Associated Press (AP) reported on November 1, 2013 that Venezuelan officials seized two rigs operated by Houston-based Superior Energy Services (ticker: SPN).

The report says a state judge was joined by four members of the police and National Guard and ordered the removal of snubbing units to be relocated to sites operated by Petroleos de Venezuela S.A. (PDVSA), the country’s state-run oil company.

Jesus Centeno, local operations manager for Superior in the city of Anaco, told AP by phone: "It was like a thief breaking into your house, asking...

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