Chavez Takes Over Venezuela Last Private Oil Fields
President Hugo Chavez's government seized Venezuela's final privately run oil fields amid a clash with major international firms over the Orinoco deposit. Oil workers cheered as state control was declared, while BP, ConocoPhillips, Exxon, Chevron, Total, and Statoil faced terms on their continued involvement. Analysts say the companies hold leverage through their technical know-how and capital, with most likely staying on as partners.
MENTIONED IN THIS ARTICLE
Chavez
Venezuela
Barcelona
Hugo Chavez
U.S. Empire
Rafael Ramirez
National Oil Company
Orinoco River
BP PLC
ConocoPhillips
Exxon Mobil Corp
Chevron Corp
France
Total SA
Norway
Statoil Asa
Petroleos de Venezuela SA
Orinoco
Universal Studios to build 2.2 billion Middle East park in Bubai
Tatweer, a government owned developer, partners with Universal Studios Resorts to create a 6.5 million square foot Dubailand centerpiece modeled on Florida California and Japan. The theme park, designed with Steven Spielberg input, targets 2010 completion for indoor attractions amid Dubai heat. Meanwhile BP chief John Browne resigns after a judge allows release of alleged misuse of resources and lies about a personal relationship. Tony Hayward to assume CEO role immediately.
MENTIONED IN THIS ARTICLE
America
Universal Studios
Middle East
Bubai
Tatweer
Film Studio
Resorts
Universal
Florida
California
Japan
Steven Spielberg
Dubailand
Universal City
Dubai
Asia
Europe
The
Mail On
Browne
Tony Hayward
Militants Attack Chevron Oil Vessel In Nigeria
Gunmen using dynamite assaulted a Chevron tanker off Bayelsa state killing a Nigerian sailor and kidnapping an American oil worker along with four Italians and one Croatian. The attack, claimed by MEND, led Chevron to shut a station and halt 15000 barrels of daily output.
MENTIONED IN THIS ARTICLE
Chevron Corp
Nigeria
Movement For the Emancipation of
Niger Delta
Navy
Obiora Medani
Fpso Oloibiri
Bayelsa
Chevron
St Lucia cuts China ties for Taiwan in diplomatic shift
St Lucia severed 10-year relations with China and established formal ties with Taiwan. Beijing called the move a brutal interference while Taipei sent diplomats to celebrate the switch. The island, about 168,000 people, cited poverty and better terms as reasons, with fears China would retaliate economically. Taiwan touted agricultural aid and techniques during its tenure.
MENTIONED IN THIS ARTICLE
Castries
St. Lucia
Caribbean
China
Taiwan
James Huang
St. Lucian
Rufus Bousquet
Bousquet
Britain
St. Lucia Island
Liu Jianchao
Xinhua
U.S
George Odlum
NATO offensive in Sangin Valley yields major Afghan toll
Villagers return to damaged farms after a NATO operation in Helmand's Sangin Valley left about 75 suspected Taliban dead. Maj. Dominic Biddick said the assault produced a military victory but civic trust remains in doubt as Afghan residents discuss burials. NATO says one soldier wounded. civilians and insurgents counts vary. The broader campaign aims to restore government reach and rebuild services.
MENTIONED IN THIS ARTICLE
Sangin Valley
Afghanistan
Panagas
Sangin
Helmand
Dominic Biddick
Associated Press
NATO
Biddick
Filip Velach
Jalalabad
U.S
Taliban
Hamid Karzai
Castro misses May Day parade amid recovery doubts
In Havana hundreds of thousands marched in Revolution Plaza for May Day as Fidel Castro again did not appear, fueling questions about his ability to return to power after emergency surgery nine months earlier. Raul Castro led officials and a large crowd, while analysts debated whether Fidel could resume full or partial leadership.
MENTIONED IN THIS ARTICLE
Havana
Fidel Castro
Revolution Plaza
Castro
Raul Castro
Raul
Wayne Smith
Smith
Hugo Chavez
Phil Peters
Cuba
Lexington Institute
Jose Marti
U.S
Rau
Fidel
Victor Reyes
Cuba Solidarity
New York
Radio Relaj
Joppe van Meervelde
Belgium
Also Mentioned on This Page
Natalie Obiko Pearson
Michael Lynch
Winchester
Mass
Strategic Energy and Economic Research
Exxon Mobil
Around the
United Arab Emirates
London
John Browne
Texas
Alaska
Venez
United
H Reni Ea Cain
C.F. Huang
Maj
Anita Snow
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