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Weatherford, valued at $11 billion and one of the industry'smost acquisitive firms, about a year ago started talks withSinopec Oilfield Service Company (SOSC), a new upstream servicearm of the Chinese energy giant, to explore the possibility of ajoint venture. Talks have now entered an advanced stage, twopeople with direct knowledge of the matter told Reuters. Theydidn't want to be named as they are not authorized to speak tothe media.
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The owner of French firm Divinextases has since seen sales triple to 450,000 euros ($600,000 USD) after refocusing his online business to "eco-erotic" products, earning him a quality label from France's national organic federation.