Tag: CNOOC

Petronas & Progress Deal Is Different Than CNOOC & Nexen

Petronas & Progress Deal Is Different Than CNOOC & Nexen

Late Friday evening, the Minister of Industry, Christian Paradis, rejected the proposed transaction between PETRONAS and Progress Energy, Inc. (NYSE:PGN). No details were provided on the reason why the deal was blocked, or what would be required to satisfy the “Net Benefit” […]