News
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Will Tungsten Prices Keep Rising? And How Do Price Hikes Affect Drill Bit Quality?
Tungsten prices are in a short-term correction, mid-to-long-term bullish trend, with limited downside and solid upside potential. • Short term (1–2 months): After hitting historic highs in March 2026, tungsten prices (e.g., 65% wolframite concentrate) have corrected by over 33% by early ...Read more -
How Does HDD Hole Opener Drill Holes with drilling rig during HDD project ?
The Hole Opener used in Horizontal Directional Drilling (HDD) does not “drill a new hole from scratch”. Instead, it follows a three-step process: first drilling a small pilot hole, then using the hole opener to gradually expand the hole to the designed diameter, and finally pulling ba...Read more -
2026 Deep Drilling Game-Changer: Far East High-Temperature PDC Bit Breaks 10,000-Meter Barrier
Release Date: May 5, 2026 Source: China Far Eastern Industry Co.,Limited- factory: Weifang Far Eastern Machinery Co., Ltd. Introduction: As global demand for deep-earth energy exploration surges, ultra-deep drilling (exceeding 10,000 meters) has become a strategic frontier for unlocking oil, gas,...Read more -
WEIFANG FAR EASTERN MACHINERY Shines at CIPPE 2026 with a Successful Show
BEIJING, March 28, 2026 — WEIFANG FAR EASTERN MACHINERY has concluded its participation in the 26th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE 2026) with great success, held from March 26 to 28 at the China International Exhibition Center (Shunyi ...Read more -
China Top Drilling Innovator Launches Next-Generation TRICONE BIT, Redefining Efficiency and Durability in Rock Drilling
A leading drilling technology innovator from China has officially announced the launch of its next-generation TRICONE BIT, marking a significant advancement in rock drilling performance, durability, and operational efficiency across multiple industries. Designed to meet the increasingly demanding...Read more -
Oilfield Company Announces Large-Scale Acquisition of Drill Collars, Featuring Favorable Prices and Quality Assurance
April 27, 2026 – A leading oilfield operation company announced a large-scale drill collar acquisition, including substantial 165mm and 178mm used drill collars as well as 121mm brand-new ones, with favorable prices and strict quality guarantees. All used drill collars will go through rigorous i...Read more -
Price of Tungsten Products on Apr. 24 2026
This week, tungsten prices generally declined, with sluggish transactions and a supply-demand stalemate. Previous sustained price increases led to concentrated profit-taking by suppliers; some holders sold at lower prices, causing divergences among sellers. Meanwhile, buyers’ purchasing willingne...Read more -
High-Quality Recovered Drill Collars (Approx. 200mm) Now Available with Competitive Pricing
We are pleased to announce a batch of high-quality recovered 200mm (7 7/8 inches) drill collars, sourced from active oilfields. Rigorously inspected and restored to meet industry standards, they offer excellent performance at a competitive price, ideal for oil and gas drilling operations aiming t...Read more -
Belt and Road Partners Praise High-Performance Drill Bits: Tricone, PDC & Single-Cone Bits Deliver Reliable Results
Clients along the Belt and Road Initiative have provided highly positive feedback on our drilling products, including tricone bits, PDC bits and single-cone bits. These drill bits have been widely used in infrastructure, energy exploration and well-drilling projects. Customers praised their stabl...Read more -
API Factory of Trenchless PDC Reamer in HDD drilling project
PDC reamer (Polycrystalline Diamond Compact reamer) is a high-efficiency trenchless tool for horizontal directional drilling (HDD), used to enlarge pilot boreholes for pipeline installation without surface excavation. It has fixed PDC cutters, widely applied in urban utility, oil/gas and river-cr...Read more -
Leading Hole Opener Factory Drives Industry Innovation, Catering to Booming Global Drilling Demand
April 12, 2026 – With the global hole opener market expected to grow at a 6.5% CAGR to USD 3.4 billion by 2035, a leading factory is leading innovation to meet demands from oil & gas, mining,HPP, and infrastructure sectors. Boasting decades of experience, the factory has a full production sy...Read more -
Kingdream HA Series IADC435 & IADC115 Tricone Drill Bits for Oil Drilling: In Stock, Good Price & Reliable Quality
Our company is pleased to announce that Kingdream HA Series IADC435 and IADC115 tricone drill bits for oil drilling are now in stock and ready to ship, providing cost-effective and reliable solutions for global oil drilling projects. As a professional oil drilling equipment supplier, we cooperat...Read more