UPDATE 2-Schlumberger posts profit drop, sees international spending rising
(Recasts with international market commentary, adds industry background; updates shares) April 18 (Reuters) - Top oilfield services provider Schlumberger NV on Thursday forecast a gradual rise in international spending this year, after posting a 20 percent drop in quarterly profit due to weak North America demand. The oilfield services sector bellwether said it expects a 7 to 8 percent increase in investments by oil producers in markets outside North America. "We continue to see clear signs that E&P investments are starting to normalize," ...
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