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Oil services giant Schlumberger axes 10,000 jobs after $1bn loss 

The world’s largest oilfield services company Schlumberger has lost more than $1bn and cut a further 10,000 jobs.

Like others in the industry, Schlumberger has been hard hit by the fall in energy prices and the downturn in the sector. It warned on Thursday that it does not expect a turnaround in the near future.

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