Industry News

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 its workable consistency in excess of one hour.BENEFITS：▪ Friction factor of 1.5▪ Mixes easily▪ Workable consistency in excess of one hour▪ Water resistant▪ Oxidation resistant▪ Withstands high breakout torque▪ Provides a leakproof seal and strong permanent bond▪ Self lubricating▪ Unaffected by vibration and pounding▪ Excellent

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 prevents metal-to-metal contact and reduces operating temperatures. It is water-resistant and protects against corrosion as it lubricates.BENEFITS:▪ Non-melting▪ Film forming▪ Excellent cohesive and adhesive properties▪ High shock load▪ Water resistantAPPLICATION:Liquid-O-Ring PM600 is generally within the temperature range to lubricate wheel bearings, chassis, ball-joints, water pumps,

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 protective lubricant coating under heavy loads which prevents metal-to-metal contact. This lubricant has excellent load carrying capability and is very resistant to water washout. A NLGI grade 3 grease, Liquid-O-Ring 757 Lift Boat Gear Lube services temperatures from -8 (-22°C) up to 275°F (135°C) and

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, with Malaysia’s state-owned oil company, PETRONAS, serving as the operator with a 51% stake and Japan’s largest oil and gas company, INPEX CORPORATION, owning the remaining 35%.The Binaiya block lies in a region known for its active exploration activities. SK Earthon holds a 22% stake

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. The remaining 35% participating interest is held by state-owned Heritage Petroleum. The Central Block license encompasses approximately 6,699 gross acres (4,354 net working interest acres).（2025-05-19）

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 shale gas wells in China.Most of the resources in the Puguang Upper Permian are distributed in the ultra-deep field with a burial depth of over 4,500 m, which is regarded as a “forbidden zone” because of the rapid changes in the velocity of the strata.

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 Comstock’s Bethel and Marquez natural gas processing and production facilities in Texas, as well as other locations. The terms of the prospective projects are subject to further negotiation and execution of one or more definitive agreements.The agreement seeks to combine BKV’s proven and innovative CCUS