Prepare OCTG Sourcing for Shifts in Drilling and Linepipe Demand

These routes capitalize on Egypt’s existing LNG capacity and avoid the costs and controversies of a direct Europe-bound pipeline

The Cronos field, operated by Eni and TotalEnergies, received a final investment decision with first gas targeted for around 2028. A planned subsea pipeline roughly 105 kilometers long will link it to Egypt’s Zohr infrastructure and then to Damietta for liquefaction and export primarily to Europe

Meanwhile, Egypt has solidified its position as the region’s liquefaction hub, though its own domestic demand and import needs create competition for capacity

News Nabors, Caturus launch 4-mile shale rig for ultra-high pressure drilling September 25, 2025 Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U

News Indonesia Energy advances two-well drilling program at Kruh Block January 09, 2026 Indonesia Energy Corporation is advancing pre-drilling operations for two new onshore wells at its Kruh Block in Sumatra, with drilling expected to begin before the end of first-quarter 2026 as part of a back-to-back development program. News Nabors, Caturus launch 4-mile shale rig for ultra-high pressure drilling September 25, 2025 Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most power

S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations

News Velesto secures $51 million Chevron Malaysia drilling contract July 22, 2026 Velesto Energy has secured a $51 million integrated rig, drilling and completion (i-RDC) services contract from Chevron Malaysia to support the 2026–2028 North Malay Basin Full Field Development campaign using the NAGA 8 jackup rig offshore Malaysia. News Halliburton wins GranMorgu drilling contract offshore Suriname July 13, 2026 Halliburton has secured integrated drilling and completions contracts for TotalEnergies' GranMorgu de

News Halliburton wins GranMorgu drilling contract offshore Suriname July 13, 2026 Halliburton has secured integrated drilling and completions contracts for TotalEnergies' GranMorgu deepwater project offshore Suriname, combining digital well construction technologies with local infrastructure investment to support the country's growing offshore sector

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Offshore Subsea Article Gel displacement supports subsea flowline decommissioning without production interruption July Mature offshore fields often require subsea flowline decommissioning while adjacent infrastructure remains in production, limiting conventional methods. Using a chemically engineered gel displacement system to remove hydrocarbons from two late-life pipe-in-pipe subsea flowlines in the Norwegian North Sea, the project demonstrates a repeatable approach for late-life subsea assets

Offshore Subsea Article Gel displacement supports subsea flowline decommissioning without production interruption July Mature offshore fields often require subsea flowline decommissioning while adjacent infrastructure remains in production, limiting conventional methods

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LNG will become the nation's second-largest net export industry by 2031, with feedgas demand expected to double and more than $1 trillion invested across the LNG supply chain through 2040 while domestic natural gas prices remain among the world's lowest. News Eni, Mercuria to combine oil and LNG trading operations July 01, 2026 Eni and Mercuria have agreed to form a joint venture combining their oil, LNG and biofuels trading operations

News DOE approves 20-year export authorization for Argent LNG project July 24, 2026 The U

S. LNG will become the nation's second-largest net export industry by 2031, with feedgas demand expected to double and more than $1 trillion invested across the LNG supply chain through 2040 while domestic natural gas prices remain among the world's lowest