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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.
Oil prices plunge over concerns on supply glut and strong dollar
2016-04-01 01:00:00| Offshore Technology
There has been a fall in oil prices have due to ongoing concerns about a global supply glut, combined with a strengthening dollar and weaker stock markets in China.
Tags: prices
strong
supply
oil
Cairn Energy highlights appeal of North Sea amid crude price plunge
2016-03-16 15:09:56| Oil & Gas - Topix.net
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Cairn Energy highlights appeal of North Sea amid crude price plunge
2016-03-16 15:09:06| Energy - Topix.net
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Chinese exports plunge 25% in February
2016-03-08 10:39:18| BBC News | Business | UK Edition
Chinese exports saw their sharpest drop in almost seven years in February, adding to concerns over the health of the world's second largest economy.
Tags: february
chinese
exports
plunge
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