Canada set to approve Petronas takeover of Progress Energy, but stall on CNOOC's buy-out of Nexen

摘要

The Canadian government looks set to approve the takeover of Progress Energy Resources Corp by Malaysia's state-owned Petronas, but stall over the application of China's CNOOC Ltd to acquire Nexen Inc.The different treatments meted out to two of Asia's well-known state-owned energy companies reflects Ottawa's evolving and uncertain approach to dealing with the arrival of a new set of investors from across the Pacific Ocean.