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Gov. García-Padilla submits bill to overhaul PREPA

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Gov. García-Padilla submits bill to overhaul PREPA The approval of the bill is necessary to complete restructuring talks with bondholders http://newsismybusiness.com/padilla-submits-overhaul/ November 5, 2015   Puerto Rico Gov. Alejandro García-Padilla on Thursday submitted a bill to the legislature that proposes a sweeping overhaul of the Puerto Rico Electric Power Authority, with the goal of “providing […]

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Puerto Rico governor unveils bill to fix debt-laden power utility

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Puerto Rico governor unveils bill to fix debt-laden power utility http://www.reuters.com/article/2015/11/04/usa-puertorico-prepa-idUSL1N12Z38A20151104#Iil5oamgzybU6HLl.99 Nov 4   Puerto Rico Governor Alejandro Garcia Padilla on Wednesday introduced legislation aimed at overhauling the island’s power authority, PREPA, and facilitating a debt restructuring that would reduce its more than $8 billion debt burden.   The bill, if passed, would formalize the […]

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Russia to supply generators to Cuba

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Russia to supply generators to Cuba https://www.rt.com/business/319081-cuba-russia-power-plant/ 19 October 2015   The Russian government has ratified an agreement to provide generators at the Maximo Gomes and Este Habana power plants in Cuba.   According to the Russian government website, the Maximo Gomes power plant in Mariel municipality will be equipped with a 200 MW unit, […]

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Cuba wants more Russian business

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Cuba wants more Russian business November 3, 2015 https://www.rt.com/business/320600-cuba-russia-business-cooperation/   In a blast from the past of the cold war era, Moscow and Havana are renewing bilateral ties. But it’s business not politics that is the driving force this time around.   Cuba wants Russian business to help in the economic development of the island, […]

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U.S.-Cuba oil drill deals ahead? Maybe

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U.S.-Cuba oil drill deals ahead? Maybe Bill Loveless, Special for USA TODAY http://www.usatoday.com/story/money/columnist/2015/11/02/us-cuba-oil-drilling-deals-possible/75041764/ November 2, 2015 Given the U.S. trade embargo against Cuba, can American companies participate in that country’s plans to resume drilling for offshore oil? That question came up frequently at a recent conference in Havana of U.S. and Cuban government and business […]

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Cuba’s Extra-Heavy Crude Awaits Technology and Investment

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Cuba’s Extra-Heavy Crude Awaits Technology and Investment By Ivet González http://www.ipsnews.net/2015/10/cubas-extra-heavy-crude-awaits-technology-and-investment/ CÁRDENAS, Cuba, Oct 27 2015 (IPS) – Cuba’s oil industry only exploits five percent of the petroleum found in onshore and offshore deposits due to a lack of foreign capital and technology to develop oilfields like Varadero 1000, the country’s biggest oil operation until […]

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Caribbean’s largest solar plant to be ready by February 2016

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Caribbean’s largest solar plant to be ready by February 2016 www.dr1.com – Nov 5, 2015   The largest solar power plant in the Caribbean is scheduled to enter into operation in southcentral Monte Plata in February 2016, as reported in Listin Diario.   Monte Plata Solar is a solar energy consortium that is building the […]

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Is There Any Hope For Natural Gas Prices?

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Is There Any Hope For Natural Gas Prices? By Larry Smith http://seekingalpha.com/article/3707626-is-there-any-hope-for-natural-gas-prices Nov. 23, 2015 Summary A huge increase in natural gas production has driven natural gas prices to rock bottom. Demand has been increasing steadily, but not enough to overcome the increased production. Natural gas exports are expected to grow, but will it be […]

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Venezuela Seen as Major Beneficiary of Obama’s Keystone Snub

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Venezuela Seen as Major Beneficiary of Obama’s Keystone Snub by Pietro D. Pitts & Brian Wingfield November 09, 2015 (Bloomberg)   President Barack Obama’s rejection of TransCanada Corp.’s proposed Keystone XL pipeline could give Venezuela’s ailing economy a lifeline.   With the world’s largest oil reserves, the South American country produces heavy crude that’s similar […]

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US LNG Export Is Beginning – One Sector Is A Clear Winner

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US LNG Export Is Beginning – One Sector Is A Clear Winner By Larry Smith http://seekingalpha.com/article/3668186-lng-export-is-beginning-one-sector-is-a-clear-winner Nov. 9, 2015 Summary LNG exports from the U.S. are about to begin and will grow rapidly in the next few years. The new LNG facilities will create a huge demand for natural gas, although it is unclear just […]

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