Defend Truth

Chavez to nationalise 11 oil rigs

By Andy Rice
24 Jun 2010
0

Venezuelan President Hugo Chavez says he will nationalise 11 oil rigs belonging to small US oil company Helmerich and Payne. The rigs had been idle for months, with the firm refusing to continue work until it was paid the $49 million owed to it by government oil company PDVSA. There's no chance of it recouping that money now.   Read more: Reuters

Gallery

Top Reads This Hour

Eastern Cape conservationist discovers eight new snake, gecko and frog species in the Okavango
Africa

Eastern Cape conservationist discovers eight new snake, gecko and frog species in the Okavango
Race to free trapped workers after George building collapse
Maverick News

Race to free trapped workers after George building collapse
Under-threat Cape wild horses returned to their wetland home
DM168

Under-threat Cape wild horses returned to their wetland home
Government opens criminal cases against 26 municipalities over sewage pollution crisis
Maverick News

Government opens criminal cases against 26 municipalities over sewage pollution crisis
Shell confirms intention to divest from South African downstream operations
Maverick News

Shell confirms intention to divest from South African downstream operations

TOP READS IN SECTION

Government opens criminal cases against 26 municipalities over sewage pollution crisis
Maverick News

Government opens criminal cases against 26 municipalities over sewage pollution crisis
The way for the ANC to weaken the EFF? Shut the door and keep Julius Malema out of power
Maverick News

The way for the ANC to weaken the EFF? Shut the door and keep Julius Malema out of power
US convict faces deportation to SA for running sex and drugs ‘crime sanctuary’ hotel
Maverick News

US convict faces deportation to SA for running sex and drugs ‘crime sanctuary’ hotel
Unregistered parties lobby for SA poll postponement as ConCourt hit with several urgent applications
Maverick News

Unregistered parties lobby for SA poll postponement as ConCourt hit with several urgent applications
Internal strife after UCT Student Representative Council spends R100k on Koko and Mpofu lecture
Maverick News

Internal strife after UCT Student Representative Council spends R100k on Koko and Mpofu lecture

Investigations

News & Analysis

Features

Newsletters

Community

DM168

Daily Maverick © All rights reserved

Please peer review 3 community comments before your comment can be posted

Daily Maverick needs your support

We're not asking you to pay for every article you read. We're asking you to support us so that we can keep doing what South Africa needs us to do. Without the support of our readers, we won't be able to keep going.

If you really can't afford the price of an extra cup of coffee a week, then know this: we will never force you to pay. We'e got your back and one day, you'll have ours.

SUPPORT DAILY MAVERICK
Become a Maverick Insider

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options
Premier Debate: Gauten Edition Banner

Gauteng! Brace yourselves for The Premier Debate!

How will elected officials deal with Gauteng’s myriad problems of crime, unemployment, water supply, infrastructure collapse and potentially working in a coalition?

Come find out at the inaugural Daily Maverick Debate where Stephen Grootes will hold no punches in putting the hard questions to Gauteng’s premier candidates, on 9 May 2024 at The Forum at The Campus, Bryanston.

Become a Maverick Insider

This could have been a paywall

On another site this would have been a paywall. Maverick Insider keeps our content free for all.

Become an Insider