Venezuela's oil was discovered in the early 20th century. Norway's oil was discovered in the mid-late 20th century, at a time when the oil countries started fighting for control over their natural resources. The power structures created over oil in those two countries are nothing alike.

Furthermore, Venezuela oil was seen as a necessity for some companies, while Norway oil was discovered at a time when there were decades of oil reserves on tap.

Ironically, considering all the anti socialist rants in the discussion so far, Norway's oil industry is state owned and the government has taken the profits and invested in creating one of the largest sovereign wealth funds and in a lot of national infrastructure.

Norway discovered its oil fairly late and has taken a good look at how other countries did it. For example, the Netherlands, another mostly non-corrupt country, squandered their gas revenues.

So, the order matters. Chavez simply just took it and redistributed whereas Norways started as state owned?

Chavez took it because the oil execs were messing with the economy as a form of protest against taxes. A move that was highly controversial.

The situation with PDVSA was more complicated than that [1].

As for Norway, to avoid the Dutch disease they made several crucial decisions [2] early on, one of them being to encourage the development of a healthy, competitive private oil/gas sector while still retaining the majority of revenue and oil fields. They also funneled the profits into the now-famous sovereign wealth fund.

[1] https://foreignpolicy.com/2018/07/16/how-venezuela-struck-it...

[2] https://www.ft.com/content/99680a04-92a0-11de-b63b-00144feab...