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Latest Venezuelan government Stories

2010-06-24 10:52:00

TULSA, Okla., June 24 /PRNewswire-FirstCall/ -- Helmerich & Payne, Inc. (NYSE: HP) commented on recent media reports that refer to Venezuelan government authorities affirming that they will seek to nationalize the Company's 11 rigs in Venezuela. The Company has been in recent discussions with PDVSA (the Venezuelan national oil company) in efforts to achieve a mutually beneficial agreement that would address both PDVSA's desire for the Company's rigs to return to work and make progress...

2010-01-18 16:01:00

AKRON, Ohio, Jan. 18 /PRNewswire-FirstCall/ -- On January 8, 2010, the Venezuelan government announced the devaluation of its currency (the bolivar fuerte) and the establishment of a two-tier exchange structure. (Logo: http://www.newscom.com/cgi-bin/prnh/20050204/GTLOGO ) The official exchange rate has been devalued from 2.15 bolivar fuerte to each U.S. dollar to 4.30, except in the case of essential goods, for which the rate is 2.60. Some of the tires and raw materials The Goodyear Tire...

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2009-06-11 12:40:37

On Wednesday, the Venezuelan government ordered Coca-Cola Co. to remove its Coke Zero beverage from the South American nation, claiming it poses an unspecified threat to health. The decision was made after an influx of nationalizations and a close critical examination of businesses in South America's leading oil exporter. Health Minister Jesus Mantilla insists that the zero-calorie Coke Zero no longer be sold and that stocks of the drink should be removed from stores while the government...

2008-09-05 18:00:20

Rusoro Mining (TSX VENTURE: RML) is pleased to announce that it has formally completed landmark agreements with MIBAM to custom mill ore from various MINERVEN operations in the El Callao District and to officially begin processing the ore being developed at the Isidora Mine. - A series of contracts will allow Rusoro to process ore at Choco 10 for MINERVEN. The ore will include sands, tailings and other sources being evaluated from their various operations. The contracts have established...

2008-07-10 09:00:00

Rusoro Mining Ltd. ("Rusoro") (TSX VENTURE: RML) is pleased to announce that it has been selected as the partner of choice by the Venezuelan Government for gold mining opportunities in Venezuela. Rusoro is also pleased to confirm the Venezuelan Government's approval for the previously announced acquisition of Hecla Mining Company's Venezuelan assets. Rusoro has now completed the acquisition of the Hecla-Venezuela assets, being the Block B - Isidora mining leases and the La Camorra mill...

2006-01-27 17:07:45

By Patrick Markey CARACAS, Venezuela (Reuters) - Venezuela said on Friday authorities had concrete evidence that U.S. Embassy staff were involved with a group of Venezuelan military officers accused of passing state secrets to the Pentagon. The charges of U.S. espionage are the latest test to relations between the United States and Venezuelan President Hugo Chavez, a fierce critic of Washington who says he is bringing socialist revolution to the world's No. 5 oil exporter. "The...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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