Putin Orders Russia to Seize Exxon Mobil-Led Sakhalin 1 Project

Earlier this year, Exxon Mobil took a $4.6 billion impairment charge for exiting the Sakhalin 1 oil and gas project, its largest investment in Russia, although its head of upstream operations said on Oct. 4 it was still working with its partners on its exit. This post appeared first on Hart Energy.