Foreign Firms Prospect for Cuban Offshore Oil

0 Havana, Cuba, Aug 6.- Malaysian company PC GULF and Russia's GazpromNeft, linked to offshore oil prospecting, concluded the drilling of an exploratory well in northern Pinar del Rio province, sources from the sector reported today. According to a note issued today by Cubapetroleo, works reached 4,666 meters, in water depth of 2,258 meters and with the use of the

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Judge Nixes Obama Decision on Deep-water Drilling

1 Washington, Jun 23. -Judge Martin Feldman ruled in favor of the oil companies that called for overturning a moratorium the White House imposed on deep-water drilling in the Gulf of Mexico.   After the oil spill triggered by the Deepwater Horizon rig explosion, President Barack Obama imposed a six-month moratorium on deep-water drilling until security parameters were guaranteed. According

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USA: Expert Sees Hope for Early Stop to Oil Spill

2 Washington, Jun 18. -British Petroleum (BP) is drilling two secondary wells on Friday that will end the Gulf of Mexico oil spill early, a US university expert asserted. The spill could end by early July, said Jorge Piñon, a professor with Florida International University and a former BP executive, in an interview with CNN. Piñon stated that although he

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