Nationalised Jun 23, 2009
Page last updated at 07:16 GMT, Tuesday, 23 June 2009 08:16 UK. Oil workers urge Chavez to pay. (BBC News -- Business)
Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up? May 29, 2009
Oil installations in Lake Maracaibo, Venezuela. Chico Sanchez / EPA / Corbis. (Time.com)
Venezuela Expropriating 35 Oil Service Firms May 21, 2009
The Energy Ministry detailed the takeovers - mostly in the northwestern Lake Maracaibo area - in the government's official gazette. The companies include staff and material transport firms, as well as dock maintenance companies. (SmartMoney)
* Venezuelas oil firm nationalizing 39 industry contractors May 13, 2009
They provide transport boats and other services on Lake Maracaibo ... Chavez said on Friday that his government was nationalizing some 60 companies as he oversaw the takeovers of boats, docks and other facilities on Lake Maracaibo. (Taipei Times, Taiwan -- Sports)
Chavez seizes oil service firms May 9, 2009
"This is a revolutionary offensive," he told workers near Lake Maracaibo, Venezuela's main oil-producing area. Military vehicles were used as the state oil company seized supply boats and two US-owned gas facilities. (BBC News -- Business)
* World News Quick Take May 9, 2009
Chavez said the takeovers would start yesterday in the Lake Maracaibo oil heartland. Tomorrow [Friday] we will start to recuperate assets and goods that will now belong to the state, as social property, as they should always have been, Chavez said, adding that thousands of workers would be taken on by state oil company PDVSA.. (Taipei Times, Taiwan -- World)
Venezuela nationalises 60 oil contractors May 9, 2009
He said companies to be nationalized under a new law will include SIMCO consortium, which has worked injecting water into oil fields in western Lake Maracaibo for the past 10 years ... "SIMCO consortium disappears today," Chavez said in a televised speech from a harbor in Lake Maracaibo, where he oversaw the seizure of 300 boats, docks and other assets belonging to oil contractors ... The law approved by Venezuela's largely pro-Chavez National Assembly on Thursday covers companies that provide... (The Star Online, Malaysia)
Chavez Moves to Take Over Assets of Oil Services Companies in Venezuela May 8, 2009
May 8 (Bloomberg) -- Venezuelan President signed a law to allow the government to seize assets from oilfield services companies and said hell start taking over boats and docks on Lake Maracaibo today ... Oil and Energy Minister said the state oil company today will seize 300 boats, 61 diving boats and 39 terminals and docks and other assets used by the oil industry on Lake Maracaibo in Venezuelas western Zulia state. (Bloomberg -- Latin America)
Chavez extends state oil industry May 8, 2009
Most of the nationalisations are expected to take place in region of Lake Maracaibo, in the oil-rich state of Zulia - the centre of Venezuela's oil production. This is not the first time Mr Chavez has taken over private oil assets, he pushed through a series of nationalisations of foreign energy companies in 2007. (BBC News -- Business)
Venezuela Pres. Chavez to seize some oil contractors under new law May 8, 2009
He said PDVSA will seize 300 boats as well as dozens of docks and other transportation installations in western Lake Maracaibo on Friday, and absorb the 8,000 workers affected ... The companies covered by the legislation provide such services as natural gas processing, the injection of natural gas or water into oil fields to improve recovery, and management of docks and boats on Lake Maracaibo ... PDVSA has already taken over the operations of some companies that have claimed a default,... (USA Today -- Money)
Law may ley Venezuela take over oil contractors May 6, 2009
The companies covered by the legislation provide such services as natural gas compression, the injection of natural gas or water into oil fields to improve recovery, and management of docks and boats on western Lake Maracaibo. Venezuela relies on oil for 93 percent of its export revenue and has seen world oil prices slide 63 percent since their July peak. (Atlanta Journal-Constitution)
Why Obama Should Talk to Chávez Feb 21, 2009
Since then, of course, U.S.-Venezuela relations have plummeted farther than a Lake Maracaibo oil drill. Both sides share the blame. (Time.com)
Crude hits record high near $104 Mar 4, 2008
