(Bloomberg) – Tanzania has wrapped up negotiations with an international energy consortium for a long-delayed $40 billion liquefied natural gas (LNG) export project, paving the way for final agreements to be signed in the coming weeks. The consortium, led by Equinor, Shell and ExxonMobil, wants to develop an onshore LNG plant south of Tanza...

(WO) – CNOOC Limited announced that the Wenchang deep-sea floating wind demonstration project has been successfully connected to the grid for power generation. The demonstration project is located near the Wenchang oilfields in the western part of the South China Sea, 136 kilometers away from the shore in a water depth of 120 meters. It is...

(WO) – Chevron Corporation has entered into a definitive agreement with PDC Energy, Inc. to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron’s closing price on May 19, 2023, and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chev...

Challenge: An operator working in the Delaware Basin wanted to increase efficiencies by simul-fracing two, three-well pads that were about 1,200 ft. apart. Traditionally, all simul-fracs completed for this operator included a minimum of four wells on one pad and were completed in a 2-by-2 well format to obtain the full benefits of simul-frac operat...