Finance

'Increased confidence': Schlumberger bullish on multi-year surge for oilfield services

Schlumberger chief predicts 20% increase in North American capital spending, ‘low to mid-teens’ internationally

Strong optimism: Schlumberger chief executive Olivier Le Peuch believes the oilfield services segment is preparing for a multi-year surge in activity as oil and gas production increases
Strong optimism: Schlumberger chief executive Olivier Le Peuch believes the oilfield services segment is preparing for a multi-year surge in activity as oil and gas production increasesPhoto: ASSOCIATED PRESS
Houston
SchlumbergerNorth AmericaOlivier Le PeuchAmericasNorth America
Published 21 January 2022, 21:25Updated 26 January 2022, 08:56