Oil Rig Iran Just about everyone right now wants to know where President-elect Donald Trump stands on Iran, and what fate lies ahead for the nuclear deal and the easing of sanctions that have energy companies’ mouths watering—not the least of them oilfield services giant Schlumberger, which has just hedged its bets that sanctions are history despite heavy rhetoric to the contrary. Schlumberger has signed a memorandum of understanding with the National Iranian South Oil Company for the development of oilfields in Iran’s southern Khouzestan province, making it the second Western energy major to return to Iran after the lifting of most sanctions. According to the Iranian government, Schlumberger could be involved in up to three Iranian oil fields in an agreement that comes only two weeks after Norway’s DNO oil and gas company also signed an MOU on oilfield development in Iran. But for Schlumberger, things aren’t that […]