owned company wasn’t in Canada’s national interests.

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