Petronas, as the Malaysian state energy firm is known, is working with a financial adviser on a potential disposal, the people said, asking not to be identified because the deliberations are private.

Petronas bought Progress Energy for about $5.3 billion in 2012, boosting the Kuala Lumpur-based firm's shale-gas assets and gas supplies. Image by panimoni via iStock Petroliam Nasional Bhd. is ...

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Petronas, as the Malaysian state energy firm is known, is working with a financial adviser on a potential disposal, the people said, asking not to be identified because the deliberations are private.

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Investing.com -- Petroliam Nasional Bhd., also known as Petronas, is reportedly exploring various options for its Canadian subsidiary, previously known as Progress Energy Resources Corp.

Petronas has yet to comment publicly on the matter. Petronas acquired Progress Energy in 2012 for $5.3 billion to expand its position in North American shale gas and strengthen its global gas ...