(Reuters) – Venezuela will pay Helmerich and Payne for a fleet of oil rigs it seized from the U.S. company, the oil minister said on Saturday, warning that five drills at a Chevron venture were also at risk of nationalization. Oil Minister Rafael Ramirez announced this week that OPEC member Venezuela was nationalizing 11 rigs [...]

(Reuters) – The remnants of Tropical Storm Agatha dumped more rain on Guatemala and El Salvador on Sunday after killing at least 16 people in the region. Rescue workers scrambled to restore communications to towns and villages cut off by landslides when Agatha, the first named storm of the 2010 Pacific hurricane season, slammed into [...]

(Reuters) – The U.S. government is forced to rely on BP and the private oil sector to try to plug the gushing Gulf of Mexico well because only they have the technical know-how to stop the spill at those depths, the Coast Guard chief said on Sunday. Admiral Thad Allen, who heads the oil spill [...]

(Reuters) – A vast, wind-driven oil slick bore down on the U.S. Gulf Coast Sunday, threatening an economic and ecological disaster as President Barack Obama sharpened his criticism of BP Plc and pressed the energy giant to halt the oil gushing from its ruptured well. “Let me be clear: BP is responsible for this leak. [...]

ASUNCION (Reuters) – The Government of Paraguayan President Fernando Lugo moved on Monday to about a thousand troops and police in northern Iraq, after the Congress to declare state of emergency to combat an armed group that sowed terror in the area. President Fernando Lugo said the military will have the power to use weapons [...]