Schlumberger sees tightening oil market
CEO says technical issues may dampen growth in U.S. shale oil; says new investment in E&P needed in face of strong oil demand
During Schlumberger’s first quarter 2018 earnings call, Paal Kibsgaard, the company’s chairman and CEO, questioned how rapidly U.S. shale oil production may climb in response to a tight global oil market. Kibsgaard suggested that there are technical issues that may constrain shale oil growth below l....
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Market in balance Under investment
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