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

|About: Schlumberger Limited (SLB)|By:, SA News Editor

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.