Oil workers are seen at an oil field in Cabimas in Venezuela's western state of Zulia, near Lake Maracaibo, March 1, 2008. (Xinhua/Reuters Photo). (Xinhuanet, China)
Chávez sends forces to Colombian border Mar 3, 2008
Venezuela even relies now on a natural gas pipeline from Colombia for its extraction of oil around Lake Maracaibo, illustrating the growing interdependence of the region's economies. . (International Herald Tribune)
* Venezuela, Belarus strike military, oil supply agreements Dec 10, 2007
He said the joint venture will operate at an oil field at Lake Maracaibo, one in the Orinoco River basin and three others. "In a few years we can produce nearly 50,000 barrels of oil a day between us, and that oil will go to Belarus," he said. (Taipei Times, Taiwan -- World)
Ideological opposites, Colombia and Venezuela, begin to attract Oct 19, 2007
Venezuela, for instance, has South America's largest natural gas reserves but still needs more from eastern Colombia to maintain oil production in the region around Lake Maracaibo. But Venezuelan officials have said they would like to reverse the pipeline's flow once their own larger reserves are tapped. (International Herald Tribune)
Record breaker Sep 25, 2007
In keeping with the practice of a new location each week, Mr Ch;vez hosted it from a petrochemical plant in El Tablazo, on the shore of Lake Maracaibo. He started it wearing a helmet and goggles to inspect machinery. (Guardian Unlimited)
Chevron keeps the door open with Venezuela Jun 29, 2007
" Chevron has a 39 percent stake in Petroboscan, an onshore oil field near Lake Maracaibo. And the company's natural gas discoveries off Venezuela's northeast shore are under consideration to supply natural gas to Venezuela, Sollid said. Total has interests in onshore and offshore Venezuelan natural gas fields. John Parry, an analyst with John S. Herold, noted BP's natural gas interests in neighboring Trinidad likely played a part in its decision to stay in Venezuela as well. This article... (San Francisco Chronicle -- Business)
Exxon Mobil, ConocoPhillips refuse to sign revised deals to keep pumping oil in Venezuela Jun 27, 2007
1 percent stake in the Petrozuata project, as well as the La Ceiba block currently under development near western Lake Maracaibo that is 50 percent owned by Exxon Mobil. On the basis of the negotiations conducted, the former strategic association Petrozuata and the La Ceiba. (San Diego Union-Tribune -- Business)
Venezuela Expands State Control Of Oil Jun 27, 2007
1 percent stake in the Petrozuata project, as well as the La Ceiba block currently under development near western Lake Maracaibo that is 50-percent owned by Exxon Mobil. "On the basis of the negotiations conducted, the former strategic association Petrozuata and the La Ceiba ... block pass to the total control of PDVSA," the state oil company's statement said. (CBS News)
US firms reject Venezuelan deal Jun 27, 2007
Developing the new fields is vital to Venezuela's plans to double oil output by 2012, as its existing fields in Lake Maracaibo are declining. ORINOCO OIL BELT. (Yahoo News -- Venezuela)
Fish oil plus exercise may banish body fat May 24, 2007
Fishermen weigh fish in the western coast of Lake Maracaibo town of Barranquita, about 150km. Elsewhere on the Web. (Yahoo News)
Kozloff: Hugos Holy War Mar 11, 2007
" Meanwhile, a government commission recommended that the Attorney Generals office open an investigation into Cardinal Velasco and Baltazar Porras for presumed participation in the April coup. Velasco claimed to have received death threats. When the Cardinal died about a year after the coup, removing one of the key opposition figures in the Church, riot police had to disperse crowds with rubber bullets at the funeral. As the funeral procession proceeded, Chavez supporters shouted... (Zmag.org)
Rep. Mack: Kennedy's 'Shameless Support' of Chavez Feb 14, 2007
"I'm Joe Kennedy. Help is on the way," the former congressman says in a voiceover while the ad shows him on an oil rig in Lake Maracaibo, Venezuela. "Heating oil at 40 percent off from our friends at Venezuela and CITGO. Call me at Citizens Energy ...". (Newsmax)
Tankers may ship water to parched cities of future Feb 3, 2007
In this file photo, oil tankers are seen at daybreak at the Bajo Grande Terminal located on the western shore of Lake Maracaibo, south of the city of Maracaibo, Venezuela August 23, 2005. REUTERS/Raquel Chavez. (Scientific American)
