Industry News

Perenco Congo confirmed the construction of a new platform, Kombi 2. Kombi 2 is currently under construction at the Nieuwdorp shipyard (Netherlands) by Dixstone, a sister company of Perenco.The offshore infrastructure, which will be installed on the Kombi-Likalala-Libondo II (KLL II) permit, will enable the recovery of approximately 7 million cu ft of gas per […]

250 Liqui-Lok Thread Locking Compound is a two part epoxy compound used to replace the welding of casing joints and threaded connections. 250 Liqui-Lok is unaffected by vibration, pounding, or expansion due to temperature changes. It withstands high break-out torque and provides a leakproof seal. 250 Liqui-Lok is easily mixed under varying temperatures due to

Transocean announced that a two-well option was exercised in Norway for the Transocean Spitsbergen, a harsh environment semisubmersible. The program is expected to start in Q1 2026 in direct continuation of the rig’s current program and contribute approximately $100 million in backlog, excluding additional services.（2025-06-05）

Liquid-O-Ring PM600 is a heavy-duty, all-purpose lubricant manufactured specifically for bearings and open gears. Liquid-O-Ring PM600 is tacky and has very high shock-absorbing abilities with a high melting point of +500°F (260°C). Liquid-O-Ring PM600 is a grease manufactured with exceptional adhesive and cohesive properties, allowing longer service intervals. Liquid-O-Ring PM600 forms a lubricating film that

Liquid-O-Ring 757 Lift Boat Gear Lube is a black, extreme pressure grease with excellent water resistant properties. It offers excellent adhesive and cohesive properties. Liquid-O-Ring 757 Lift Boat Gear Lubehas a very tacky texture yet remains very smooth and buttery. Manufactured with graphite and molybdenum disulfide (moly), Liquid-O-Ring 757 Lift Boat Gear Lube forms a

SK Earthon expanded its footprint to Indonesia, having secured two offshore exploration blocks – Serpang, northeast of Java Island; and Binaiya, near the eastern Maluku Islands – with Indonesia’s oil and gas regulatory body, SKK Migas.The Serpang block is one of Indonesia’s most promising hydrocarbon regions. SK Earthon holds a 14% stake in the block,

Touchstone Exploration acquired 100% of the share capital of Shell Trinidad Central Block Limited on 15 May 2025 for approximately $28.4 million, subject to final closing adjustments.STCBL holds a 65% participating interest in the onshore Central Block exploration and production license in Trinidad, which includes four producing natural gas wells and a gas processing facility.

Sinopec’s Tiebei 1HF well at its Project Deep Earth Sichuan and Chongqing Natural Gas Base has been tested at a high daily output of 314,500 cu m of industrial gas flow with the vertical depth of the well reaching over 5,300 m with a 1,312-m horizontal section, setting a new record for vertical depth of

BKV Corporation and Comstock Resources announced an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration (CCUS) projects at two of Comstock’s natural gas processing facilities in its Western Haynesville operating area.As part of the agreement, the companies plan to develop CCUS injection wells to permanently sequester carbon dioxide waste produced at

Shell completed the previously announced agreement to increase their stake in the Ursa platform in the US Gulf of Mexico from 45.3884% to 61.3484%. This acquisition is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects with a strong integrated value chain.Deepening Shell’s interest in existing assets also contributes to

Prairie Operating Co. is beginning completions of the Opal Coalbank project, which spans two distinct DSUs and is currently in partial development, leveraging nine drilled but uncompleted (DUC) wells acquired from Bayswater.This phase of the project is focused on unlocking immediate cash flow through the completion of the existing DUCs—targeting six in the Codell and

Enaimco, a Canadian technology company delivering digital solutions for subsea operations, signed a SaaS license agreement with Trident Energy to provide Enaimco’s Operational Twin for their subsea assets in Equatorial Guinea.“Trident Energy has been searching for digital solutions available in the global market for turning their offshore operations into more data-driven engineering and seamless work