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
