Emera eyes eight-figure move in NG

Emera Inc. is considering an eight-figure investment in the area of natural gas for both The Bahamas and the region-at-large. The energy giant, headquartered in Nova Scotia, Canada, is focused on reducing this region's dependence on oil to improve capacity, efficiency and standards, according to Chris Huskilson, president and CEO of Emera.

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Esso Closure Sparks Industry Outrage

Gas retailers are once again up in arms over alleged mistreatment by oil and gas suppliers after yet another Esso on the Run station bit the dust this week.
The station, located near the Harbour Bay Shopping Centre, reportedly employed 20 Bahamians. Owner Richard McCombe confirmed the closure, but could not provide details as he wraps up the process.

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USGS: Bahamas holds up to 4.3Bn barrels of oil

A new report by the United States Geological Survey (USGS) has assessed the "Bahamas Platform" as holding total undiscovered oil reserves of up to 4.3 billion barrels.
The study, entitled "Assessment of Undiscovered Conventional Oil and Gas Resources of South America and the Caribbean, 2012", provides an objective, third-party examination of this country's oil reserves. According to the report, Th...

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New turbine and rental units for BEC

The Bahamas Electricity Corporation (BEC) and Japanese conglomerate Hitachi, signed a multi-million dollar contract yesterday for the supply and installation of a generator that is expected to provide more reliable and affordable electricity for New Providence consumers in the near future.
The $23.7 million contract will provide for the installation of the 24-megawatt combustion turbine during the...

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Airport Gateway Sparks Island-wide Blackout

The Bahamas Electricity Corporation is distancing itself from the first island-wide blackout on New Providence in almost three years. Yesterday morning, the lights went out at every home in the capital. According to BEC, the outage was "the fault of a private party working on the gateway project".

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Kiki House

• $ 1,150,000
• House
• Cat Island, Bahamas
• Bedrooms : 3
• Bathrooms : 2.00
• Living Area : 1600 sqft
• Lot Area : 1 acres

HG Christie Real Estate   All properties of this realtor

NGOs can kill your economy

Dr. Gary Conille, the prime minister of Haiti, in an address delivered in Varsovie, Poland, recently informed the world that 99 percent of the grants, gifts and help offered to Haiti after the devastating earthquake of January 12, 2010, went to the NGOs; the government received the remaining one percent.
The result is clear to the naked eye.  Haiti is almost as fragile before and after the ea...

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Banks Clamp Down On Gas Station Credit

Banks are increasingly reluctant to loosen the purse strings and provide credit to gas stations, resulting in shortages and causing some retailers to fold up shop.

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Minister: BEC bills to remain high for now

Despite promises by government officials earlier this month that cheaper energy bills were on the way, Minister of State for the Environment Phenton Neymour said he does not anticipate any significant reduction in the Bahamas Electricity Corporation's (BEC's) fuel charge in the near future.
During the first week of October, Environment Minister Earl Deveaux said that overhauls made to BEC's Clift...

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Government meets the oil majors on retail mark-up

By ALISON LOWE
Business Reporter

alowe@tribunemedia.net

The Government has met with the major oil companies as it moves towards a decision on whether to grant an increase in the mark-up retailers can add to the price of gas and diesel, asking for wholesalers to provide information to help it come to a conclusion on the matter.

Valentino Bain, country manager for Esso, confirmed that both he and...

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