News Briefing on Oil Drilling Tools & Mining Drill Pipes

1. Suzhou Xinyue Wins Sinopec Jianghan Drilling Downhole Drilling Tool Project

  In December 2025, Suzhou Xinyue Co., Ltd. won the procurement project of downhole drilling tool support rings from Sinopec Jianghan Drilling Petroleum Machinery. With its alloy tool technology strength, it has been recognized by the industry, and this project will help expand its market share in oil drilling tools.

2. Jiangsu Hexin Petroleum’s Intelligent Drilling Rig Selected as Yangtze River Delta Innovation Model

  In August 2025, the multi-functional large-diameter forward-reverse drilling rig (integrating directional and raise boring functions) developed by Jiangsu Hexin Petroleum was selected as an innovative product in the Yangtze River Delta region. Its annual sales of raise boring rods exceed 100 million yuan, with global sales of over 40,000 rods, and it also layouts large-diameter hard rock hob (for F12 ultra-hard geology).