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Business & Economics

Petronas is said to explore sale of $7 billion Canadian business

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Summary
Nutrition label

69% Informative

Petronas Canada operates in the North Montney basin in northeast B.C. and owns more than 3,200 square kilometres of mineral rights with 53 trillion cubic feet of gas reserves.

The Malaysian state energy firm bought Progress Energy for about $5.3 billion in 2012 , boosting its shale-gas assets and gas supplies.

Lower oil prices have hit the Malaysian firm, which reported a slide of more than 30 per cent in net income in 2024 .

VR Score

84

Informative language

90

Neutral language

79

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources