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2014-05-22 18:15:00

SINOPEC & WEATHERFORD: AIMS TO MARRY

SINOPEC & WEATHERFORD: AIMS TO MARRY

China's Sinopec Group said on Wednesday it has agreed with U.S.-listed Weatherford International to form a joint venture oilfield service company.

The joint entity aims to marry Weatherford's technological and management know-how with the Chinese oil major's ability to expand its upstream business, including in the country's potentially vast shale gas fields, industry officials have said.

reuters.com

Tags: SINOPEC, WEATHERFORD, OIL

Chronicle:

SINOPEC & WEATHERFORD: AIMS TO MARRY
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

SINOPEC & WEATHERFORD: AIMS TO MARRY
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

SINOPEC & WEATHERFORD: AIMS TO MARRY
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

SINOPEC & WEATHERFORD: AIMS TO MARRY
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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