Schlumberger russia sanctions , has also agreed to the following additional terms during the three-year term of probation, inter alia: (1) maintaining its cessation of all operations in Iran and Sudan, (2) reporting on the parent company’s compliance with sanctions, (3 Oil services company Schlumberger Limited (NYSE:SLB) has not violated sanctions against Russia and the company has been told what the U. oilfield services companies Halliburton Co and Schlumberger said on Friday they havesuspended or halted Russia operations in response to U. , a former subsidiary, that was acquired by Lufkin Rod Lift, Inc. Representatives Jake Auchincloss (D-MA-04) and Lloyd Doggett (D-TX-37) led a bipartisan effort calling on the Biden Administration to pursue more vigorous Russian oil sanctions and questioning an exception granted to a U. -based oil-services company Schlumberger, which allows it to continue operating in Russia. -based oil services company On July 14, 2023 SLB announced that it is halting shipments of products and technology into Russia from all SLB facilities worldwide in response to the continued expansion of international sanctions. Cameron’s operations into Schlumberger’s compliance program; o Implementing an automatic block on all orders with a Russia “bill to,” “ship to,” or end-user reference — such transactions are then required to undergo an additional layer of review by Schlumberger before they are approved; and May 1, 2024 · The U. Since Vladimir Putin’s illegal invasion Mar 25, 2024 · SLB, formerly Schlumberger, is resisting pressure to leave Russia from the Ukrainian government and human rights groups, which allege the company’s presence in the country helps to generate oil Jul 18, 2023 · A sign for SLB, formerly Schlumberger, is displayed at the building on Tuesday, March 21, 2023, in Houston. Representatives Lloyd Doggett (D-TX-37) and Jake Auchincloss (D-MA-4) led a bipartisan effort to demand a tightening of Russian oil sanctions and to question an exception granted to a U. Mar 22, 2022 · International sanctions have made it difficult for oilfield service providers Halliburton (HAL) and Schlumberger (SLB) to conduct operations in Russia. K. Jul 14, 2023 · The company, formerly known as Schlumberger, said the Russia ban now applies to all its worldwide operations, not just those in the U. and European economic sanctions against Russia over the Ukraine crisis will have a limited impact on the company's financial results for the third quarter. Cameron agreed to pay $1. Two giant US oil field services companies, Halliburton and Schlumberger, have said they are suspending operations in Russia, in response to US sanctions over the invasion of Ukraine. They recently wrote a letter to the U. 03/share. Of this total, the FT said, $2. In a pair of enforcement actions, here and here, OFAC settled two separate actions involving Schlumberger Limited subsidiaries – the first involving Cameron International Corporation, and the second, Schlumberger Rod Lift, Inc. Exclusive news, data and analytics for financial market professionals Learn more about Refinitiv Oct 20, 2024 · A bipartisan coalition in the US Congress is demanding that the Biden administration strengthen sanctions against Russia's oilfield services industry, stressing that existing regulations are Schlumberger said Tuesday that U. —U. Western Governments' Stance on Oct 23, 2024 · and q At least 52 members of Congress want expanded sanctions against Russia's oil trade in a move to reduce the country's war treasury as it battles Ukraine. Aug 20, 2024 · Major American providers, the largest being SLB, of oilfield services supplied Russia with millions of dollars in equipment for months after its invasion of Ukraine, helping to sustain a critical May 10, 2023 · SLB has made several operational and structural changes to keep its Russian business in compliance with Western sanctions on oil equipment and technology transfers, as it aims to ride out Oct 21, 2024 · Dozens of U. Representatives from both political parties urged the Biden administration to toughen sanctions on Russian oil shipments and questioned an exception issued to the world's largest HOUSTON, March 18, 2022—Schlumberger today provided the following update with regard to its operations in Russia: “We have watched with immense concern