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See Taylor Swift's disgusted reaction to Justin Bieber-Selena Gomez backstage kiss
CALGARY, Alberta, Dec. 11 (UPI) -- Canada's approval for the Chinese acquisition of Alberta oil company Nexen could mean good things for the country's LNG potential, those in a similar deal said.
Shareholders in Canadian energy company Progress Energy in August approved of the takeover by Malaysia's state-owned energy company Petronas. Both companies said they expect to complete the transaction Wednesday.
The Canadian government this week gave its approval for the $15 billion takeover energy company Nexen Inc. by China National Offshore Oil Corp.
"(The CNOOC-Nexen) approval by the Canadian government marks an important step in our plans to develop a liquefied natural gas export business," Progress Energy Chief Executive Officer and President Michael Culbert said in a statement.
Culbert said the new partnership was moving forward with preliminary work on the front-end engineering design work for its Pacific Northwest LNG project. Progress explained a final investment decision is expected in 2014 and first gas is expected in 2018.
Canadian Minister of Industry Christian Paradis had said in a letter to Petronas that he was "not satisfied" the $6 billion bid was in the national interest.
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WASHINGTON, May 21 (UPI) --
A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive.
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ALMA, Quebec, May 21 (UPI) --
The government of Canada is helping fund the development of a center of excellence for unmanned aerial systems in the province of Quebec.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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