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CNOOC And Chevron Battle For Unocal
The Chinese National Offshore Oil Company (CNOOC) and Chevron battle for the Unocal oil company. Chevron thought they had a done deal back in April when they made an offer of $61.24 a share or roughly $16.1 billion in cash and stocks. This week CNOOC made a solid offer of $18.5 billion in cool cash but if Unocal does decide to entertain CNOOC's offer, whoa boy there's gonna be a lot of hoops to jump through.
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Bidding War In Asia: CNOOC Vs. Chevron For Unocal
The Chinese National Offshore Oil Company (CNOOC) put in an unsolicited $18.5 billion bid for Unocal, challenging Chevron's April move to acquire the oil company. Neither is a done deal and this marks China's continued assertion into corporate hardball.
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Chevron Nigeria and NNPC Award KBR Snamprogetti JGC Joint Venture EPC Contract
The joint venture team of KBR, the engineering and construction subsidiary of Halliburton...