Schlumberger to redeploy assets from the Gulf of Mexico

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Schlumberger Ltd. (NYSE: SLB) is preparing to redeploy resources that right now provide service capacity and technical support to the U.S. Gulf of Mexico to more profitable ventures, the company’s executives said on its earnings call April 21. The company saw plunging demand in the first quarter for its services offshore from the Gulf Coast, along with weak prospects on returns there, said Patrick Schorn, the company’s president of operations, on the call. “Pricing has in several recent cases…