China Petrochemical Corp., Asia’s biggest refiner, and China Huadian Corp. agreed to buy a 15 percent stake in Petroliam Nasional Bhd.’s proposed liquefied natural gas facility in Canada for an undisclosed amount.
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.
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.
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.
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.
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.
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.