Search results for : oil
BPC: Oil price collapse delaying timeframe
March 23, 2016
BPC: Oil price collapse delaying timeframe
In 2015, the Bahamas government renewed Bahamas Petroleum Company's (BPC) four southern licenses for a further three years to mid-2018, with a requirement to commence an exploration well by April 2017, and while that remains the company's "singular focus" BPC executives admit, "the oil price collapse is delaying potential transaction timeframes."
BPC hails Senate passage of oil bills
February 10, 2016
BPC hails Senate passage of oil bills
Bahamas Petroleum Company (BPC) continues to follow closely the progress of new petroleum legislation through the Bahamian system, announcing the passage of the Petroleum Bill and the Sovereign Wealth Bill in the Senate to stockholders on the London Stock Exchange (LSE).
February 07, 2016
Environmental lobby: Produce research on oil referendum
Environmental lobby reEarth ripped into the government over the weekend, demanding the production of the research that Attorney General Allyson Maynard-Gibson told the Senate shows Bahamians don't want an oil referendum.
AG touts 15M fine in oil bill
February 07, 2016
AG touts 15M fine in oil bill
Attorney General Allyson Maynard-Gibson continues to tout the environmental protections included in the Petroleum Bill while making the case for drilling for oil in The Bahamas, given the stiff objection from an environmental lobby concerned about the risk to an at-risk eco-system.
10m penalties in Bill for damage in oil exploration
February 04, 2016
10m penalties in Bill for damage in oil exploration
THE Petroleum Bill 2014 seeks to enforce penalties of up to $10m for damage to this country's environment during oil exploration should they occur, Attorney General Allyson Maynard-Gibson said in the Senate yesterday...
February 03, 2016
AG: Research shows Bahamians don't want oil referendum
Attorney General and Minister of Legal Affairs Senator Allyson Maynard-Gibson, QC yesterday told senators that the government's "research shows that Bahamians do not want a referendum on whether to explore for oil", doubling down on the administration's U-turn on whether government would seek approval via referendum before allowing a company to spud an exploratory oil well.
BPC eager for new oil laws
January 06, 2016
BPC eager for new oil laws
The government last year passed oil exploration legislation in the House of Assembly and the Senate, and as 2016 opens, the oil exploration company Bahamas Petroleum Company (BPC) is anticipating the signing of those bills into law "in the near future".
December 16, 2015
Dorsett hints at exploratory oil well before oil referendum
Minister of the Environment Kenred Dorsett stated yesterday that the government cannot continue to debate the potential merits and risks of petroleum exploration in The Bahamas based on "what ifs", charging that a promised referendum on drilling would have to wait until after necessary legislation is passed.
Govt urged to deal with Clifton oil pollution
June 19, 2015
Govt urged to deal with Clifton oil pollution
Nearly six months after the government announced it would spend $10 million on oil spill remediation efforts, petrochemical pollution remains a serious threat to the sensitive marine environment throughout The Bahamas, but particularly at Clifton Bay, environmentalists say.
Christie Defends Oil Exploration Plan
March 12, 2013
Christie Defends Oil Exploration Plan
Prime Minister Perry Christie yesterday denied that his administration has flip-flopped on the oil drilling referendum. He said it was never the intent to interfere with the relevant research needed to determine if The Bahamas has commercially viable oil reserves.
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