Schlumberger's $1.7B deal delayed as it awaits Russian approval

Schlumberger Ltd.’s (NYSE: SLB) $1.7 billion deal for a stake in a Russian energy company is not expected to close on time as it awaits regulatory approval.

The oilfield services giant plans to pay $22 a share for a 45.65 percent stake in Eurasia Drilling Company Ltd., the largest drilling and well engineering services company for onshore drilling in Russia.

The two companies are continuing to cooperate with the Russian Federal Anti-Monopoly Service to respond to requests for information regarding…