Venezuela to oil contractors: Cost cu...

Venezuela to oil contractors: Cost cuts needed 9:11PM ET

There are 1 comment on the BusinessWeek story from Mar 7, 2009, titled Venezuela to oil contractors: Cost cuts needed 9:11PM ET. In it, BusinessWeek reports that:

Venezuela's top oil official on Friday said the government is slashing by 50 percent the amount it spends on oil industry contractors because of low crude prices.

Join the discussion below, or Read more at BusinessWeek.


Burlington, NC

#1 Mar 7, 2009
They will loose good contractors and works will go to cheap & unproffessionals. Sorry for Venz. people!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Ensco International Discussions

Title Updated Last By Comments
News ConocoPhillips: Dividend Obsession Hurts The Co... (Jul '15) Jul '15 UnCoverUp 1
News Venezuela pledges to pay debts to oil contractors (Aug '09) Aug '09 B I G Mike 6ft4 255 6
News PDVSA Continues to Slime it's Contractors (Apr '09) Apr '09 Gianni 3
News Can Hugo Chavez Steal His Way To Safety? (Jan '09) Jan '09 I_need_a_beer 1
News Helmerich says PDVSA owes it $100 mln, idling r... (Jan '09) Jan '09 I_need_a_beer 1
More from around the web