Malaysian company buys into Calgary company’s Montney stake

first_imgCalgary-based Progress Energy Resources Corp. has closed a deal to create a strategic partnership with a Malaysian oil and gas company worth $1.07 billion.The deal gives the Malaysian company, Petronas, a 50 per cent stake in the working interest to develop part of the Montney shale assets, in Northeast B.C. The specific assets are the Altares, Lily and Kahta properties.- Advertisement -“Both parties have worked diligently and cooperatively towards the completion of the agreements that form the basis of our strategic partnership,” said Michael Culbert, president and CEO of Progress.Petronas will also be examining the possibility of developing a Liquefied Natural Gas export facility on the province’s west coast. The feasibility study for the project is expected to begin immediately.last_img read more

Read More
DRIVER CUT FROM OVERTURNED CAR AFTER CRASH

first_imgFIRE crews from the North have cut a driver from a car after it flipped over during a crash today.A Northern Ireland Fire Service spokesman said the motorist – who is male and 20-years-old – was rushed to hospital by ambulance.“Staff were dispatched to a road traffic collision at Collatee near Ballindrait just after midday. The single vehicle incident involved an overturned car and crews used cutting gear to release a 20 year old male casualty. He was taken to hospital by ambulance,” said the spokesman. Meanwhile Gardai have issued a warning to motorists in Donegal driving tonight and tomorrow.It follows a weather alert earlier for strong winds and torrential rain. DRIVER CUT FROM OVERTURNED CAR AFTER CRASH was last modified: October 17th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:ballindraitcrashlast_img read more

Read More