Benedict Mander

Benedict Mander is the FT's Southern Cone correspondent, based in Buenos Aires. He previously covered Venezuela and the Caribbean for the FT, having joined the paper in Mexico in 2005.

No fewer than 60 oil service companies in Venezuela – including Williams, Wood Group and Boots & Coots – were in for a nasty shock when President Hugo Chavez began to expropriate their equipment and installations on Lake Maracaibo, the nation’s oil heartland, last Friday. Venezuela’s socialist leader indicated that takeovers will continue this week in the east of the country. Although larger companies like Schlumberger and Halliburton have so far not been affected, with the government leaving rigs alone, they are keeping their heads down.

What kind of signals will all this send to the 19 oil companies – both oil majors and foreign state corporations – currently preparing bids for what is touted as the biggest oil auction on earth?

Energy Source is no longer updated but it remains open as an archive.

Insight into the financial, economic and policy aspects of energy and the environment.

Read our farewell note

About the blog

Archive

« AugApril 2014
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930