Cuba´s communist-run government replaced its energy and mines minister with Vicente de la O Levy, head of the state-run electronics company, official media reported on Monday, as the country struggles Continue Reading
Watch: Lightning strikes surround the eye of Hurricane Ian Cuba is completely without power after Hurricane Ian pummelled the western end of the island, its government has announced. The electrical Continue Reading
Cubans have been left to endure six- to 18-hour blackouts, and search for ever-scarcer gasoline in the wake of a spectacular blaze that destroyed 40% of Cuba’s main fuel depot Continue Reading
Venezuela’s state oil firm PDVSA diverted two crude cargoes set to discharge at Cuba’s Matanzas terminal, Refinitiv Eikon data and company documents showed on Tuesday, as a fire that devastated Continue Reading
Firefighters on Tuesday finally overcame what officials described as the worst fire in Cuba’s history that over five days destroyed 40% of the Caribbean island’s main fuel storage facility and Continue Reading
A third crude tank caught fire and collapsed at Cuba’s main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank Continue Reading
Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia’s invasion of Ukraine make purchases Continue Reading
Cuba has seen in recent days the biggest protests in decades as thousands of people took to the streets in the Communist-run country to demand freedom. But they also protest Continue Reading
The latest US sanctions reversed the progress made by the Obama administration, and the brunt of their force is being felt by the very people the measures claim to support. Continue Reading
At least three Venezuelan fuel tankers are heading towards Cuba today, part of a flotilla meant to free up domestic storage space while defying a US campaign to cut off Continue Reading
Russia plans to have its companies help Cuba to develop its oil and natural gas resources as part of a close energy cooperation, a senior Russian official said on Thursday, Continue Reading
Cubans wait hours for buses to arrive. In Havana, drivers wait in long lines at gasoline stations. Both are signs of the effect of the United States’ sanctions on Cuba and its main Continue Reading
Long lines of drivers at gas stations in Cuba and hours of wait for public transport are signs of the impact of sanctions imposed by the United States this year Continue Reading
After days of radio silence, Cuban officials say that the massive blackouts throughout the country would end by Saturday, as another power crisis engulfed the ally of Venezuela’s Nicolas Maduro Continue Reading
The US Treasury Department said Wednesday it has sanctioned Cubametales, Cuba’s state-run oil import and export company, for continuing to import crude and other products from Venezuela in exchange for Continue Reading
Residents queue to buy yoghurt in Havana. Essential ingredients have begun to dry up throughout Cuba Cubans are experiencing chronic food shortages after imports of fuel from Venezuela dried up, Continue Reading
Exxon Mobil Corp on Friday sued Cuba’s state-owned Cuba-Petroleo and CIMEX Corp in U.S. federal court seeking $280 million over a refinery, gasoline stations and other assets seized after Fidel Continue Reading
Chinese state-run news agency Xinhua said on Tuesda y that an affiliate of Chinese oil major CNPC, Great Wall Drilling, was drilling for oil off Cuba’s coast as part of Continue Reading
New US sanctions on ships and freight companies that transport Venezuelan oil to Cuba will exacerbate the island’s chronic fuel shortages and power outages, two Caribbean diplomats in Havana tell Continue Reading
The opposition-led National Assembly of Venezuela this week voted to suspend crude oil shipments to Cuba after its president, Juan Guaido, slammed these exports as “funding dark purposes” in a Continue Reading
When Venezuela’s opposition leader Juan Guaido earlier this week said he had decreed the suspension of all crude oil shipments to Cuba, he explained the move with the massive power Continue Reading
The potential collapse of President Nicolás Maduro’s regime poses a threat to Cuba, which relies on Caracas for about 28% of the island’s oil needs. Venezuela’s opposition says the government’s Continue Reading
Australia’s Melbana oil exploration company, which has rights in a Cuban area known as block 9, will now also work to enhance production from the separate Santa Cruz offshore field, Continue Reading
One of the few foreign companies working in Cuba, Melbana Energy said analysis reveals more oil there than expected. File Photo by Michael Bush/UPI | Aug. 7 (UPI) — Melbana Continue Reading
Australian energy company Melbana sees drilling window opening at a field near the northern coast of Cuba. Map courtesy of Melbana Energy Ltd. July 2 (UPI) — A window for Continue Reading
