Deep-Sea Woes Eclipse Shale Upturn in Schlumberger’s Dimmer View

Updated on
  • Division’s third-quarter results expected to deteriorate
  • Slump in West Africa, Brazil, Asia drags down unit’s searnings

Schlumberger Ltd. is expecting the situation to get worse for its drilling business in the third quarter as further deterioration in deepwater work around the world overshadows an uptick in U.S. shale plays.

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