Oil services company Schlumberger said it expects to take a financial hit as a result of Western sanctions targeting the Russian energy sector. The United States, European and Canadian governments are among those targeting the Russian energy sector with sanctions in response to Moscow’s policies in eastern Ukraine and Crimea. Schlumberger said it was monitoring the events to make sure its activities are in line with applicable regulations regarding Russia’s energy sector. The company said the financial impacts should be limited to about 3 cents of earnings per share. “The sanctions are placing some restrictions on the engagement of certain people and equipment in our Russian operations which in the short term will have an impact on operational efficiency and costs in Russia,” Schlumberger said in a statement Tuesday. British energy company BP said in July sanctions on the Russian energy sector, particularly oil company Rosneft, could impact business […]