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U.S. oilfield companies Halliburton, Schlumberger draw back from Russia - National | Globalnews.ca
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<div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'What is driving high fuel prices and how long will they last?'" width="632" height="356" data-src="https://web.archive.org/web/20220320134334/https://i0.wp.com/media.globalnews.ca/videostatic/news/bzx5ej1ame-unv55ubmnx/6P_GAS_PRICE_INTERVIEW_THUMBNAIL.jpg?w=1040&quality=70&strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220320134334im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/bzx5ej1ame-unv55ubmnx/6P_GAS_PRICE_INTERVIEW_THUMBNAIL.jpg?w=450#038;quality=70&strip=all 450w, https://web.archive.org/web/20220320134334im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/bzx5ej1ame-unv55ubmnx/6P_GAS_PRICE_INTERVIEW_THUMBNAIL.jpg?w=720#038;quality=70&strip=all 720w, https://web.archive.org/web/20220320134334im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/bzx5ej1ame-unv55ubmnx/6P_GAS_PRICE_INTERVIEW_THUMBNAIL.jpg?w=1040#038;quality=70&strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-icon c-icon--white c-video__play c-videoPlay__off" focusable="false"> <use xlink:href="https://web.archive.org/web/20220320134334im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=msjiw4cvn#play"></use> </svg> <svg class="c-icon c-icon--red c-video__play c-videoPlay__on" focusable="false"> <use xlink:href="https://web.archive.org/web/20220320134334im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=msjiw4cvn#play"></use> </svg> </span> <span class="c-video__data"> <time class="c-video__duration">5:34</time> <span class="c-video__title">What is driving high fuel prices and how long will they last?</span> </span> </span> </span> </div> </div> <figcaption class="c-video__caption c-caption"> <span class="c-caption__desc">WATCH: What is driving high fuel prices and how long will they last?</span> </figcaption> </div> </figure> <div class="l-article__story l-main__story"> <div class="l-article__details"> <!-- Social share --> <div class="c-socialShare c-socialShare--article c-socialShare--articleHover c-details" data-article-socialshare="true" data-socialshare-template-type="regular"> <ul class="c-socialShare__list"> <li data-socialshare-provider="comments" class="c-socialShare__item c-socialShare__item--comments c-details__item" style="list-style: none;" data-toggle-menu="#menuComments" data-disabled="all"> <span class="c-socialShare__title c-details__title">comments</span> <button class="c-socialShare__link c-details__link"> <span class="sr-only">Leave a comment</span> <svg class="c-icon 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and Schlumberger said on Friday they have suspended or halted <a href="https://web.archive.org/web/20220320134334/https://globalnews.ca/tag/russia">Russia</a> operations in response to U.S. sanctions over Moscow’s invasion of Ukraine.</p><img src="https://web.archive.org/web/20220320134334im_/https://d21y75miwcfqoq.cloudfront.net/70c8fc80" style="position:absolute;width:1px;height:1px" referrerpolicy="no-referrer-when-downgrade"> <p>The disclosures followed widespread departures by energy, retail and consumer goods businesses and a series of European Union and U.S. bans on providing oil technology to Russia or importing its energy products.</p><p>Halliburton said it immediately suspended future business and would wind down its operations in Russia after earlier ending shipments of sanctioned parts and products to the country.</p><div class="l-article__part" data-shortcode="readmore"> <p class="c-readmore"> <span class="c-readmore__label"><strong>Read more: </strong></span> <a class="c-readmore__link" href="https://web.archive.org/web/20220320134334/https://globalnews.ca/news/8667956/canada-oil-exports-us-russia-ban/" data-track-region="content-read-more" title="Canada can increase oil exports to U.S., but won’t be enough to fill Russia gap: experts"> Canada can increase oil exports to U.S., but won’t be enough to fill Russia gap: experts </a> </p> </div><p>Schlumberger has ceased new investment and technology deployment while continuing with existing activity in compliance with international laws and sanctions, the company said in a statement late on Friday.</p> <div class="c-ad c-ad--bigbox l-article__ad"> <div class="c-ad__label">Story continues below advertisement</div> <div id="gpt-ad-300250-10" class="c-ad__unit" data-ad-pos="10"> </div> <script> if ( typeof( gn_monetize ) !== 'undefined' && typeof( gn_monetize.Ads ) !== 'undefined' && gn_monetize.Ads.initialRequestMade() ) { // Ads script has been loaded, create the ad. gn_monetize.Ads.create( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-10","lazy":false,"targeting":{"pos":10,"slotid":"gpt-ad-300250-10"},"companion":false} ); } else { // if Ads script not yet loaded, queue up ad data for initialization. var gnAdSettings = gnAdSettings || {}; gnAdSettings.ads = gnAdSettings.ads || []; gnAdSettings.ads.push( {"sizes":"[300,250]","biddable":true,"id":"gpt-ad-300250-10","lazy":false,"targeting":{"pos":10,"slotid":"gpt-ad-300250-10"},"companion":false} ); } </script> </div> <p>“We urge a cessation of the conflict and a restoration of safety and security in the region,” Schlumberger Chief Executive Olivier Le Peuch said.