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Schlumberger (SLB) purchases a 20% stake in Hong Kong-listed Anton Oilfield Services as it seeks...

Schlumberger (SLB) purchases a 20% stake in Hong Kong-listed Anton Oilfield Services as it seeks to enter China’s nascent but potentially game-changing shale gas industry. Barclays calls the deal a “significant development” in China’s shale industry, as SLB’s expertise will allow the Chinese government to reach its production targets to tap its huge shale resources.
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Comments (1)
  • bobcurran
    , contributor
    Comments (9) | Send Message
     
    It makes sense for SLB to enter this market since we are not permitting extensive shale industry capitalization, after all they are still in the business of profits..
    9 Jul 2012, 05:44 PM Reply Like
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