Chavez to nationalise 11 oil rigs

By Andy Rice 24 June 2010

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


While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.

Election 2019

Maimane takes hardline on illegal immigration at DA’s 2019 campaign manifesto launch

By Ferial Haffajee

Canola oil is named such as to remove the "rape" from its origin as rapeseed oil.