Chevron Canada assets eyed for sale

Article Abstract:

San Ramon, Calif.-based ChevronTexaco Corp. is planning to review the assets of its subsidiary, Chevron Canada Resources Ltd. ChevronTexaco may sell some of the assets of Chevron Canada Resources as part of a plan to sell off $6 billion in worldwide assets.

Natural gas, Petroleum, Gas industry, Energy industries, Energy industry, Chevron Corp., Chevron Canada Resources Ltd.

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Progress, Cequel's novel merger creates a single energy trust

Article Abstract:

Progress Energy Ltd. and Cequel Energy Inc., based in Calgary in Western Canada, announced a $1.14-billion merger on 26 April 2004, an innovative move to create an oil and gas trust to jointly nurture their aging but reliable assets. The deal marks the first time two oil and gas producers have joined forces to create an income trust while spinning off two junior exploration companies.

Petroleum refining, Progress Energy Ltd., CEQUEL

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