Schlumberger NV reported a rise in third-quarter adjusted income on Friday, buoyed by higher demand for the company’s oilfield services and related equipment from producers looking to capitalize on a rebound in crude prices. Global crude prices rose 4.5% in the September quarter and have climbed nearly 64% since the start of 2021 on the back of a vaccine-fueled demand recovery. Worldwide rig counts was 1,448 at the end of the third quarter, compared with 1,019 a year earlier, according to Baker Hughes data. “The industry macro fundamentals have […]
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