The head of the U.S. Senate Foreign Relations Committee has asked the country's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine, and demanded that they commit to “cease all investments” in Russia's fossil fuel infrastructure. Sen. Bob Menendez, a Democrat from New Jersey, cited an Associated Press report that the companies — SLB, Baker Hughes and Halliburton — helped keep Russian oil flowing even as sanctions targeted the
As people around the world made sacrifices in solidarity with Ukraine, the July 27 letter concluded, “your company sought to make a profit... there is simply no good explanation for this behavior, other than to make a dollar.”
SLB spokeswoman Moira Duff declined to comment on conversations with elected officials or regulators after receiving Menendez's letter, and didn't respond to questions about future investment in Russia. As of this spring, SLB had 9,000 employees there; in July, Duff confirmed the company still had employees in the country. On Sept. 1, she told The AP that in general “nothing has changed” since July, when the company insisted it had followed all laws and condemned the war.
Halliburton spokesman Brad Leone said by email that the firm was the first major oilfield services company to exit Russia, in compliance with sanctions. “It has been more than a year since we have conducted operations there,” he said.
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