'The project aims to create lower carbon energy by utilizing solar power, land, and non-potable produced water from Chevron's existing assets at the Lost Hills Oil Field in Kern County'.
Earlier this month, the oil giant offered to exchange PDC's 5.75 percent notes due 2026 for new notes with the same coupon and maturity issued by one of its units.
After a stretch of hyperinflation that neared an estimated 2 million percent a year, Venezuela posted the smallest consumer price increase for January in more than a decade.