(Reuters) – Oilfield services company Halliburton Co HAL.N said today it has suspended future business in Russia, including for certain state-owned Russian customers, in compliance with U.S. sanctions after Moscow’s invasion of Ukraine.
The company said it has no active joint ventures in the country and had weeks ago halted all shipments of specific sanctioned parts and products to Russia.
Other Western energy companies such as BP PLC BP.L, Shell RDSa.L and Norway’s Equinor ASA EQNR.OL have either suspended business or announced plans to abandon their Russia operations, leaving behind their investments.
Russia, which calls its actions in Ukraine a “special operation”, is among the world’s largest oil and gas producers that mainly relies on home-grown service providers.
Earlier this month, oil major Exxon Mobil XOM.N said it would exit Russia oil and gas operations valued at more than $4 billion and halt new investment.
