Schlumberger's upstream investments

A WEEK after announcing the sacking a further 10,000 workers, the world's largest oilfield services provider has decided to increase its direct exposure to upstream oil and gas by negotiating a position in Ophir Energy's proposed Fortuna floating LNG project offshore Equatorial Guinea.

28 January 2016
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Schlumberger's full year 2015 revenue decreased 27% year-on-year to $US35.5 billion ($A50 billion) as its customers slashed investment.

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