September 23, 2024
A D.C. federal judge has ruled that Venezuela's state-owned oil company must face an Oklahoma-based petroleum contract drilling company's lawsuit after its drilling rigs in the country were seized at gunpoint more than a decade ago, saying the drilling company had shown its assets were illegally expropriated.
May 30, 2024
An Oklahoma-based oil drilling company insisted Thursday that the D.C. federal court has jurisdiction to decide claims that the company's Venezuelan subsidiary was illegally expropriated without compensation as Venezuela's state-owned oil company looks to slip the long-running suit.
January 31, 2023
A D.C. federal judge on Tuesday dismissed Venezuela from a long-running suit filed by an Oklahoma-based petroleum contract drilling company after its drilling rigs in the country were seized at gunpoint more than a decade ago, ruling that the country has sovereign immunity.
July 11, 2022
Helmerich & Payne International Drilling Co. is urging a D.C. federal court not to let Venezuela escape its decade-old expropriation lawsuit, a move that the oil and gas firm based in Tulsa, Oklahoma, says would leave Americans more vulnerable in their commercial dealings with foreign nations.