By The Canadian Press CALGARY - Progress Energy Resources Corp. and the Malaysian state-owned company which has been approved to acquire it say Ottawa's greenlighting of their deal is vital to the expansion of their Liquid Natural Gas plans. The two companies released a joint statement Sunday night welcoming the Conservative government's decision, which was announced on Friday along with the approval of Chinese state-owned CNOOC's bid for Calgary-based Nexen Inc. In the [Read more]
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YES. YES. Harper approves Nexen and Progress deals
By Stephanie Levitz and Craig Wong, The Canadian Press OTTAWA - Prime Minister Stephen Harper ended months of market uncertainty by approving the foreign takeovers of Calgary-based Nexen Inc. and Progress Energy Resources Corp. — but insisted future appropriations by state-owned firms in the oilsands would become the exception rather than rule. China's CNOOC and Malaysia's Petronas, both Asian state-controlled enterprises, received the OK late Friday as part of a wide-ranging update of [Read more]