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2nd Cuban Offshore Oil Well Also A BustCuba’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.

Huge Oil Rig Ready To Drill Off CubaLess 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.

Oil Rig Heading To Florida StraitsLess 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.