About Progress Energy
Progress Energy Canada was established in 1997 and is based in Calgary, Canada. Operations are centered on the energy sector, with natural gas exploration and production conducted primarily in Northwest Alberta and Northeast British Columbia. Resources in these regions are targeted to support output, while the company maintains a presence in upstream activities without diversification into other fuels or services.
- Headquarter Calgary, Canada
- SectorsEnergy & Utilities
- Email••••••••
- Website progressenergy.com
- Social LinkedIn
- Acquired by PETRONAS (Jun 2012)
- Latest Funding Round$360.02M (USD), Post-IPO
Mar 2011
- InvestorsCPP Investments
& 1 more
- Acquired byPETRONAS
(Jun 2012)
Funding Insights of Progress Energy
- Total Rounds 4
- Last Round Post-IPO — $360.02M
- First Round $25M
(Oct 2002)
- Investors Count 1
All 4 funding rounds of Progress Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2011 | $360.02M | Post-IPO | – | – | |
| Feb 2010 | $327.03M | Post-IPO | – | – | |
| Oct 2009 | $200M | Post-IPO | – | – | – |
| Oct 2002 | $25M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in Progress Energy
Progress Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include CPP Investments and PETRONAS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Pension fund assets are managed for sustainable long-term growth. | 1997 | cppinvestments.com | Toronto, Canada | |
Oil and gas exploration and production services are provided globally. | 1974 | petronas.com | Kuala Lumpur, Malaysia |
Investor details for Progress Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Progress Energy
4 dated milestones of Progress Energy across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Progress Energy is founded.
- Funding First funding round of $25.0M.
- Funding Latest funding round, Post-IPO, of $360.0M.
- Exit Acquired by PETRONAS.
Web traffic of Progress Energy
Websites that share an audience with Progress Energy (progressenergy.com).
Websites whose visitors overlap most with Progress Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
progress-energy.com | progress-energy.com | 100% | – | #3,277,751 | – |
| bonterraenergy.com | 85% | 3.8K | #4,920,040 | View details | |
energy.novascotia.ca | energy.novascotia.ca | 80% | – | – | – |
plascoenergygroup.com | plascoenergygroup.com | 79% | – | – | – |
encana.com | encana.com | 78% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Progress Energy
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 18 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to Progress Energy
10 companies that operate in the same segment as Progress Energy (Oil & Gas Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | – | USD 35.69 B | 110,000 | |
MET Group is engaged in energy trading and renewable production. | 2012 | Zug, Zug, Switzerland | USD 58.74 M | USD 33.52 M | – | |
bp is recognized as a global energy company. | 1909 | United States | – | USD 185.5 B | 100,500 | |
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | – | USD 16.73 B | 14,700 | |
Provider of oil & gas downstream services | 1997 | United States | – | USD 13.55 B | 10,680 | |
Energy infrastructure services are provided by Kinder Morgan. | 1997 | United States | – | USD 16.81 B | 10,930 | |
Shell is recognized as a global energy and petrochemical company. | 1907 | London, England, United Kingdom | – | USD 262.93 B | 104,000 | |
Provider of natural gas & oil exploration and transportation services | 1922 | Buenos Aires, Argentina | – | – | – | |
Midstream services for oil and gas are provided. | 1996 | Dallas, Texas, United States | – | USD 85.54 B | 16,250 | |
Integrated petroleum services are provided worldwide by Oxy. | 1920 | Houston, Texas, United States | – | USD 21.56 B | 13,320 |
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Frequently Asked Questions about Progress Energy
Progress Energy was founded in 1997 and raised its 1st funding round 5 years after it was founded.
Progress Energy is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Progress Energy Canada was established in 1997 and is based in Calgary, Canada. Operations are centered on the energy sector, with natural gas exploration and production conducted primarily in Northwest Alberta and Northeast British Columbia. Resources in these regions are targeted to support output, while the company maintains a presence in upstream activities without diversification into other fuels or services.
Progress Energy has 2 investors. Key investors include CPP Investments, and PETRONAS.
Yes. Progress Energy was acquired by PETRONAS in June 2012.