Sales of U.S. Oilfield Gear to Russia Said to Face Restrictions

Sales of oilfield gear ranging from 60-foot-tall drilling rigs to electric pumps could be covered by the next round of sanctions against Russia being prepared by the U.S., according to three people briefed on the plans.

American companies seeking to sell oilfield technology to Russia that’s manufactured or patented in the U.S. would be required to seek export licenses, according to the people, who asked for anonymity, citing the sensitivity of the deliberations. If sanctions were imposed, licenses for future sales could be denied, the people said.