The well was drilled to a vertical depth of 5,300 m and contains a 1,312-m horizontal section. This depth set a record for vertical depth of shale gas wells in China.

Phoenix confirmed it will independently finance its multi-year investment program, which includes $2 billion in planned capital expenditures over the next 5 years.

Identified as agreements of “high-strategic importance,” the two memorandums of understanding for development of the refinery ...

Phillips 66 subsidiary, Phillips 66 Continental Holding GmbH, has agreed to sell a 65% interest in its Germany and Austria retail marketing business, including JET-branded sites, to a consortium owned ...

GeoPark said it remains flexible to pursue other opportunities after Phoenix Global withdrew from a 2024 agreement.

Chariot is now operator of the Lixus and Rissana licenses and will progress the work program to assess and adapt the Anchois development plan based.

At 441.8 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated.