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Cuba has three producing offshore oil fields within 5 km of its north coast. [2] A 2004 partnership between Spanish oil company Repsol-YPF and Cuba's state oil company Cupet estimated Cuba's off-shore reserves to be able to ultimately produce between 4.6 and 9.3 billion barrels of crude oil. [3]
Cuba produces around 80,000 barrels per day (13,000 m 3 /d) of heavy crude oil. Various companies have explored for oil in Cuba over the last 15 years with the only new discoveries along the northwest heavy oil belt, an 80-mile (128 km) stretch of coast in La Habana and Matanzas provinces.
In 1958, drilling contracts with the seven largest U.S. oil producers included wells 40 miles (64 km) north of Isabela, Cuba, near the island Cay Sal. In 1959 Bush bought control of Zapata Off-Shore, funded with $800,000, [ 13 ] splitting Zapata Corporation into two independent companies with the Liedtkes still in control of Zapata Petroleum.
In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. In 2007, the company became a public company via an initial public offering. [2] In 2008, the company acquired Henry Petroleum for $584 million. [3] In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. [4]
HAVANA (Reuters) -Cuba's national electrical system collapsed early on Wednesday morning after the country's largest power plant failed, the government said, the latest of several such failures as ...
Linn Energy, Inc. was a hydrocarbon exploration company based in Houston.In 2018, the company split into Roan Resources and Riviera Resources. As of December 31, 2017, the company had 1.968 trillion cubic feet equivalent of estimated proved reserves, of which 8% were petroleum, 70% were natural gas, and 22% were natural gas liquids.
EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas . The company is ranked 186th on the Fortune 500 [ 2 ] and 337th on the Forbes Global 2000 .
Helix Energy Solutions Inc., known as Cal Dive International prior to 2006, is an American oil and gas services company headquartered in Houston, Texas.The company is a global provider of offshore services in well intervention and ROV operations of new and existing oil and gas fields.