Oilfield services company Calfrac Well Services suspending any investments in Russia
Advertisement
Read this article for free:
or
Already have an account? Log in here »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $15.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
To continue reading, please subscribe:
Add Brandon Sun access to your Free Press subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $20.00 plus GST for four weeks. After four weeks, your payment will increase to $24.00 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 29/03/2022 (1322 days ago), so information in it may no longer be current.
CALGARY – Calfrac Well Services Ltd. says it is suspending any investments in Russia.
The company says despite the fact that the provision of parts and equipment are not restricted by sanctions, it cancelled shipments that were bound for Russia when the country invaded Ukraine.
It has also cancelled any future shipments of parts and equipment into Russia.
Calfrac says its Western-based employees involved with its Russian operations are currently not in Russia.
The company joins a long list of Canadian companies that have suspended operations in Russia in response to the country’s war against Ukraine.
Calfrac provides specialized oilfield services to exploration and production companies in Canada, the United States, Argentina and Russia.
This report by The Canadian Press was first published March 29, 2022.
Companies in this story: (TSX:CFW)
Related Articles
Relief for Kyiv? Russia vows to scale back near the capital
Advertisement Advertise With Us