This story was updated on March 19 at 10:54 a.m. CDT. Baker Hughes on March 19 joined the chorus of western oilfield services companies announcing intentions to suspend new investment in Russia. The oilfield services company joined Halliburton and Schlumberger, which both announced their intentions a day earlier. "The crisis in Ukraine is of grave concern and we strongly support a diplomatic solution. We condemn violence and our hearts go out to the people and families of those impacted," said Lorenzo Simonelli, chairman and CEO of Baker Hughes, in a statement. Schlumberger CEO Olivier Le Peuch released a similar statement late on March 18 saying it will suspend technology deployment to existing operations in Russian and immediately suspend new investment in the country. "We continue to actively monitor this dynamic situation and will fulfill any existing activity in full compliance with applicable international laws and sanctions," Le Peuch said in the statement.