Cuba Faces Oil Crisis As Venezuela Crumbles
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
Cuba’s Reliance Upon Venezuela for Cheap Oil Looms as Potential Threat
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 agrees with Cuba on plan to expand island’s offshore production
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
Cuban oil estimate revised higher
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
Cuban oil drilling window opening
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
Data confirms Cuban oil prospects
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
Cuban Oil Refinery Flooded, Oil Spills Into Bay
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
Cuba gives one of the permits needed for oil drilling
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
Funding emerges for company with a Cuban energy footprint
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
Rig work considered for Cuban oil prospect
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