SOCHI, Russia - Russia's natural resources minister said on Sept. 19 that it was highly likely that U.S. oil major Exxon Mobil Corp and its Russian counterpart Rosneft had halted operations in the Kara Sea due to Western sanctions over Ukraine.
Reuters: Russian minister says likely Exxon, Rosneft halt operations in Arctic
Boats are tied up at a coastal settlement outside the town of Honningsvaag, northern Norway, on June 7, 2013. The arctic town is set to host an important terminal, where the Norwegian energy company Statoil will be landing the oil produced on the giant Johan Castberg offshore field in the Barents Sea.
