In this week’s headlines, Maersk and DONG Energy are reportedly discussing a major oil merger, while Shell is considering selling its Iraq oil fields and Schlumberger is looking at Iran’s oil business.

1. Sources: Maersk, DONG Energy in Talks Over $10 Billion Oil Merger

Denmark’s A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said. (Reuters)

2. Texas Oil Production Holding Steady

The Railroad Commission of Texas, the state energy regulator, reported preliminary production of crude oil averaged 2.38 million barrels per day in September, less than 1 percent lower than the previous month and 1.6 percent lower than for September 2015. (UPI)

3. Shell Considering Selling Its Iraq Oil Assets, Sources Say

Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal program, industry sources said on Monday. (Reuters)

4. Schlumberger Signs Early Oil Deal With Iran

Schlumberger Ltd., the world’s largest oil driller by market value, said Sunday it had signed a preliminary deal to study an Iranian oil field, as Donald Trump’s presidential victory has yet to deter U.S.-connected companies from dealing with Tehran. (The Wall Street Journal)

5. North Sea Oil Firms See Hope After Turmoil, Survey Reveals

North Sea oil firms are still laying off staff and slashing pay amid low oil prices but the industry is beginning to see light at the end of the tunnel, according to an annual survey. (The Guardian)