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Caribbean


No oil drilling for now off Cuba

No oil drilling for now off Cuba

by Timothy O’Hara, The Key West Citizen, August 16, 2014 Florida Keys residents concerned about oil exploration off Cuba can breathe easier as plans for drilling have been put on hold. Two experts on Cuban politics and oil exploration confirmed media reports that Cuba has shifted its focus away from offshore oil exploration, and instead…

After offshore oil failure, Cuba shifts energy focus

By Marc Frank, Reuters, August 11, 2014 HAVANA (Reuters) – Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say. With so much oil readily available around…

Latin America plays take on added importance

by David Paganie, Offshore Magazine, July 16, 2014 Oil and gas exploration and production operations in Latin America might take on added importance with turmoil clouding the upstream prospects in the Middle East, eastern Europe, and western Africa. With that in mind, Offshore takes a look at one of the most successful theaters and one…

Repsol reports oil discovery east of Trinidad and Tobago

by OGJ Editors, Oil & Gas Journal, July 7, 2014 Spain’s Repsol says it discovered oil with its TB14 well drilled on the TSP block offshore Trinidad and Tobago, upgrading the northern portion of Teak B field. The well is outside the existing Teak field extension, east of the island of Trinidad. It tested at…

US should be ready if Petro Caribe tightens credit terms, study says

By Nick Snow, OGJ Washington Editor, Oil & Gas Journal, July 16, 2014 The possibility that Venezuela’s financial support for energy imports in the region could erode quickly makes it imperative for the Obama administration to adopt a wide range of policies to avoid an energy crisis in the Caribbean and Central America, a recent…

Uncertain Energy: The Caribbean’s Gamble with Venezuela

by the Atlantic Council, July 16, 2014 The Obama administration must quickly adopt a range of transformative policies to avoid an energy crisis in the Caribbean and Central America, given the possibility that Venezuela’s financial support for energy imports to the region could erode quickly, according to the Atlantic Council’s Adrienne Arsht Latin America Center’s…

Cuba takes more pragmatic oil search route?

by David Casallas, Business News Americas, July 14, 2014 Cuba’s second oil development program seems to focus more on the known than unknown, Cuban energy expert Jorge Piñón told BNamericas. The analyst highlighted the enhanced oil recovery (EOR) terms of an agreement signed between the island’s oil company Cupet and Russia’s Rosneft during President Vladimir…

Spain’s Repsol makes oil discovery in Trinidad and Tobago

by Sonya Dowsett, Reuters, July 3, 2014 MADRID, July 3 (Reuters) – Repsol has discovered an oil reserve estimated at 40 million barrels of oil equivalent in the waters off the Caribbean islands of Trinidad and Tobago, to the west of the island of Trinidad, the company said in a statement on Thursday. The reserve…

More Oil Drilling Near Cuba Raises Environmental Alarms In Florida

By William E. Gibson, Sun Sentinel-Washington Bureau, June 15, 2014 WASHINGTON Russia has agreed to plunge into the search for oil in deep waters between the shores of Cuba and Florida, renewing fears of a major oil spill and the potential for environmental disaster. With President Vladimir Putin looking on, Russian companies Rosneft and Zarubezhneft…

Leni’s Onshore Trinidad Well Finds Oil

By RigZone Staff, May 2nd 2014 Leni Gas and Oil reported Thursday that the first new development well, GY-664, on its Goudron field, onshore Trinidad, has encountered oil at between 571 feet and the current well depth of 1,110 feet. Combined pay intervals, so far, measure approximately 193 feet in the upper Goudron Sands. Leni…

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