Chevron pushes forward with offer to buy Texaco

Article Abstract:

Chevron Corp. has made a bid of $35.8 billion (41.91 billion euros) to acquire Texaco Inc. The bid takes place as concerns are increasing about the supply of oil and consolidation.

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Shell Oil launches offer for Barrett, U.S. gas producer

Article Abstract:

Shell Oil Co., a subsidiary of Royal Dutch/Shell Group, launched a hostile tender bid for Barrett Resources Corp., a gas producer located in Denver that rejected an unsolicited bid by Shell. Shell Oil is offering $55 in cash per share for all outstanding shares of Barrett, valuing the company at approximately $1.8 billion (Euro1.9 billion).

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U.S. regulator approves acquisition of oil giants Chevron and Texaco

Article Abstract:

Chevron Corp.'s planned acquisition of Texaco Inc. has been approved by the US Federal Trade Commission. The deal is valued at $38.7 billion (42.75 billion euros).

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