Exclusive: China's Nexen plans Gulf of Mexico oil exit amid trade war - sources

By Jessica Resnick-Ault and Ron Bousso NEW YORK/LONDON (Reuters) - Nexen Petroleum, a unit of China's CNOOC Ltd , plans to exit the United States, divesting its stake in giant oil and gas developments in the Gulf of Mexico as trade tensions between two countries mount, three people familiar with the plan told Reuters on Wednesday. Nexen has not determined whether it will sell the assets outright or swap offshore acres with another company, the people said, speaking on condition of anonymity as the talks are private. One of the people said the decision to pull out of the Gulf was due to rising trade tensions between Washington and Beijing; the other two did not know the reason for the planned sale

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