Venezuela To Nationalize US Firm’s Oil Rigs

* Rigs were idled for months in PDVSA payments dispute * Minister said idled rigs opposition ploy against Chavez* Socialist government has nationalized many industries* Giants Halliburton and Schlumberger also in VenezuelaCARACAS, June 23 (Reuters) - Venezuela will nationalize a fleet of oil rigs belonging to U.S. company Helmerich and Payne, the latest takeover in [...] continue reading the breaking news