Petronas in $1.1bn Canada shale buy

Petronas: buys into Canadian shale

Progress Energy Resources said today it will sell a 50% stake in Canadian shale gas assets to Malaysia's Petronas in a C$1.07 billion ($1.1 billion) deal that intensifies the race to open up lucrative markets in Asia.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?