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Oil Rigs (Photo by David McNew/Getty Images)

Hopes, Fears, Doubts Surround Cuba’s Oil Future

One of the most prolific oil and gas basins on the planet sits just off Cuba’s northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action.

12/20/2014

Cuban fisherman fish with Chinese-made Italian oil drilling platform Scarabeo-9 in the horizon, offshore Havana, January 19, 2012. (Photo credit: ADALBERTO ROQUE/AFP/Getty Images)

2nd Cuban Offshore Oil Well Also A Bust

Cuba’s dreams of petroleum riches has been dealt a big blow as Cuba’s state oil company announced Monday a second deep-water exploratory well in the Gulf of Mexico is a bust.

CBS4–08/06/2012

Cuban fisherman fish with Chinese-made Italian oil drilling platform Scarabeo-9 in the horizon, offshore Havana, January 19, 2012. (Photo credit: ADALBERTO ROQUE/AFP/Getty Images)

Huge Oil Rig Ready To Drill Off Cuba

Less than two years after the BP oil spill left the Gulf coast reeling, a new semi-submersible oil rig is now stationed in the Florida Straits, less than 90 miles from the coast of Key West.

CBS4–01/23/2012

Repsol Oil

Oil Rig Heading To Florida Straits

Less than two years after the BP oil spill left the Gulf Coast reeling, a new semi-submersible oil rig is set to begin drilling in the Florida Straits around mid-December.

CBS4–09/19/2011

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