Dateline 2011-06-03:
Canada’s Progress Energy Resources Corp has signed a $1.09 billion deal with state-owned Malaysian oil and natural gas giant Petronas to develop three of its shale gas fields.
While the deal, announced Thursday, marks Petronas’ first investment in Canada, it follows a series of Canadian natural gas acquisitions by Asian giants PetroChina, Korea Gas Corp., Mitsubishi Corp., along with South Africa’s Sasol Ltd., that together are worth nearly $9 billion, The Globe and Mail newspaper reports.
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Wata - Malaysian Oil and Gas Engineer 