Oilfield Services Giant SLB Expands in Russia Despite Sanctions ...Middle East

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Oilfield Services Giant SLB Expands in Russia Despite Sanctions
source : OILPRICE ( Middle East ) () 48
Oilfield services giant SLB, formerly Schlumberger, is still operating in Russia and expanding its operations there in the absence of its biggest competitors. This is according to a Financial Times report that cites filings made by the company that show it has been importing equipment into Russia, hiring new employees, and signing new contracts. Last year, SLB said it would stop delivering “products and technology into Russia” although unlike its peers Halliburton and Baker Hughes, it never said it would exit Russia. According to the…

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