Schlumberger Ltd ( SLB.N ), the world’s No.1 oilfield services provider, said the oil downturn appeared to have bottomed out and it was considering rolling back pricing concessions. Schlumberger’s statement echoed smaller rival Halliburton Co’s ( HAL.N ) comment that “deep, uneconomic pricing cuts” would have to be reversed. Oilfield services companies were forced to cut rates after oil producers slashed their capital budgets in response to a slide in crude prices to their lowest in more than a decade. “As oil prices have nearly doubled from their lows of January 2016, we are now shifting our focus to recover the temporary pricing concessions that have been made,” Chief Executive Paal Kibsgaard said in a statement on Thursday. He said the company was also planning to renegotiate contracts with limited […]