Mexican President Andrés Manuel López Obrador’s government claimed inefficiencies in supply chains were behind a recent and temporary nationalization of private assets. Last Friday, the military seized part of a rail line owned by Grupo Mexico SAB unit Ferromex in the southern state of Veracruz. The railway is part of the Interoceanic Corridor project crossing…
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Venezuela Rig Seizure Dings Helmerich & Payne Results
Still stinging from the nationalization last month of 11 idled rigs in Venezuela, contract driller Helmerich & Payne Inc. looked on the bright side Thursday, announcing plans to build nine new rigs for U.S. deployment along with its third fiscal quarter results, which took a hefty hit from a Venezuela-related charge.
July 30, 2010