SAUDI ARABIA
 
Mideast Boosts Oil Service Firms’ 2Q Revenues
 
Oil service firms, Schlumberger, Halliburton and Baker Hughes identify the Mideast, and Saudi Arabia in particular, as key to their 2Q results and future growth. Iraq is also central, but the firms’ results there have been decidedly mixed.
 
The trend of Saudi Arabia’s growing importance to Schlumberger, Halliburton and Baker Hughes looks set to continue. Aramco recently announced it...