Earlier post on this is here:
ExxonMobil to halt operations at Sakhalin-1 and make no new investments in Russia
Via the Wall Street Journal (gated) in brief:
- Exxon is preparing to shut down production from the massive Sakhalin Island development in Russia’s Far East.
- is taking steps to exit from the consortium
- is also developing plans for expatriate staff in Russia to leave the country, if the employees wish to do so
Oil prices are staying very firm indeed:
