How investment in renewable power generation will strengthen Caribbean and Latin American economies
Over the last year, labour markets in Latin America and the Caribbean have faced an unprecedented unemployment problem.
Caribbean
Aberdeen mooring specialist anchors contract worth in excess of £1m
An Aberdeen headquartered marine services and mooring specialist has secured a deal worth in excess of £1 million.
Exmar secures funding for delayed Caribbean project
Belgian shipping firm Exmar has secured a $200 million financing deal for its delayed ‘Caribbean’ FLNG project.
Bahamas Petroleum attracting interest from oil majors
Bahamas Petroleum Companyaims to begin drilling activity in the Caribbean this year whilst searching for a technical partner to share in the "world class" multi-billion barrel potential of the region.
LGO makes good progress in Caribbean
Production costs of less that $10 per barrel are allowing LGO Energy to progress with confidence with its Goudron development in Trinidad.
Lenigas strengthens links with Cuba
Oil boss David Lenigas has strengthened links this week with the burgeoning Cuban oil and gas sector.
Oil rigs left idling turn Caribbean into expensive parking lot
Imagine parking your $300 million boat for months out in the open sea, with well-paid mechanics hovering around it and the engine running. The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships -- at a cost of about $70,000 a day each. It’s either that or send your precious rig to a scrapyard. The dilemma underscores how an offshore industry that geared up for an oil boom is grappling with a bust. Rig owners are putting equipment aside at unprecedented numbers as customers including ConocoPhillips pull back from higher-cost deepwater exploration. That’s helped make Transocean Ltd. and Ensco Plc two of the three worst performers in the Standard & Poor’s 500 Index over the past year.