Exxon Mobil Moves Ahead With Russian Oil Drilling Project
Exxon Mobil, which is assisting a Russian state energy company in exploring the Arctic Ocean for oil and natural gas, took a pivotal step to further this project over the weekend.
A drilling rig to be operated by Exxon set sail from Norway on Saturday, two days after the downing of a passenger airliner in Ukraine led to mounting pressure in the United States and Europe for new sanctions against Russia. Those sanctions could target the country’s important energy industry.
Source: New York Times.