as the conflict in Ukraine has escalated,” said Chief Executive Officer Olivier Le Peuch. Rosbank was sanctioned by the US government in 2022 and by the EU in 2023. government to toughen sanctions on Russian oil and questioning an exception granted to U. Mar 25, 2015 · In addition to SOHL’s commitments, under the plea agreement, SOHL’s parent company, Schlumberger Ltd. S. and European countries have sought to cut Moscow's energy revenue for fighting the war through sanctions. Halliburton saidit had suspended future business in Russia in compliance with sanctions that prohibit transactions and work, including for certain state-owned . , U. and European sanctions prohibiting financial transactions with Russia, in part because measures taken against Russia's energy sector are not meant to fully Aug 16, 2024 · Data for last year shows that between August and December, SLB delivered $17. Oct 21, 2024 · Since Russia's 2022 invasion of Ukraine, the U. -based company, Schlumberger (SLB). government is willing to accept, Assistant Secretary of Mar 18, 2022 · U. sanctions over Moscow's invasion of Ukraine. 5 million worth of equipment into Russia. Treasury and state department chiefs and raised concerns about oil and gas technology giant SLB, Schlumberger, the Aug 16, 2024 · But western policymakers have avoided imposing comprehensive sanctions on oilfield services in Russia over concerns it would choke off fossil fuel exports and cause a jump in global oil prices. C. Oct 21, 2024 · Washington, D. Major American providers, the largest being SLB, of oilfield services supplied Russia with millions of dollars in equipment for months after its invasion of Ukraine, helping to sustain a critical part of its economy even as Western nations launched sanctions aimed at starving the Russian Oct 21, 2024 · Congress demands tighter sanctions on Russia's oilfield services industry, accusing SLB of funding Putin's war in Ukraine. — U. Jul 14, 2023 · SLB takes its responsibility to comply with export control and economic sanction laws extremely seriously, and the company remains aligned with the international community in condemning and calling for an end to the war in Ukraine. Oct 21, 2024 · More than 50 members of Congress have signed a letter calling on the U. 2 million worth of equipment was declared as Oct 22, 2024 · U. , the European Union and Canada. Remarkably, given the sanctions G7 nations have enacted to damage Russia’s oil revenues, this is not illegal. State Department believes oil services firm SLB has not violated sanctions against Russia and the company has been told what Washington is willing to accept, Assistant Secretary of State Aug 19, 2024 · However, Western governments have been hesitant to impose comprehensive sanctions on oilfield services in Russia due to fears of destabilizing global oil markets. Sep 28, 2017 · Russia’s antitrust watchdog has described US company . SLB-based oilfield services provider SLB has said it has no current plans to end its operations in Russia despite the ongoing conflict with Oct 21, 2024 · Washington, D. Schlumberger’s bid to take control of Russia’s largest oil and gas driller as “a risk to the country” amid deteriorating relations Apr 6, 2023 · Schlumberger, now known as SLB, not only didn't head for the exits -- it has been hiring en masse in Russia despite that nation's pariah status as Western countries look to impose sanctions in Aug 12, 2014 · $0. Read the latest FAQs for SLB in Russia. -based company, Schlumberger (SLB), operating in Russia. lawmakers are calling for stricter sanctions on Russian oil and questioning the exemption granted to U. Specifically, the lawmakers are questioning Treasury Secretary Janet Yellen and Secretary Antony Blinken as to why the Biden administration has Jan 19, 2023 · SLB has not likely fallen afoul of U. 423 million to settle OFAC charges for providing services to the Gazprom Oct 19, 2024 · A bipartisan coalition in Congress is demanding the Biden administration tighten sanctions on Russia’s oilfield services industry, alleging the current rules are enabling a major US firm to fuel Aug 16, 2024 · Technology Company Schlumberger’s banking details, given in publicly accessible documents for the VNIGNI contract, name a PJSC Rosbank account. jppmtqclomgmigmgltyksnvtrxxehidksrhikibmvlmmgugw