Oil & Gas

Asia

CNPC, CNOOC mull deal for Exxon’s Iraq oilfield stake

China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.

Asia

Malaysia’s Sarawak seeks investors to find new onshore plays

The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.

E&P

Total in talks on Libya work

Total has held talks with the National Oil Corp. (NOC) on increasing production and expanding in Libya, against a background where security appears to be improving.