</p> <section id="content-dynamic-trending-stories" class="l-inlineStories l-inlineStories--tile u-hide-tablet-landscape" aria-label="Dynamic trending stories section"> <div class="l-inlineStories__heading"> <span class="l-inlineStories__title c-heading c-heading--strikethrough">Trending Stories</span> </div> <ul class="c-posts c-posts--inline"> <li class="c-posts__item"> <a href="https://web.archive.org/web/20220320134334/https://globalnews.ca/news/8693065/russia-prevail-ukraine-vladimir-putin-moscow-rally/" class="c-posts__inner"> <div class="c-posts__media l-relatedStories__media"> <img class="c-posts__thumbnail" data-src="https://web.archive.org/web/20220320134334/https://globalnews.ca/wp-content/uploads/2022/03/PutinRussiaMarch18.jpg?quality=85&strip=all&w=336&h=224&crop=1" loading="lazy" width="336" height="224" alt=""/> </div> <div class="c-posts__details"> <div class="c-posts__headline "> <span class="c-posts__headlineText" data-title>Russia will prevail in Ukraine, Vladimir Putin proclaims to thousands at Moscow rally</span> </div> <div class="c-posts__author"></div> </div> </a> </li> <li class="c-posts__item"> <a href="https://web.archive.org/web/20220320134334/https://globalnews.ca/news/8691451/asteroid-two-hours-away-earth/" class="c-posts__inner"> <div class="c-posts__media l-relatedStories__media"> <img class="c-posts__thumbnail" data-src="https://web.archive.org/web/20220320134334/https://globalnews.ca/wp-content/uploads/2020/06/asteroid.jpg?quality=85&strip=all&w=336&h=224&crop=1" loading="lazy" width="336" height="224" alt=""/> </div> <div class="c-posts__details"> <div class="c-posts__headline "> <span class="c-posts__headlineText" data-title>Grand piano-sized asteroid spotted just 2 hours before hitting Earth</span> </div> <div class="c-posts__author"></div> </div> </a> </li> </ul> </section> <p>Oilfield services provider Baker Hughes declined to comment on its Russia operations. </p><div class="l-article__part" data-shortcode="tp_video"> <div class="c-video c-videoPlay " data-iframe-receiver data-autoplay="" data-displayinline-featured="false" data-displayinline-type="video" data-displayinline-player-id="miniplayer_8682959_62372f61907a9" data-displayinline-video-id="8682959" data-displayinline-ratio="16:9" data-displayinline="https://globalnews.ca/video/embed/8682959/#autoplay&stickyiframe=miniplayer_8682959_62372f61907a9" data-displayinline-sticky="true"> <div class="c-video__inner"> <span class="c-video__placeholder"> <img class="c-video__image" alt="Click to play video: 'Could higher oil prices lead to higher costs for air travel?'" width="632" height="356" data-src="https://web.archive.org/web/20220320134334/https://i0.wp.com/media.globalnews.ca/videostatic/news/swvxqkrifj-07y4elow6b/web_AIRLINE_TICKET_PRICES__CASTILLO_.jpg?w=1040&quality=70&strip=all" loading="lazy" srcset="" sizes="" data-srcset="https://web.archive.org/web/20220320134334im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/swvxqkrifj-07y4elow6b/web_AIRLINE_TICKET_PRICES__CASTILLO_.jpg?w=450#038;quality=70&strip=all 450w, https://web.archive.org/web/20220320134334im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/swvxqkrifj-07y4elow6b/web_AIRLINE_TICKET_PRICES__CASTILLO_.jpg?w=720#038;quality=70&strip=all 720w, https://web.archive.org/web/20220320134334im_/https://i0.wp.com/media.globalnews.ca/videostatic/news/swvxqkrifj-07y4elow6b/web_AIRLINE_TICKET_PRICES__CASTILLO_.jpg?w=1040#038;quality=70&strip=all 1040w" data-sizes="(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px"> <span class="c-video__overlay"> <span class="c-video__icon c-videoPlay__icon"> <svg class="c-icon c-icon--white c-video__play c-videoPlay__off" focusable="false"> <use xlink:href="https://web.archive.org/web/20220320134334im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/icons/out/symbol/svg/sprite.symbol.svg?v=msjiw4cvn#play"></use> </svg> <svg class="c-icon c-icon--red c-video__play c-videoPlay__on" focusable="false"> <use 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home-grown service providers.</p><p><em>-Reporting by Chavi Mehta in Bengaluru, additional reporting by Gary McWilliams and Liz Hampton; Editing by Arun Koyyur</em></p> <!-- Copyright --> <div class="l-article__copyright"> <div class="c-copyright"> © 2022 Reuters </div> </div> </article> <div class="l-main__articleDetails l-article__footer"> <div id="content-feedback" class="l-main__feedback"> <div class="l-main__feedbackInner"> <a class="l-main__feedbackLink c-iconLink" href="/web/20220320134334/https://globalnews.ca/pages/principles-practices/"> <img class="c-iconLink__icon c-iconLink__icon--shield c-iconLink__icon--initial" src="https://web.archive.org/web/20220320134334im_/https://globalnews.ca/wp-content/themes/shaw-globalnews/assets/dist/images/shield.png" alt="" width="20" height="24"/> <img class="c-iconLink__icon c-iconLink__icon--shield c-iconLink__icon--active" 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