In April 2017, Black Bay Energy Capital, a North American private equity firm which invests in oilfield service industry, announced its investment in Downhole Chemical Solutions LLC, an U.S. based manufacturer of oilfield stimulation chemical products.
In Feb 2019, Halliburton Company, one of the world's leading providers of service and products in Oil and energy industry, announced to build the first Saudi Arabia based Oilfield Stimulation and specialty chemical manufacturing plant.