Chavez to nationalise 11 oil rigs
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
Reader notice: Our comments service provider, Civil Comments, has stopped operating and will terminate services on 20th Dec 2017. As a result, we will be searching for another platform for our readers. We aim to have this done with the launch of our new site in early 2018 and apologise for the inconvenience.