This Sanction-Proof Rig Beats U.S. Policy From Cuba to Russia

By Jack Farchy and Chiara Albanese (Bloomberg) -- The oil rig was built mostly in China and drilled its first well in Cuba. Now it’s delivering a victory for Russia in its fight against U.S. sanctions. Italian oil giant Eni SpA and Russia’s state-controlled Rosneft PJSC are using the Scarabeo 9 ultra-deepwater rig to drill in water more than 2,000 meters (6,600 … [Read more...]

Blooming U.S. Business Interest in Cuba Wilts Under Trump

By Sarah Marsh HAVANA, Nov 10 (Reuters) - Packed into a remote corner of a pavilion, just 13 U.S. companies took stands at Cuba's sprawling trade fair this year, in a sign of how firms' interest in doing business on the island has dwindled in the first year of Donald Trump’s presidency. Last year, amid enthusiasm following a detente in relations agreed between former … [Read more...]

Mississippi Ports Eye Cuba, Sign Agreements in Havana

HAVANA, Feb 20 (Reuters) - The Mississippi ports of Pascagoula and Gulfport signed agreements in Cuba on Monday with an eye to future business and with a Republican U.S. senator from the state looking on, despite concerns President Donald Trump might backtrack on improved relations. Senator Thad Cochran is the only Republican among five U.S. senators and a U.S. … [Read more...]

Florida Ports Cancel Plans to Ink Pacts with Cuba

MIAMI, Jan 27 (Reuters) - Two Florida ports have canceled plans to sign cooperation pacts with Communist-ruled Cuba after state Governor Rick Scott threatened to cancel their funding if they did business with the "Cuban dictatorship." The news comes as Cuba watchers are looking closely for signs of how the United States' fragile detente with Cuba will fare under President … [Read more...]

Florida Governor Threatens to Cut Funding for Ports Doing Business with Cuba

Florida governor Rick Scott threatened to cut state funding for any Florida ports looking to do business with Cuba. The warning from Governor Scott, delivered over three posts on Twitter on Wednesday, comes as a Cuban trade delegation visits the United States this week to explore possible trade opportunities with port authorities along the U.S. East and Gulf coasts. The … [Read more...]