Cuba oil depot blaze threatens to aggravate island’s economic crisis
The four-day fire raging at a Cuban fuel depot is darkening the outlook for an economy already reeling from blackouts, shortages, Covid-19 and soaring import costs.
Cuba
Cuba takes 200-MW power plant off line amid oil depot blaze
Cuba was forced to take one of its largest power plants off line Monday due to the massive fire at the Matanzas fuel depot, deepening an already severe energy crisis on the Caribbean island.
Cuba battling inferno at oil depot after lightning bolt hit tank on Friday
Firefighters are continuing to battle an inferno at a Cuban oil depot that has raged for several days.
Sonangol takes loss but presses ahead with IPO plans
Sonangol intends to go ahead with an IPO in the coming years, although the company did report a $3 billion net loss for 2020.
Sonangol signs up to drill wells in Cuba
Sonangol has signed a deal to farm in to a block onshore in Cuba, under an agreement with Australia-listed minnow Melbana Energy.
Oil firms face rising threat of government sanctions
Oil and gas companies face an increasing risk of government investigations and significant financial penalties if they do not take appropriate steps to comply with international sanctions measures.
Scots pair delivering Cuba’s first major renewables project
Two Scots, including the head of the biggest manufacturer of Harris Tweed, are helping deliver Cuba's first major renewables project.
Renew News: Leni Gas and UK firm to lead renewables effort in Cuba
Leni Gas Cuba has struck a deal with UK solar power and storage specialists CFS (Commercial Funded Solar) to assess the potential for installation and operating renewable energy and hybrid power solutions in Cuba.
Rose Petroleum raises £800,000 to fund Cuban opportunities
Rose Petroleum has raised GBP800,000 to develop opportunities that have arisen in Cuba.
Leni Gas Cuba lands first import contract
London listed Leni Gas Cuba, the Cuban-specialist investment company, received its first import contract under the joint venture, struck last November, worth around $30,000.
Leni Oil and Gas invests in Cuban oil operator
Leni Oil and Gas has invested £730,000 in a Cuban oil operator.
Cuba to press on with GoM drilling despite low oil prices
Cuba plans to drill exploratory deepwater wells in the Gulf of Mexico by the end of 2016 or beginning of 2017 despite current low oil prices, officials from the state oil monopoly said.
Former energy minister urges Scots firms to take up opportunities in Cuba
A new era for US-Cuba relations creates opportunities for Scottish businesses in the Caribbean, former energy minister Brian Wilson says. After half a century of Cold War acrimony, the US and Cuba are trying to restore diplomatic links in a historic shift that could revitalise the flow of money and people across the narrow waters that separate the two nations. It could mean an end to the US trade embargo which has stifled investment and hampered business in Cuba for more than 50 years.