Search results for : petroleum
Expect Gas Prices To Rise, Says Petroleum Retailer
April 16, 2024
Expect Gas Prices To Rise, Says Petroleum Retailer
NASSAU, BAHAMAS - As gas prices in New Providence hover just below six dollars, Vice President of the Petroleum Retailers Association Vasco Bastian says it's likely prices at the pumps will continue to rise.
Petroleum Retailers: Things Are Shaping Up Very Well
April 16, 2024
Petroleum Retailers: Things Are Shaping Up Very Well
NASSAU, BAHAMAS - The stand-off between the government and The Bahamas Petroleum Retailers association could be ending soon.
February 29, 2024
Petroleum retailers continue to seek a 25 cent increase per gallon on margins
THE Bahamas Petroleum Retailers Association continues to seek a 25 cent per gallon margin increase compared to the previously sought 30 cent increase, with hopes of meeting with Prime Minister Philip "Brave" Davis this weekend.
February 08, 2021
Bahamas Petroleum Company says its exploratory well has FAILED
BREAKING: Bahamas Petroleum Company says its exploratory well in Bahamian waters has failed to produce oil in any commercial quantity.
BPC said drilling on the Perseverance #1 well has ceased at a depth of approximately 3,900 meters, and the well will now be permanently plugged and abandoned.
Bahamas Petroleum seeks to allay investor fears
April 23, 2012
Bahamas Petroleum seeks to allay investor fears
(Reuters) - Bahamas Petroleum Company (BPCB.L) sought to reassure
investors on Monday that its drilling permits would be renewed, after
local media reports last week raised fears they might not.
"Bahamas Petroleum Company believes it has significantly exceeded all
license commitments and obligations with cumulative expenditure in
excess of $50 million," the Bahamas-focused oil firm said...
Petroleum Retailers Vote for Strike
August 16, 2011
Petroleum Retailers Vote for Strike
PETROLEUM retailers voted unanimously for strike action last night in an emergency meeting of the governing body.
Gas stations are expected to be open today. However, with the vote, retailers can exercise their right to strike at any time.
Bahamas Petroleum rallies on CPR results
July 18, 2011
Bahamas Petroleum rallies on CPR results
Bahamas Petroleum (LON:BPC) said this morning that a competent person's report (CPR) confirmed that its four licenses in the Bahamas have "significant" oil potential.
March 06, 2024
Opposition meets with Petroleum Retailers Association
NASSAU, BAHAMAS — Members of the Opposition met with representatives of The Bahamas Petroleum Retailers Association (BPRA) on Tuesday to discuss a wide range of concerns, with the association underscoring the increased burdens experienced by the business community and how these have affected their fixed profit margins. According to a statement by the Opposition, the [...]
July 26, 2023
Govt hoping for deal with petroleum retailers by end of summer
Financial Secretary Simon Wilson told members of the media yesterday that the government hopes to finalize an agreement with the Bahamas Petroleum Retailers Association (BPRA) by the end of the summer, adding that talks have currently stalled.
Petroleum retailers pledge 'decisive action'
March 27, 2023
Petroleum retailers pledge 'decisive action'
Bahamas Petroleum Retailers Association President Raymond Jones said yesterday retailers are set to take "decisive action" to cut their operating costs within the coming week after the government failed to live up to its word and address concerns regarding inflexible margins within a stated time frame.
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