Halliburton Completes Sale of Russia Operations

Friday, September 9, 2022

Oilfield services firm Halliburton Co said on Thursday it has completed the sale of its Russia operations and no longer operates in the country.

In March, Halliburton suspended its operations in the country in response to U.S. sanctions over Moscow's invasion of Ukraine and said it would wind down its operations in Russia. 

The company's operations were sold to a Russia-based management team made up of former Halliburton employees, the Texas-based company said.

Halliburton becomes the latest oil and gas company to leave Russia following Norwegian energy group Equinor, which exited the country earlier in September.


(Reuters - Reporting by Mrinalika Roy)

Categories: Industry News Activity Energy People & Company News Oilfield Services

Related Stories

Petrobras Takes Operatorship of Offshore Block in Central Africa

Pertamina Unit to Operate Indonesia’s Lavender Block under 30-Year PSC

Egypt Approves Draft Offshore Exploration Deal with Chevron

Current News

Astro Offshore Expands Subsea Capability with New MPSV

Petrobras Takes Operatorship of Offshore Block in Central Africa

TGS to Advance Offshore Seismic Development In Equatorial Guinea

ADES Boosts Backlog with Several Drilling Rig Deals off Nigeria

Subscribe for OE Digital E‑News