Canadian regulators strike down Petronas-Progress deal

James Burbridge, James Byrne, Conway Irwin and Robert Sullivan

22 October 2012 | 15:33 GMT

Natural Gas News - Canadian regulators strike down Petronas-Progress deal

The Canadian government sent shockwaves through the industry on Friday when the Ministry of Industry blocked a $5.32 billion bid from Malaysian state-owned oil and gas company Petronas for Calgary-based Progress Energy.

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