Schlumberger warns of moderating North American activity
Released Monday, 23rd October 2017
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Schlumberger warns of moderating North American activity
Schlumberger warns of moderating North American activity
Monday, 23rd October 2017
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(Reuters) - Schlumberger Ltd (SLB.N) posted a bigger quarterly profit on Friday as its North American business continues to be helped by strong shale drilling, but the oilfield services giant said that investments in the region was moderating. The warning mirrors that of peer Baker Hughes (BHGE.N), which also said it was expecting a challenging market for the rest of the year. “In the U.S.
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