Oil and gas prices are more than numbers—they reflect global events, technological advancements, and environmental concerns.
Horizon Energy Digest
Your go-to source for the latest updates and insights in the energy sector.
Texas’ coffers get $27 billion boost from oil, gas
As the U.S. churned out record levels of fossil fuels in 2024, the Lone Star State’s oil and gas industry poured over $27 billion worth of royalties into state and local coffers, according to data from the Texas Oil & Gas Association’s annual energy and economic impact report.
Shell said on Wednesday that CNOOC and Shell Petrochemicals Company Limited (CSPC), a joint venture between Shell Nanhai B.V. and CNOOC Petrochemicals Investment Ltd, had taken a final investment decision to expand its petrochemical complex in Daya Bay, Huizhou, in southern China.
Curious Minds Corner
What is the deepest oil well ever drilled, and how deep is it?
The Z-44 Chayvo well in Russia is the deepest oil well, reaching a depth of 40,604 feet (12,376 meters)