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Slow growth ahead

SCHLUMBERGER expects a third consecutive year of exploration and production under-investment, but growth is undoubtedly there as reflected in its latest quarterly and the gradually rising number of US rigs.

Anthony Barich
Schlumberger men working a casing tool.

Schlumberger men working a casing tool.

The world's biggest oil field services provider said on Friday that its full-year revenue of $US27.8 billion was down 22% despite three quarters of activity from the recently-acquired Cameron group that...

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