Search results for : oil
July 03, 2023
Oil explorer still pursuing license renewal, carbon credit option
NASSAU, BAHAMAS- Challenger Energy Group, formerly The Bahamas Petroleum Company (BPC) is continuing its push to renew its oil exploration licences and says that it is engaging with the government and various third party consultants on monetising its assets in the country through carbon credits. The company informed shareholders in its just released 2022 annual [...]
June 07, 2023
Halkitis says govt monitoring oil production cuts in Saudi Arabia
ECONOMIC Affairs Minister Michael Halkitis said the government is monitoring global oil production amid reports that Saudi Arabia would cut daily oil output by one million barrels in July.
June 07, 2023
Saudi oil production cuts fuel concerns of soaring prices locally at the pump
SAUDI Arabia's plan to cut oil output is exacerbating petroleum retailers' concerns over their current price-controlled margins regime, according to Vasco Bastian, vice president of the Bahamas Petroleum Dealers Association.
Govt. Keeping Its Eye On Global Oil Prices
June 07, 2023
Govt. Keeping Its Eye On Global Oil Prices
NASSAU, BAHAMAS - Government is keeping its eye on the global sale of oil and is hoping a rise in oil prices won't lead to a spike in prices.
Equinor could pay 'severe penalty' if they failed to properly cleanup oil spill post Hurricane Dorian
May 17, 2023
Equinor could pay 'severe penalty' if they failed to properly cleanup oil spill post Hurricane Dorian
ENVIRONMENT Minister Vaughn Miller said energy company Equinor would face severe penalties if officials find that the company failed to properly clean up its 2019 oil spill in East Grand Bahama.
April 17, 2023
Farmer fees abandoned after 'extensive damages' from Equinor Oil Spill
LOCAL farmer Harold Adderley says he was forced to abandon his farm of ten years after the 2019 oil spill at the Equinor South Riding Point plant in East Grand Bahama.
Guyana Increases Oil Production
April 12, 2023
Guyana Increases Oil Production
GUYANA - Exxonmobil Guyana announcing the arrival of the floating production storage and offloading vessel, Prosperity.
Company agrees to pay fine over Exuma oil spill
April 06, 2023
Company agrees to pay fine over Exuma oil spill
THE company responsible for last summer's Exuma oil spill has agreed to pay a fine for environmental damage caused following the incident, according to Attorney General Ryan Pinder.
Penalties Agreed On For Exuma Oil Spill
April 10, 2023
Penalties Agreed On For Exuma Oil Spill
NASSAU, BAHAMAS - Penalties have been agreed on for the company responsible for that oil spill in Exuma back in July 2022.
Update: Oil Prices Surge After Surprise Cuts
April 05, 2023
Update: Oil Prices Surge After Surprise Cuts
SAUDI ARABIA - Just recently, Our News told reported major oil-producing countries, led by Saudi Arabia, cutting supplies of crude again. Well, oil prices have already spiked.
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