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China's Sinochem is reportedly planning to exit its joint venture in U.S. shale with ExxonMobil, according to sources. The decision comes as Sinochem seeks to restructure its investments, with investment bankers from Barclays being hired to advise on the potential sale of its stake in the Wolfcamp joint venture. This move aligns with broader trends in the energy sector, as companies evaluate their positions in various shale plays, including YPF SA's consideration of selling its lithium unit to streamline investments in the Vaca Muerta shale patch.
"Sinochem...hired investment bankers at Barclays to advise it on the potential sale of its stake in the Wolfcamp joint venture." https://t.co/YUKwg3D1Fn #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/Wb1peG6DOo
"YPF SA is considering a sale of its lithium unit as part of a sweeping divestment strategy to streamline investments into the heralded Vaca Muerta shale patch." https://t.co/4Q84nx3BP4 #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/29v1bgUkD1
Woow! Why? China's Sinochem plans to exit US shale JV with Exxon, sources say #Shale https://t.co/VFsQJEgynl
