Petronas Canadian Upstream Unit Stake Sale
Sector: LNG • Location: Kitimat, British Columbia, Canada
Source: Upstream Online
Petronas is in the process of selling an interest in its Canadian upstream unit, formerly Progress Energy Resources, as part of a strategic review to optimize its North American gas portfolio. MidOcean Energy, backed by Saudi Aramco, has been selected as the front runner to acquire this stake. The deal is expected to be valued between US$6 billion and US$7 billion. Petronas currently holds a 25% i
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under negotiation |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Petronas is in the process of selling an interest in its Canadian upstream unit, formerly Progress Energy Resources, as part of a strategic review to optimize its North American gas portfolio. MidOcean Energy, backed by Saudi Aramco, has been selected as the front runner to acquire this stake. The deal is expected to be valued between US$6 billion and US$7 billion. Petronas currently holds a 25% interest in the Shell-led LNG Canada project, which recently shipped its first cargo. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |