(CSMonitor, 12.May.2012) — Argentina’s renationalization of its biggest oil company, YPF, recently caused an outcry. But the cases of oil nationalization in Brazil, Mexico, and Venezuela show that outcomes can vary widely. “Nationalization is an old story in Latin America,” says Larry Birns, director of the Council on Hemispheric Affairs. […]
Category: Venezuela
Venezuela energy
Venezuela Seizes Helmerich & Payne Rigs
(TulsaWorld, Rod Walton, 2.Jul.2010) – The action comes amid a payment dispute in which the company left the equipment idle. Helmerich & Payne’s 52-year business relationship with Venezuela came to at least a temporary end Thursday as President Hugo Chavez’s government seized 11 rigs owned by the Tulsa contract drilling […]
Paraguaná Wind Farm In Venezuela Operational In 2011
(EVWind, 14.Apr.2010) — Paraguana peninsula in Falcon state, located in the northwestern region, about 453 kilometers from the city of Caracas, is the first place in the country where they will launch a wind farm in 2011, a fact which confirms a clean energy supply and quality for Venezuelans. Petroleos […]
Petro-Canada Joins Venezuelan Oil Exodus
(Reuters, 26.Jun.2007) — Petro-Canada has pulled out of Venezuela by rejecting new nationalistic terms for oil projects and passing its stake in one discovery to President Hugo Chavez’s government, it said on Tuesday. “We have decided not to migrate to the new commercial structure, so our working interest passes to […]