Kuwait Promises To Increase Oil Production In Case  Of War

We hope everyone had a wonderful Thanksgiving and ate far too much yesterday…

PetroChina has agreed to buy 25% of the West Qurna oil field in Iraq from ExxonMobil for an undisclosed sum. An analyst at Sanford Bernstein previously estimated the value of ExxonMobil’s 60% interest in the field at $3 billion. [Bloomberg]

An easing of sanctions and a push by Myanmar’s government to attract oil and gas investment has brought a number of international oil companies into the country’s oil sector, potentially putting traditional oil producers – who drill for oil by hand – out of business. [Quartz]

THe US shale revolution has pushed some independent producers, such as Apache and Devon, up the rankings in Energy Intelligence’s annual list of the world’s 100 largest oil and gas companies. Fuel Fix has put together a slideshow of the top 20. [Fuel Fix]