This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Given our recent success in producing oil and natural gas, it shouldn't shock anyone that other countries believe they can follow suit. China now has hopes of doubling its oil production by 2030. Because it will be relying heavily on unconventional production methods, the help of current experts in these areas will be needed. Equipment & service providers Halliburton (NYSE:HAL) and Schlumberger (NYSE:SLB) have already begun successfully setting up shop in China. They will be helping producers like CNOOC (NYSE:CEO) and Royal Dutch Shell (NYSE:RDS-A) tap these vast resources. For more, tune in to the clip below.
OPEC will certainly keep its eye on China, but this company is already a headache