Occidental is set to acquire Altura for $3.5 billion

Article Abstract:

Occidental Petroleum Corp. will acquire Altura Energy Ltd. for $3.5 billion. Altura is the joint venture firm of BP Amoco PLC and Shell Oil Co.

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Phillips is close to acquiring Tosco for $7 billion in stock

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Phillips Petroleum Co. is near reaching a deal to acquire Tosco Corp. for a minimum of $7 billion (7.49 billion euros) in shares. The deal would make Phillips the second-largest refiner in the United States.

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Conoco unit to buy Gulf Canada in bid to raise production

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Conoco Inc.'s unit in Canada will acquire Gulf Canada Resources Ltd. in an attempt to increase production. The deal is valued at approximately 6.7 billion Canadian dollars (5.05 billion euros).

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