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In October 2024, Azure Holding Group Corp. completed a strategic merger with CST Drilling Fluids, a fourth-generation oilfield services firm. The partnership is expected to leverage extensive expertise and deliver high-quality solutions across drilling operations.
- In August 2024, Angarsk Petrochemical Company, part of Rosneft’s refining and petrochemical division, began manufacturing Rosneft Drilltec B2Ih drilling fluids. These fluids, based on low-viscosity hydrocarbons, are designed to be environmentally friendly.
- In April 2023, ADNOC Drilling secured a major contract to deliver drilling services for the Upper Zakum field, ADNOC’s largest offshore production site. The agreement involves the deployment of state-of-the-art drilling units and is part of ADNOC’s broader strategy to enhance production capacity, improve operational efficiency, and promote sustainable offshore development.
- In March 2022, Repsol introduced a riserless mud recovery system at the Yme field to enhance drilling performance and minimize environmental risks. This advanced system enables the collection and reuse of drilling fluids without using a riser, resulting in reduced environmental impact and smoother drilling operations with minimal downtime.
- In March 2022, NOV and Chevron entered a joint development initiative focused on enhancing offshore processing efficiency. Similarly, in May 2022, Halliburton and Norwegian oil and gas firm Aker BP announced a collaboration to develop next-generation software for field development planning.
- In March 2022, Weatherford International plc revealed that its Memory Raptor cased-hole evaluation system was recognized with a Spotlight on New Technology Award at the Offshore Technology Conference Asia (OTC Asia 2022), highlighting its innovation and performance in cased-hole evaluations.
