Venezuela soldiers seize oil service companies
Venezuelan soldiers on Thursday took control of boatyards and other assets belonging to oil service companies in the latest step by socialist President Hugo Chavez to tighten his grip on the industry…The law makes it easier for the government to later seize assets owned by service giants such as Halliburton and Schlumberger as state oil company PDVSA builds up billions of dollars in debts with contractors amid low oil prices…”First, there are questions about how well PDVSA can run those services companies, but there are also questions of how this will affect future investment in oil projects”