Home › China's Sinopec Oilfield seeks growth in overseas and gas drilling to offset oil work plunge
 

Keywords :   


China's Sinopec Oilfield seeks growth in overseas and gas drilling to offset oil work plunge

2016-04-01 05:27:29| Oil & Gas - Topix.net

Sinopec Oilfield Service, whose biggest customer is China's second largest oil and gas producer Sinopec - has turned its focus to the overseas market and domestic natural gas projects for growth, as low oil prices cut domestic oil drilling work volumes and saw it post a loss last year. The drilling and construction services arm of state-owned China Petrochemical - parent of listed Sinopec - is aiming for overseas business to contribute up to 35 per cent of its revenues by 2020, up from 23 per cent last year.

Tags: work growth gas oil

Category:Energy and Environment

Latest from this category

All news
05.11ArcticRx Cold Chain Breakthrough Prevents Pharmaceutical and Food Loss
05.11Waste Pro Awards $30,000 to Athens Employees Celebrating 20 Years of Service
05.11Alterra, Neste and Technip Energies Partner to Advance Chemical Recycling
04.11Casella Waste Systems Advocates for Composting at Pumpkin Smashing Event
04.11Sydney, Australia Landfill Facing Capacity, Officials Stress for New Solutions
04.11WM Receives Approval from Canada for Stericycle Acquisition
04.11Western Australian State Government Awards Grant to Livium for EV Battery Recycling Plant
04.11ABCRC Selects Diversys to Digitize Albertas Beverage Container Recovery and Recycling Program
Energy and Environment »
05.11PM responds to Sir Alan Bates after repeated requests
05.11American Angus elects 2024-25 board leaders
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Public Advisory Number 8A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Brazil gives green light to medicinal use of Cannabis in animals
More »