Search results for : oil
February 08, 2015
Central Bank: VAT could spike inflation, but low oil prices should help
The Central Bank of The Bahamas (CBOB) said the implementation of the value-added tax (VAT) could mean a spike in the inflation rate as a consequence of price hikes across a broad range of goods and services at the start of the year, but plunging oil prices should keep inflation down.
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.
Govt To Revisit Oil Drilling Revenue
November 19, 2012
Govt To Revisit Oil Drilling Revenue
The government plans to renegotiate the royalty structure with the Bahamas Petroleum Company (BPC) as part of a greater regulatory overhaul for the budding offshore oil industry.
Genting Exec. Sees Potential For Oil In The Bahamas
October 15, 2012
Genting Exec. Sees Potential For Oil In The Bahamas
There is "interesting" potential in the country for oil production, said CEO of Genting Energy T. S. Ong.
DNA: Quest for Answers on Oil Exploration Continues
March 15, 2012
DNA: Quest for Answers on Oil Exploration Continues
Today, Minister of Environment Earl Deveaux confirmed the allegations made by Democratic National Alliance Montagu candidate, Ben Albury for weeks about the potential for oil exploration off the shores of the Bahamas.
BPC: No oil rig has been contracted
March 15, 2012
BPC: No oil rig has been contracted
The Bahamas Petroleum Company (BPC) has responded to mounting concerns from the Democratic National Alliance (DNA) and the Bahamian public concerning offshore oil drilling.
Nations Develop Oil Spill Matrix
December 16, 2011
Nations Develop Oil Spill Matrix
The key achievement of a regional forum on oil disaster preparedness may have been the bringing together of five nations in a productive first meeting.
An Oil Policy for Bahamians
August 04, 2011
An Oil Policy for Bahamians
It is more than apparent that a discussion has begun on oil exploration in The Bahamas. However, it is a not a conversation, but rather a one-sided publicity effort by the Bahamas Petroleum Company (BPC) to use the national papers of The Bahamas to generate capital and garner favorable opinion.
August 02, 2011
Pinon: Cuba, Bahamas face similar challenges on oil drilling
Concerns over oil drilling for millions of barrels of oil in Cuba and any spillover effects on a still unregulated Bahamas may be for naught, with an international energy expert reminding that the two countries face similar challenges.
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