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.

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 ...

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