Chavez Seizes 11 Oil Rigs in Pay Dispute

Friday, July 2nd, 2010

Venezuelan President Hugo Chavez decreed the seizure of 11 Helmerich & Payne Inc. oil rigs after the company idled its equipment because of a payment dispute, according to a resolution published in the Official Gazette. Find more info about Chavez Seizes 11 Oil Rigs in Pay Dispute photos videos pictures. read ...

Broker Crackdown, Chavez Style

Friday, July 2nd, 2010

Venezuelan President Hugo Chavez has seized about 35% of the nation's brokerages, saying they drove down the bolivar's value Find more info about Broker Crackdown, Chavez Style photos videos pictures. read more

Venezuela Secures $20 Billion Loan From China, Chavez Says

Sunday, April 18th, 2010

Venezuela secured a $20 billion loan from China and agreed to form a joint venture to pump crude oil from a block in the Orinoco Belt, President Hugo Chavez said as he promised to meet the Asian country’s energy needs. Find more info about Venezuela Secures $20 Billion Loan From China, ...

Chavez No Challenge to Mendoza’s Fortune

Thursday, March 11th, 2010

Venezuelan President Hugo Chavez’s “21st Century Socialism” is failing to rein in billionaire Lorenzo Mendoza.