Trader Sumitomo Seeks U.S. Shale Service Business Despite Exiting Production ...Middle East

Japanese trading firm Sumitomo will look to increase its services and related business in the U.S. shale patch, three years after quitting shale production operations, Sumitomo president Shingo Ueno told Bloomberg in an interview published on Monday. In early 2021, Sumitomo sold the last of its production assets in the U.S. shale patch, divesting its oil-producing operations in the Eagle Ford. Prior to that deal, Sumitomo sold its Marcellus Shale Gas development project and its relevant assets in Pennsylvania. The Japanese trading…

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