Exxon declares force majeure on Russian Sakhalin-1 operations
Yahoo Finance Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia. The Sakhalin-1 project produces oil off the coast of Sakhalin Island in the Russian Far East. Exxon is discontinuing its operations