Over the last year, labour markets in Latin America and the Caribbean have faced an unprecedented unemployment problem.
An Aberdeen headquartered marine services and mooring specialist has secured a deal worth in excess of £1 million.
Belgian shipping firm Exmar has secured a $200 million financing deal for its delayed ‘Caribbean’ FLNG project.
Bahamas Petroleum Companyaims to begin drilling activity in the Caribbean this year whilst searching for a technical partner to share in the "world class" multi-billion barrel potential of the region.
Production costs of less that $10 per barrel are allowing LGO Energy to progress with confidence with its Goudron development in Trinidad.
Oil boss David Lenigas has strengthened links this week with the burgeoning Cuban oil and gas sector.
Imagine parking your $300 million boat for months out in the open sea, with well-paid mechanics hovering around it and the engine running. The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships -- at a cost of about $70,000 a day each. It’s either that or send your precious rig to a scrapyard. The dilemma underscores how an offshore industry that geared up for an oil boom is grappling with a bust. Rig owners are putting equipment aside at unprecedented numbers as customers including ConocoPhillips pull back from higher-cost deepwater exploration. That’s helped make Transocean Ltd. and Ensco Plc two of the three worst performers in the Standard & Poor’s 500 Index over the past year.