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29 May 2017 02:04 (South Africa)

Chavez to nationalise 11 oil rigs

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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