World Oil’s top news items of 2023: 20-17

(WO) – In 2023, the oil and gas industry accomplished noteworthy projects and achieved notable numbers in nearly every part of the world. From industry giants partnering on Middle Eastern natural gas developments to merger and acquisition activity in the U.S. Permian basin, the sector was very busy. Log on to WorldOil.com every day this week to read this year’s top-20 trending stories.

20. Aramco in talks with Sinopec, TotalEnergies on $10 billion natural gas investment

The Chinese and French energy giants are in separate discussions with Saudi Aramco about the plans that may include the construction of facilities to export the fuel as liquefied natural gas (LNG), people familiar with the matter said, asking not to be identified because the matter is private.

19. PETRONAS makes six oil, gas discoveries offshore Malaysia

The oil and gas discoveries were achieved on the back of an intensive domestic exploration drilling campaign commenced in late 2022 that had also led to the discovery of the Nahara-1 in Block SK306, a significant oil discovery by PETRONAS Carigali within the last few decades.

18. Chevron expands position in Permian basin with $6.3 billion PDC Energy acquisition

The acquisition of PDC provides Chevron with high-quality assets expected to deliver higher returns in lower carbon intensity basins in the United States. PDC brings low, breakeven production and development opportunities adjacent to Chevron’s position in the Denver-Julesburg (DJ) basin, as well as additional acreage to Chevron’s leading position in the Permian basin.

17. Baker Hughes secures U.S. LNG contract

The Baker Hughes gas technology solution chosen for Rio Grande LNG provides NextDecade with the highest production levels for the plant’s design, as well as operational flexibility and high availability.