CNOOC

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.

E&P

Glengorm appraisal operations expected to start this month

Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.

Opinion

Danger of a China crisis

In the world of geopolitics, it is remarkable how quickly a valued business partner can turn into the object of suspicion and candidate for sanction. The UK’s relationship with China now hangs in that delicate balance.