Oilfield services giants Schlumberger and Halliburton are counting on ongoing recovery in the North American onshore sector to drive revenue and profit growth as the pair aim to put a loss-making 2016 behind them.

However, international markets will have to wait longer for a turnaround in fortunes as oil companies and other players plough resources into US onshore un­conventionals plays ahead of sectors such as the deep-water.

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