PL/SQL :: Filter Values From String

I have data something like this:

Sample DateWITH DATA AS          (          SELECT 'AAAXXXX IO BLUEEXPRESS' LIST FROM dual          UNION ALL          SELECT 'BLUEEXPRESS AAAXXXX IO BLUEEXPRESS'  FROM dual          UNION ALL          SELECT 'DDDDD BLUEEXPRESS AAAXXXX'  FROM dual          UNION ALL          SELECT 'DDDDD DDDDD AAAXXXX'  FROM dual          UNION ALL          SELECT 'DDDDD BLUEEXPRESS AAAXXXX NO CARBON'  FROM dual          UNION ALL          SELECT 'NO CARBON
[code]....

The above result depends on the following rules:         

- Replace BLUEEXPRESS into BEXPRESS         
- Remove the term NO CARBON (See row no 6)         
- Reduce all multiple space into single space (see last record).

So far I create separated queries for replacing BLUEEXPRESS into BEXPRESS and replace NOCARBON term but I don't know how to do it in a single shot as well as stuck on scenario to remove multiple spaces  and put single space.