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05 December 2008 The on-line newspaper devoted to the world of transports 18:48 GMT+1



April 2, 2002

Shell bids £4.3bn for rival oil giant

Shell's bid has won the backing of the board at Enterprise, the UK's biggest independent oil explorer.

The deal would see Shell buy Enterprise's oil reserves, of 1.5 million barrels, for about $4 per barrel.

The offer accelerates a sector consolidation wave which last week saw Shell agree to pay $1.8bn (£1.3bn) for Pennzoil-Quaker State, the biggest ......
Read more on BBC News



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