Arab Today, arab today competition in china oilfield service sector may rise
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

Competition in China oilfield service sector may rise

Arab Today, arab today

Arab Today, arab today Competition in China oilfield service sector may rise

Chinese independent oilfield services (OFS)
Beijing - XINHUA

 Chinese independent oilfield services (OFS) firms are likely to face more competition over the longer term, said Fitch Ratings in a latest research note released earlier this week.
The operating conditions for independent OFS providers in China remained challenging due to shrinking orders and more private-sector participation that fuels the competition, according to Fitch.
These challenges have been reflected in Jan-June narrower margins of many independent OFS firms such as Anto Oilfield Services Group, Petro-King Oilfield Services Ltd. and SPT Energy Group Inc.
The rating agency forecasted that order flows are likely to improve for the next 12 to 18 months as the Chinese national oil companies will continue to replace reserves and increase production.
"But margins would likely be impacted by the opening up of the market and greater transparency in the tendering process for outsourced oilfield services jobs," the research note said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today competition in china oilfield service sector may rise Arab Today, arab today competition in china oilfield service sector may rise

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today competition in china oilfield service sector may rise Arab Today, arab today competition in china oilfield service sector may rise

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday