Industry News

EnQuest completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125% equity interest in (and operatorship of) the Chim Sáo and Dua production fields (Block 12W). The value of the transaction is $85.1 million and, net of interim period cash flows, the consideration paid by EnQuest was approximately $25.7 million.As of 1 January 2025, net 2P reserves and 2C resources across the fields totaled 7.5 million barrels of oil equivalent (boe) and 4.9 million boe, respectively. EnQuest intends to assess the additional prospects of Block 12W and translate discovered resources into reserves at the fields across three

Liquid-O-Ring 101EU Film Forming Lubricant is a premium quality highly concentrated lubricant that resists the corrosive effects of downhole chemicals. 101EU is made with LIQUILON, which enhances the lubricity and extreme pressure properties. LIQUILON is unaffected by acids, caustics, downhole chemicals, and hydrocarbons including gasoline and solvents.101EU is inert and thermally stable. The film forming properties of 101EU eliminates wear,guards against rust and corrosion, and prevents metal-to-metal contact thereby significantly reducing operating temperature. In many cases, the power (electricity) to operate is reduced. 101EU provides instant lubrication to equipment critical areas during start up.BENEFITS：▪ REACH compliant▪ Made with LIQUILON▪ Highly

Shelf Drilling received a three-year contract award for the J.T. Angel jackup rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The total added contract value is approximately $40 million. The rig is currently undergoing a contract preparation project, with operations expected to commence in October 2025.Separately, as part of the company’s on-going review of its fleet, it has decided to dispose of the Trident XII, which completed its drilling contract with ONGC earlier this year and is currently stacked in India. The intended sale will be for non-drilling purposes.（2025-07-03）

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,

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

Vallourec secured a $50 million contract to supply Oil Country Tubular Goods (OCTG) for drilling operations in Qatar.The agreement includes the supply of carbon steel OCTG products with premium connections, to be delivered in 2026 to support Qatar’s increasing drilling activity both onshore and offshore.（2025-06-19）

Recently, the innovative CsTeClepo brand tubing and casing quick inflatable thread protector of CsTeC Company has successfully completed its first systematic functional test.The CsTeClepo brand tubing and casing quick inflatable thread protector is an innovative high-end inflatable thread protector product independently developed by CsTeC Company. It is particularly suitable for the rapid movement and connection operations of tubing and casing in deep water and ultra-deep water oilfield sites, greatly enhancing operational efficiency and safety, thereby reducing the operation costs in deep water and ultra-deep water sites. The CsTeClepo brand tubing and casing quick inflatable thread protector was independently developed by

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 day, enhance surface treatment and develop an additional 10 million barrels of reserves through the optimization of existing wells and integrate a well-bay module to accommodate new wells, with a potential of 10 million additional barrels.The Kombi 2 construction project, including the upcoming drilling phases,