Exxon halts drilling at Russian Arctic well, SDRL 股票# Stock
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From SA:
Carl Surran, SA News Editor
Exxon Mobil (NYSE:XOM) has halted drilling at the Universitetskaya-1 well
off Russia's remote northern coast, Bloomberg reports, in what would be the
first tangible evidence that sanctions are slowing energy investment in the
country.
Work is said to have stopped a few days after the U.S. and EU barred
companies from helping Russia exploit Arctic, deepwater or shale oil fields.
U.S. sanctions gave American companies until Sept. 26 to stop all restricted
drilling and testing services, which means XOM and Seadrill's (NYSE:SDRL)
North Atlantic Drilling (NYSE:NADL) unit would be under the gun to finish or
temporarily seal the $700M well they are developing with Rosneft (OTC:RNFTF
).
"This has been one of the most-watched wells in the industry, so this is a
huge deal," an analyst says.
Carl Surran, SA News Editor
Exxon Mobil (NYSE:XOM) has halted drilling at the Universitetskaya-1 well
off Russia's remote northern coast, Bloomberg reports, in what would be the
first tangible evidence that sanctions are slowing energy investment in the
country.
Work is said to have stopped a few days after the U.S. and EU barred
companies from helping Russia exploit Arctic, deepwater or shale oil fields.
U.S. sanctions gave American companies until Sept. 26 to stop all restricted
drilling and testing services, which means XOM and Seadrill's (NYSE:SDRL)
North Atlantic Drilling (NYSE:NADL) unit would be under the gun to finish or
temporarily seal the $700M well they are developing with Rosneft (OTC:RNFTF
).
"This has been one of the most-watched wells in the industry, so this is a
huge deal," an analyst says.