Oil field services company Schlumberger says its first quarter revenue suffered one of the steepest declines in years. File Photo by ekina/UPI HOUSTON, April 22 (UPI) — Schlumberger, the largest oil field services company in the world, said its first quarter revenue experienced one of its sharpest declines since 2014. The company said revenue through March 31 was $6.5 billion, a 16 percent drop from the previous quarter and 36 percent lower year-on-year. Chairman and CEO Paal Kibsgaard said in a statement the sequential decrease was one of the largest since crude oil prices started moving sharply lower near the end of 2014. “This was driven by a continuing drop in activity and persistent pricing pressure throughout our global operations as well as from project delays, job cancellations and activity disruptions,” he said. Lower crude oil prices, off about 60 percent from the 2014 highs, have left energy companies […]