Archive for January 9th, 2012
Gulf Keystone’s Kurdistan Update
Gulf Keystone today [Jan.9] provided an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels. An independent oil and gas exploration and production company... Read more of this article
Positive Outlook For Third Point Re
A.M. Best Co. today [Jan. 9] assigned a financial strength rating of A- [Excellent] and issuer credit rating of “a-” to Bermuda’s Third Point Reinsurance Ltd. [TP Re]. The outlook assigned to both ratings is stable. The ratings of TP Re are based on its excellent risk-adjusted capitalisation, experienced management team and prudent... Read more of this article
Two Arrests For Impaired Driving
Police arrested two drivers on suspicion of driving under the influence in the early hours of this morning. Around 2:40am on Monday [Jan. 9], a car was travelling along Crow Lane, Pembroke near the junction with Corkscrew Hill when it was caused to stop by police officers on mobile patrol. The driver, a 29-year-old Southampton man was arrested on suspicion... Read more of this article
Murder Victim Named, Two Men Arrested
[Updated with video] The Bermuda Police Service identified the young man murdered last night [Jan.8] as 24-year-old Stefan Burgess, and said two men have been arrested in connection. His death leaves a mother grieving the loss of the second of her twin sons within a six-year period, with Stefan’s twin brother Ryan Burgess having predeceased him... Read more of this article
Digicel Network Issues Resolved
Digicel said the network issues experienced by some customers this morning [Jan.9] and up until approximately 1:30pm have now been resolved. Services affected by intermittent access were data and voice calls. A spokesperson said, “As soon as the issue became apparent, Digicel Bermuda’s technical team worked with urgency to ensure all issue... Read more of this article
Best: Reinsurance Market Stable
The global reinsurance market remains stable despite “numerous challenges” facing Bermuda and its global competitors in the field, according to international ratings agency A.M. Best. In a new report issued today [Jan. 9], analysts say this is due to continued strong risk-adjusted capitalisation, prudent enterprise risk management practices and... Read more of this article
South African Star’s Bermuda Show
South African superstar Thembi Mtshali-Jones says her upcoming Bermuda Festival encore performance in a one-woman show about about the lingering emotional trauma caused by a murder in that country has universal application. The actress and singer told “The Sowetan” today [Jan. 9] that after appearing in “Mother To Mother” at... Read more of this article
Minister, Governor, Police To Meet
[Updated] National Security Minister Wayne Perinchief, Governor Sir Richard Gozney and the Commissioner of Police are scheduled to meet this afternoon [Jan.9] in the wake of last night’s shooting which claimed the life of a 24-year-old-man. “The senior command of the Bermuda Police Service will brief us on this latest incident and the status... Read more of this article
Cabinet Mulls Casinos Opening In Port
[Updated with video] The possibility of allowing cruise ships to open their casinos while docked in Bermuda is an option that he will explore with his Cabinet colleagues, Transport Minister Derrick Burgess said this morning [Jan.9]. “If the casinos were allowed open while the ship is in port, some lines would consider coming in a day earlier,... Read more of this article
TransAtlantic New Chief Operating Officer
Bermuda domiciled TransAtlantic Petroleum Ltd announced that Gary T. Mize has resigned as the Company’s President and Chief Operating Officer, and Mustafa Yavuz has been appointed Chief Operating Officer. Chief Operating Officer Transition. TransAtlantic’s Board of Directors has accepted the resignation of Gary T. Mize as the Company’s... Read more of this article
Videos: Exploring ‘The Bermuda Depths’
“The Bermuda Depths” is part ghost story and part love story with a touch of Japanese monster movie thrown in to the eerie proceedings for good measure. And this unlikely combination of elements has ensured the ABC TV movie — filmed completely on location on the island in 1978 — retains a worldwide cult following more than... Read more of this article
Far East Energy Extends China Deal
The Bermuda unit of a major Texas oil and gas exploration firm today [Jan. 9] extended the exploration period of its Production Sharing Contract in China’s Yunnan Province. The Modification Agreement signed by Far East Energy Bermuda, Ltd. and China United Coal Bed Methane Corporation [CUCBM] will now be forwarded to the Ministry of Commerce... Read more of this article
