Offshore Drilling in Cuba and the Bahamas


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Cuba


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Cuba's Offshore Oil Development


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Cuba is moving toward development of its offshore oil resources. While the country has proven oil reserves of just 0.1 billion barrels, the U.S. Geological Survey (USGS) estimates that offshore reserves in the North Cuba Basin could contain an additional 4.6 billion barrels of undiscovered technically recoverable crude oil. The Spanish oil company Repsol, in a consortium with Norway's Statoil and India's Oil and Natural Gas Corporation, is expected to begin offshore exploratory drilling in late 2011, and a number of other companies are considering exploratory drilling. At present, Cuba has six offshore projects with foreign oil companies. While it is unclear whether offshore oil production could result in Cuba becoming a net oil exporter, it could reduce Cuba's current dependence on Venezuela for oil supplies. Some Members of Congress and others have expressed concern about Cuba's development of its deepwater petroleum reserves so close to the U.S. They are concerned about oil spill risks and about the status of disaster preparedness and coordination with the U.S. in the event of an oil spill. Dealing with these challenges is made more difficult because of the longstanding poor state of relations between Cuba and the U.S. Contents of this report: Introduction; Cuba's Oil Sector; Implications and Considerations for U.S. Policy; Legislative Initiatives; Conclusion. Figures. This is a print on demand report.




Offshore Exploration of Oil and Gas in Cuba using Digital Elevation Models (DEMs)


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This book provides an overview of the major changes induced by hydrocarbons (HCs) affecting rocks and surface sediments and their implications for non-seismic exploration methods, particularly for marine territories near Cuba. It examines the use of a digital elevation model (DEM) at 90x90m resolution for the detection of subtle, positive geomorphic anomalies related to hydrocarbon microseepage (vertical migration) on possible oil and gas targets. The results support the conclusion that the DEM data provides a low cost and fast offshore oil and gas preliminary exploration strategy. This data is useful serving to focus prospective areas with supplementary unconventional methods such as magnetic-induced polarization (MIP), useful to propose more expensive volumes for detailed 2D–3D seismic surveys.




Cuba's Energy Future


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Approaching an uncertain future without Fidel Castro, and still reeling from a downturn at the end of the cold war, Cuba must act decisively to improve its economy and living conditions. One of the major challenges facing the impoverished island nation is securing access to energy resources that are sufficient to meet the needs of its revitalization and development goals. What steps can Cuba take to achieve both short- and long-term energy sustainability and self-sufficiency? In this timely analysis, Jonathan Benjamin-Alvarado and his colleagues answer that question. Cuba's Energy Future sets the geostrategic context within which Cuba is operating. The book provides an overview of the evolving relations among Caribbean states and explains why Cuba and its longtime nemesis the United States should look for ways to cooperate on developing energy resources. The possible role of oil companies is explored, as is Cuba's energy relationship with Hugo Chavez's Venezuela. The second section of Cuba's Energy Future features economic and technical appraisals, economic projections, and trends affecting Cuba's energy needs, including oil and natural gas potential, the country's antiquated electric power sector, and the role of biofuels such as sugarcane ethanol. The concluding section focuses on the conditions necessary for, and the mutual benefits of, greater cooperative engagement with the United States. Contributors: Juan A. B. Belt (Chemonics International, formerly USAID), Jonathan Benjamin-Alvarado (University of Nebraska–Omaha and University of Georgia), Amy Myers Jaffe (Rice University), Jorge R. Piñón (Florida International University), Ronald Soligo (Rice University).




Focus on Cuba


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The Republic of Cuba consists of the island of Cuba (the largest and second-most populous island of the Greater Antilles), Isla de la Juventud and several adjacent small islands. Cuba is located in the northern Caribbean at the confluence of the Caribbean Sea, the Gulf of Mexico and the Atlantic Ocean. Cuba is south of the eastern United States and The Bahamas, west of the Turks and Caicos Islands and Haiti and east of Mexico. The Cayman Islands and Jamaica are to the south. The national flower is Hedychium Coronarium Koenig, most known as "mariposa" (butterfly) and the national bird is "Tocororo" or "Cuban Trogon" from the family of Trogonidae. Cuba is the most populous nation in the Caribbean. Its people, culture and customs draw from several sources including the aboriginal Taíno and Ciboney peoples, the period of Spanish colonialism, the introduction of African slaves, and its proximity to the United States. Cuba's once-ambitious foreign policy has been scaled back and redirected as a result of economic hardship and the end of the Cold War. Cuba aims to find new sources of trade, aid, and foreign investment and to promote opposition to U.S. policy, especially the trade embargo and the 1996 Libertad Act. Cuba has relations with over 160 countries and has civilian assistance workers -- principally physicians and nurses -- in over 20 nations. Since the end of Soviet backing, Cuba appears to have largely abandoned monetary support for guerrilla movements that typified its involvement in regional politics in Latin America and Africa, though it maintains relations with several guerrilla and terrorist groups and provides refuge for some of their members in Cuba. Cuba's support for Latin guerrilla movements, its Marxist-Leninist government, and its alignment with the USSR led to its isolation in the hemisphere. Cuba is a member of the Organisation of American States (OAS), although its present government has been excluded from participation since 1962 for incompatibility with the principles of the inter-American system. Cuba hosted the Non-Aligned Movement (NAM) summit in September 2006 and will hold the NAM presidency until 2009. In the context of the NAM and its ordinary diplomacy, Cuba has developed friendly relations with Iran, North Korea and other rogue states.













The Mountain Mystery


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Fifty years ago, no one could explain mountains. Arguments about their origin were spirited, to say the least. Progressive scientists were ridiculed for their ideas. Most geologists thought the Earth was shrinking. Contracting like a hot ball of iron, shrinking and exposing ridges that became mountains. Others were quite sure the planet was expanding. Growth widened sea basins and raised mountains. There was yet another idea, the theory that the world's crust was broken into big plates that jostled around, drifting until they collided and jarred mountains into existence. That idea was invariably dismissed as pseudo-science. Or "utter damned rot" as one prominent scientist said. But the doubtful theory of plate tectonics prevailed. Mountains, earthquakes, ancient ice ages, even veins of gold and fields of oil are now seen as the offspring of moving tectonic plates. Just half a century ago, most geologists sternly rejected the idea of drifting continents. But a few intrepid champions of plate tectonics dared to differ. The Mountain Mystery tells their story.