SAINT KITTS AND NEVIS - The US $3 billion Basseterre expansion project is underway, despite a finalised blueprint of the plan still not being reached between government and the investors.

CUBA - A group of five Russian companies may lease as many as 15 oil blocks, representing 15,440 square miles, for exploration in Cuba’s portion of the Gulf of Mexico.

PANAMA - After a decade of fighting red tape and disgruntled competitors Atlantic Pacific S. A. (APSA) might be able to build a port to load and offload fuel in the area known as Oil Crib, in Balboa.

PANAMA - According to International Maritime Bureau, the amount of shipping passing through the Suez Canal has fallen between 35% MoM and 50% YoY in December 2008 as compared to the previous month and the year ago month.