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Vol. 10, No. 28 Week of July 10, 2005
Providing coverage of Alaska and northern Canada's oil and gas industry


Caught between two bidders: Unocal’s options

CNOOC $18.5B bid tops Chevron’s $16.6B offer, which has cleared regulatory hurdles; House concerned about CNOOC

Brad Foss

Associated Press Business Writer

A bird in the hand, or two in the bush. That’s the choice facing Unocal Corp., which agreed in April to be bought by Chevron Corp. for $16.6 billion but is now considering a rival $18.5 billion bid from CNOOC Ltd. The less lucrative Chevron offer cleared its final regulatory hurdle the last week in....

    [additional news subjects in this story]

Chevron could bow out

Chevron stock price down

Concern over Chinese motives


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