Barbados to grant oil exploration licenses

first_img Bottoms up! Enjoy a cold one for International Beer Day Natural spring cleaning tips and tricks for your home 3 international destinations to visit in 2019 Top Stories Sponsored Stories Former Arizona Rep. Don Shooter shows health improvement Mary Coyle ice cream to reopen in central Phoenixcenter_img Construction begins on Chandler hospital expansion project Comments   Share   How do cataracts affect your vision? BRIDGETOWN, Barbados (AP) – The leader of Barbados says his administration expects to soon award exploration licenses for two offshore blocks that he hopes may eventually provide a petroleum windfall.Prime Minister Freundel Stuart says two acts recently passed by the Caribbean island’s House of Assembly paved the way for offshore licenses to be granted to Australia-based BHP Billiton.In a Tuesday statement, Stuart says his government has received offers from several companies to undertake speculative surveys in the area to evaluate where hydrocarbons might possibly be found. Stuart’s administration is also investing in solar panels to diversify the island’s energy grid.Over the past year, exploratory wells drilled off Cuba have come up a bust. Companies have also been seeking oil off Guyana’s coast but have failed to tap offshore deposits.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)last_img read more