Oil Find Hints at a Less Dependent Cuba

Article Abstract:

Fidel Castro announced that Canadian petroleum companies Sherritt Inc. and Pebercan, have discovered major oil deposits in an area of the Gulf of Mexico that Cuba controls. The discovery could have significant economic and international impact, changing Cuba from an oil importing to oil exporting nation.

Government expenditures, Production management, Mining & Extractive Industries, Mining, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Mining industry, International aspects, Economic policy, Cuban foreign relations, Discovery and exploration, Natural resources, Castro, Fidel, Mineral industry, Pebercan, Sherritt Inc.

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Suncor Energy Is Turning Canadian Tar Into Energy

Article Abstract:

North American companies such as Canada's Suncor Energy are pumping oil in less desirable locations that they have previously ignored, which indicates both that they are running out of places to explore, and that they expect high prices to continue.

Market information - general, Manufacturing processes, Methods, Supply and demand, Production processes, Suncor Energy Inc., Oil sands

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Spanish Seek Oil Off Cuba; Potential Shift In Gulf Output

Article Abstract:

Repsol YPF in conjunction with Cubapetroleo is exploring the Cuban waters of the Gulf of Mexico for oil. If significant discoveries are made the United States may have to re-examine its trade sanctions with Cuba.

Joint ventures, Spain, United States foreign relations, Company joint venture, Sherritt International Corp., Repsol-YPF S.A. (Madrid, Spain), Cubapetroleo

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