Upper Zakum, part of Zakum field, the world's second largest offshore field, lies 84 km northwest of Abu Dhabi.

The UCO3 concession area is 3,609 sq km, or nearly 900,000 acres, in an over-pressured, oil prone basin within the Al Dhafra region of Abu Dhabi.

The framework agreement was signed by Occidental President and chief executive officer Vicki Hollub and ADNOC Group chief executive officer Dr. Sultan Ahmed Al Jaber during ...

Equinor Energy AS has been granted a permit by the Norwegian Offshore Directorate to drill an exploration well in the Barents Sea. Well 7220/5-4 will be drilled by the COSL Prospector semisubmersible ...

The Agogo FPSO forms a key part of the Agogo Integrated West Hub Project, which aims to develop Agogo and Ndungu fields, increasing production in Block 15/06.

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 ...

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 ...

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.