Daily Archives: 24. June 2010

Venezuela Seizes Rigs –

Posted on 24. June 2010 by Jim Sutliff

Venezuela has seized 11 rigs owned by the American drilling company of Helmerich & Payne.  The drills have been shut for a year due to lack of payments from the Venezuelan state-run oil company PDVSA.  This is an aggressive move on … Continue reading →

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