U.S. oil field services companies Halliburton Co. and Schlumberger said they are suspending operations in Russia as the Houston, Texas-based businesses respond to U.S. sanctions over Russia's invasion of Ukraine.
NEW YORK — U.S. oil field services companies Halliburton Co. and Schlumberger said they are suspending operations in Russia as the Houston, Texas-based businesses respond to U.S. sanctions over Halliburton announced Friday that it suspended future business in the country as the company complies with sanctions that prohibit transactions and work, including for certain state-owned Russian customers.
Schlumberger said Friday that it immediately suspended investment and technology deployment to its Russia operations. It said it will continue to actively monitor this “dynamic" situation.
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