<SHV (United Kingdom) Holding Co Ltd> 
said it was making a tender offer for up to 33 mln ordinary 
shares in Imperial Continental Gas Association.<ICGS.L>. 
    It said in a statement the offer was on the basis of 700p 
for each IC Gas ordinary and 252p for every one stg nominal of 
IC Gas loan stock. 
    SHV already holds 6.8 mln IC Gas ordinary stock units 
representing around 4.9 pct of the current issued share 
capital. 
    Successful completion of the offer would increase SHV's 
stake in IC Gas to 39.8 mln shares, representing around 27.9 
pct of issued share capital, it said. 
    The offer capitalises IC Gas at around one billion stg. 
    It said it was tendering for both ordinary stock and loan 
stock, which when fully converted, gave a total of 33 mln IC 
Gas ordinary. It is making the tender offer through N.M. 
Rothschilds. 
    IC Gas said in a statement it noted the SHV tender offer 
and the terms were being considered. 
    It said a further statement would be made as soon as 
possible. 
 REUTER...

Diamond Shamrock Corp said that 
effective today it had cut its contract prices for crude oil by 
1.50 dlrs a barrel. 
    The reduction brings its posted price for West Texas 
Intermediate to 16.00 dlrs a barrel, the copany said. 
    "The price reduction today was made in the light of falling 
oil product prices and a weak crude oil market," a company 
spokeswoman said. 
    Diamond is the latest in a line of U.S. oil companies that 
have cut its contract, or posted, prices over the last two days 
citing weak oil markets. 
 Reuter

Texaco Canada said it lowered the 
contract price it will pay for crude oil 64 Canadian cts a 
barrel, effective today. 
    The decrease brings the company's posted price for the 
benchmark grade, Edmonton/Swann Hills Light Sweet, to 22.26 
Canadian dlrs a bbl. 
    Texaco Canada last changed its crude oil postings on Feb 
19. 
 Reuter

Marathon Petroleum Co said it reduced 
the contract price it will pay for all grades of crude oil one 
dlr a barrel, effective today. 
    The decrease brings Marathon's posted price for both West 
Texas Intermediate and West Texas Sour to 16.50 dlrs a bbl. The 
South Louisiana Sweet grade of crude was reduced to 16.85 dlrs 
a bbl. 
    The company last changed its crude postings on Jan 12. 
 Reuter