"The US government has given the reason to Venezuela, arguing that failing in favor of the company would hurt international relations and set a precedent for other countries to retaliate against US property," said a report from the Washington-based news agency EFE.

H & P had temporarily suspended its drilling activities against the debts held by PDVSA.  The action affected the drilling of 22 oil wells in the El Furrial, Punta de Mata and Jusepín areas, causing production delays.

In the report that was submitted to the Legislature, expropriation was justified because Helmerich & Payne of Venezuela "had been idle for a considerable time drilling equipment (...) the availability of these equipment worldwide is very low and its use is Necessary due to the high mechanical stresses required for drilling. "

Some excerpts from the article.

'... international relations ..."??? With Venzuela? Moving towards a dictatorship?

Venezuela justified expropriation because drilling went "idle". I guess venezuela expects foreigners to work for nothing.

Venezuela is making lawyers very rich. Surprised 8-0 decision. Makes no sense to me.

 America a fully Capatilist country should defend its investors abroad in countries that are members of international treaties and trade agreements.