Schlumberger (SLB -2.4%) warns that North American activity is coming in weaker than expected in...

|About: Schlumberger Limited (SLB)|By:, SA News Editor

Schlumberger (SLB -2.4%) warns that North American activity is coming in weaker than expected in Q1, with fewer rigs going back to work. Asset utilization has recovered from a holiday slowdown and lower cost for guar, a key ingredient used in fracking, is providing some relief, but pricing remains the fundamental issue, CEO Paul Kibsgaard tells an energy conference. HAL -1.5%, BHI -2%, WFT -1.9%.