New data taken from an oil reservoir on the northern coast of Cuba confirm the assessment of a highly prospective site, Australia’s Melbana Energy announced. Melbana, which changed its name Continue Reading
Cuba’s Cienfuegos oil refinery has sustained damage due to flooding after heavy rainfalls from subtropical depression Alberto, sending an unspecified amount of crude oil into the Cienfuegos Bay. Barriers were Continue Reading
The Cuban government has signed off on an environment license that could pave the way to drilling for oil onshore, an Australian energy company said. Melbana Energy Ltd., which changed Continue Reading
Melbana Energy, an Australian company with operations in Cuba and New Zealand, said it secured a $2.5 million loan to help finance its operations. The company said it secured the Continue Reading
The preliminary steps toward drilling into an oil basin in Cuba are underway in a project that could draw international interest, an Australian company said. Melbana Energy, an Australian exploration, Continue Reading
MOSCOW (Reuters) – Cuban President Raul Castro and the head of Russia’s largest oil company Rosneft, Igor Sechin, discussed supplies of crude oil and oil products to Cuba, Rosneft said Continue Reading
Cuban oil development plans moved one step closer to operation with the naming of an on-site planning coordinator, an Australian energy company said. Melbana Energy Ltd. is one of the Continue Reading
While looking for partners to join in, Australian energy company Melbana said it was positioned for an early start to an oil drilling program in Cuba next year. Melbana is Continue Reading
Geological surveys of an inland oil basin in Cuba are completed and work will now continue toward exploration drilling, an Australian energy company said. Melbana is one of the few Continue Reading
An effort to raise up to $4.8 million to help fund drilling operations at a reservoir in Cuba fell well short of its goal, Melbana Energy Ltd. said. Melbana is Continue Reading
Melbana Energy, one of the few companies working in Cuba, said it started the preliminary work necessary to clear a site for eventual production. Melbana, which has headquarters in Australia, Continue Reading
Cuban trade with socialist ally Venezuela has fallen 70 percent since 2014 due to the South American oil producer’s inability to meet delivery contracts and purchase goods as it struggles Continue Reading
Australian energy company Melbana outlines plans for oil exploration efforts in Cuba by next year. File photo by Ernesto Mastracusa/EPA. July 19 (UPI) — Amendments to a work plan for Continue Reading
Venezuela’s crude and fuel deliveries to Cuba have slid almost 13 percent in the first half this year, according to documents from state-run oil company PDVSA viewed by Reuters, threatening Continue Reading
As Venezuela’s oil industry goes down it flames, it’s looking like it may just take Cuba down with it. Venezuela, once the crude powerhouse of South and Central America, is Continue Reading
Russia has begun shipping large quantities of oil to Cuba for the first time this century, sources said, as supplies to the island from crisis-wracked Venezuela have dwindled. A Russian Continue Reading
The price of oil is half of what Venezuela needs to feed its citizens, who for the most part do not manage to eat them three times a day, but Continue Reading
Cuba-focused Melbana Energy said it more the doubled its reserve estimates for onshore oil, though recovery rates there are low so far. Melbana is one of the few Western oil Continue Reading
Containers are seen at the Mariel port in Artemisa province, Cuba January 5, 2016. Cuba’s economy shrank 0.9 percent this year in tandem with the crisis in its key trading Continue Reading
Fidel Castro and Hugo Chávez proclaimed a decade ago that they presided over a single country, combining Cuba’s educated workforce with Venezuela’s oil wealth to challenge U.S. power across Latin Continue Reading
A Cuban-focused oil company said it was taking a closer look at the business climate there with the goal of accelerating its drilling program next year. Melbana, a company known Continue Reading
Australian energy company Melbana said its early work in Cuba has paid off with a contract extension. Photo by U.S. Department of State/UPI MELBOURNE, Nov. 23 (UPI) — An Australian Continue Reading
One of the few foreign energy companies working in Cuba said the momentum is moving in its favor as the U.S. government eases restrictions on its Cold War foe. The Continue Reading
Backers sought to help build $3.5 billion in renewables Island wants 24 percent of power from renewables by 2030 Nearly two years after presidents Barack Obama and Raul Castro announced Continue Reading
A study assessing the resource potential for parts of Cuba is progressing as planned and quickly becoming a key portfolio component, MEO Australia said. The Australian company said it was Continue Reading
