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Business & Regulation

Schlumberger reports 30% drop in revenue in Q1

Oilfield services firm Schlumberger has posted a 30% year-on-year drop and 6% sequential drop in global revenue in the first quarter of 2021. The company’s total revenue amounted to $5.22bn…

Chinese firm to develop Iraq gas field

Beijing-based China Petroleum & Chemical Corporation (Sinopec) has won a contract to develop Iraq's Mansuriya gas field near the Iranian border, according to a statement from the country’s Oil Ministry.…