Industry News
Industry News
Equinor, partners investing in third phase of Johan Sverdrup
Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields.The development includes two new subsea templates, which will be tied into existing infrastructure via new pipelines. The new subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe), with production expected to start in Q4 2027.The project will also be adding extra well slots and opportunities for connecting additional subsea templates.For the phase 3 project, TechnipFMC has been awarded the contract for engineering, procurement, construction and installation (EPCI) for the subsea development, with
Equinor strikes oil in Johan Castberg field, Barents Sea
Equinor struck oil in exploration well 7720/7-DD-1H, Drivis Tubåen, on the Johan Castberg field in the Barents Sea. According to preliminary estimates the size of the discovery is 9-15 million barrels of oil.The oil was proven in a new segment called the Tubåen formation 1769 m below the seabed in 345 m of water. The well was drilled by the Transocean Enabler drilling rig as an exploratory extension from a production well. The licensees will consider tie-in of the discovery to the Johan Castberg field.The Barents Sea is the least explored ocean area on the Norwegian continental shelf. Going forward,
CsTeC Released Liquid-O-Ring Polymer 400 High Temperature Multipurpose Lubricant
Liquid-O-Ring Polymer 400 is an excellent multipurpose, water repellent grease, used where washout resistance is critical to the operation. Because of its excellent stability and EP characteristics, Polymer 400 remains on the bearing surface longer, extends lubrication intervals, and prolongs bearing life. Polymer 400 is fluoromated with LIQUILON® to provide a microscopic lubricating coating that eliminates metal-to-metal contact, provides residual lubrication long after conventional lubricants have washed out, and adds stability and resistance to chemical change. Polymer 400 fulfills complete lubricating grease requirements.APPLICATIONPolymer 400 is for application to a variety of wireline, drilling tools, equipment, vehicle lubrication, sealing, WKM gate,
TotalEnergies acquires 25% interest in Block 53, offshore Suriname
TotalEnergies signed an agreement to acquire the 25% interest held by Moeve (formerly known as CEPSA) in Block 53, offshore Suriname, joining APA (45%, operator) and Petronas (30%) as partner in this license.Block 53 lies directly east of Block 58, where TotalEnergies (40%, operator) and its partners announced the Final Investment Decision for the GranMorgu development in October 2024. Block 53 contains the Baja-1 discovery, drilled near the border of Block 58.(2025-06-28)
Noble Viking drillship commences three-well campaign offshore Philippines
The Philippines welcomed the 7th-generation drillship Noble Viking to the Bagong Pag-Asa Drill Site, offshore Palawan, for the official commencement of drilling operations under the Malampaya Phase 4 (MP4) Project.Commissioned in 2001, the Malampaya Deep Water Gas-to-Power Project supplies as much as 40% of Luzon’s power demand at its peak. Under Phase 4, Noble Viking will drill three new wells, Camago-3, Malampaya East-1 and Bagong Pag-asa-1, extending the life of the gas field and securing the country’s indigenous energy supply.DOE Officer-in-Charge Sharon S. Garin extended gratitude to the engineers, geologists, rig workers and support teams powering the MP4 Project. “Offshore
SLB, Cactus Drilling agree to digital collaboration
SLB announced a strategic collaboration agreement with Cactus Drilling to expand the adoption of automated and autonomous drilling solutions.Under the agreement, Cactus will build on its current use of SLB’s Precise automated drilling control systems by integrating DrillSync, SLB’s automated controls platform and software suite. These technologies will work together to improve drilling efficiency, increase equipment utilization and provide real-time data insights for better execution.The agreement will also enable deployment of DrillOps, SLB’s AI-powered drilling automation and advisory solution, along with Neuro, which supports self-learning, autonomous directional drilling and geosteering capabilities.Precise, DrillSync, DrillOps and Neuro are part of SLB’s portfolio
Petro-Victory commences drilling campaign in the Potiguar Basin
Petro-Victory Energy started a drilling campaign of the AND-5 well at the Andorinha Field located in the Potiguar Basin, Rio Grande do Norte, Brazil.The AND-5 well drilling campaign, located in the 100% owned Andorinha Field in Brazil’s Potiguar Basin, commenced on 20 June 2025. The well represents the first of two fully-funded drilling programs in the Andorinha field under Petro-Victory’s strategic partnership with Azevedo & Travassos Energia. The well targets the Açu and Alagamar formations at a targeted total depth of approximately 1,177 m. The company will provide updates upon completion of the well.(2025-06-23)
CsTeC Released 252 Liqui-Lok High Temperature Casing Thread Locking Compound Product
A zinc-free, thread locking compound, 252 Liqui-Lok Zinc-Free is specially formulated to replace the welding of casing joints and threaded connections. This two-part epoxy compound is easily mixed under wide range of temperatures due to its workable consistency. 252 Liqui-Lok Zinc-Free is unaffected by vibration, pounding, or expansion due to temperature changes. It withstands high break-out torque and provides a leakproof seal.BENEFITS:○Zinc-free○Environmentally friendly in cured form○Mixes easily○Workable consistency in excess of one hour○Water resistant○Oxidation resistant○Withstands high break-out torque○Provides a leakproof seal and strong permanent bond○Self lubricating○Unaffected by vibration, pounding or temperature○Excellent adhesionAPPLICATION:○Thoroughly clean male and female threads to remove all