(WO) – In 2023, the oil and gas industry accomplished incredible goals in nearly every part of the world. From industry giants partnering on Middle Eastern natural gas developments to merger and acquisition activity in U.S. Permian basin, the sector left no stone unturned. Tune in on WorldOil.com every day this week to read this year’s 20 top 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.
Read More: World Oil’s top news items of 2023: 20-17