Britain To Build A ‘National Flagship’ To Promote Maritime Trade
by Alistair Smout (Reuters) – Britain is to build a new flagship to promote its business and trade interests around the world, the government said on Saturday, in a move it...
HOUSTON -(Dow Jones)- An Italian drilling rig scheduled to drill a deep-water well offshore Cuba has arrived to the shores of Havana, Cuban media said Thursday.
The rig was been inspected by U.S. officials during a stopover in Trinidad & Tobago. U.S. offshore regulators said that the vessel complied with existing international and U.S. standards. The rig is scheduled to start drilling later this year.
Cuba has little experience with offshore oil exploration. In 2004, Cuba drilled a deep-water well, which received little notice. Since then, the U.S. Geological Survey has said there could be a substantial amount of untapped oil off the Cuban coast. Cuba could sell the oil or use it to reduce imports from Venezuela.
The original story can be read at: http://www.cubadebate.cu/noticias/2012/01/19/el-scarabeo-ya-esta-frente-al-malecon-de-la-habana/
-By Angel Gonzalez, Dow Jones Newswires
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