Canadian Energy Services Takes On Oilfield Chemical Giants
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Canadian Energy Services & Technology Corp., one of the country’s best-performing energy stocks, wants to double its market share with custom-made production chemicals as other oil and gas service companies struggle through the downturn.
The oilfield chemical maker is improving research facilities in Houston and Calgary, where it will hire 15 scientists when its newly renovated lab opens in late July, and is looking for acquisitions. It’s all part of a plan to expand the business and challenge industry giants like Halliburton Co. and Ecolab Inc. in North America.