European Oilfield Services: More pain to come before sector recovers

28 November 2015, News Wires – When France’s Schlumberger Ltd. reported its third-quarter results in mid-October, the company delivered numbers that looked very robust at the bottom line. But the world’s number one oilfield services provider produced a marginally better-than-expected quarterly profit only because it made deep cost cuts. Schlumberger is unusual among European oilfield […] More »