Exxon Neftegas declares force majeure at Russian Sakhalin 1 project
ExxonMobil’s Russian subsidiary Exxon Neftegas has declared force majeure for its Sakhalin 1 project, a spokesperson told S&P Global Commodity Insights April 29. “Force majeure was declared due to recent events that hinder, delay or prevent Exxon Neftegas Ltd. from complying with its obligations under the agreements and from conducting operations at the required level of international standards for marine…