Halliburton and Schlumberger suspend operations in Russia


US oil service companies Halliburton Co. and Schlumberger suspend operations in Russia as Houston, Texas-based companies respond to US sanctions over Russian invasion of Ukraine

NEW YORK — U.S. oil service companies Halliburton Co. and Schlumberger have announced they are suspending operations in Russia as the Houston, Texas-based companies respond to U.S. sanctions over Russia’s invasion of Ukraine.

Halliburton announced on Friday that it was suspending future operations in the country as the company complied with sanctions that prohibit transactions and work, including for some Russian state-owned customers. Halliburton said it would prioritize safety and reliability when closing its remaining operations in Russia.

Haliburton said it halted all shipments of sanctioned parts and specific products to Russia several weeks ago. Halliburton said there were no active joint ventures.

Schlumberger said on Friday it immediately suspended investment and deployment of the technology in its Russian operations. He said he would continue to actively monitor this “dynamic” situation.

“Safety and security is at the core of who we are as a company, and we call for an end to the conflict and a return to safety and security in the region,” said Schlumberger CEO, Olivier Le Peuch, in a press release.

As the war continues and the deadly violence and humanitarian crisis worsen, the businesses that remain are under increasing pressure to leave.

More than 400 American and multinational companies have pulled out of Russia, either permanently or temporarily, according to Jeffrey Sonnenfeld, senior associate dean of executive programs at Yale University’s School of Management, who posted a list of operations on companies in Russia.

Oil companies ExxonMobil, Shell and BP, along with some big tech companies like Dell and Facebook, were among the first to announce their withdrawal or suspension of operations. Many others, including McDonald’s, Starbucks and Estee Lauder, followed. There are about 30 companies left.

Ukrainian President Volodymyr Zelensky on Wednesday called on Congress to pressure U.S. companies still operating in Russia to leave, saying the Russian market is “flooded with our blood.”

ABC News

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