China Oilfield Services will improve gradually
China Oilfield Services (CHOLY) provides integrated offshore oilfield services in China and various international markets. The company has won contracts in various geographies outside of the China offshore region in the recent past. China Oilfield’s investment into developing advanced technologies has started to show results. Although the global offshore market has not recovered from the lack of new or greenfield projects since the 2014 crude oil price crash, China National Offshore Oil Corporation's (CNOOC) (CEO) significant capex spending has kept China Oilfield Services’ outlook steady in 2019.