Tag: #OilAndEnergy

OIL Holds Shareholder Annual General Meeting

OIL Holds Shareholder Annual General Meeting

Oil Insurance Limited [OIL] held its 2015 Shareholder’s Annual General Meeting [AGM] on Tuesday, March 24th at the Fairmont Southampton Hotel and conducted the review and approval of the 2014 annual financial statements and election of directors. “For 2014, OIL experienced $551.7 million of underwriting income. After factoring in net investment... Read more of this article

Duty Increase Offset By Reduction In Oil Costs

Duty Increase Offset By Reduction In Oil Costs

The impact on electricity costs for customers due to the duty increase on oil will be more than offset by the recent reduction in oil prices, the Government said. “The recent drop in oil prices has reduced the electricity price to BELCO customers from a high of 44.9 cents per kilowatt hour to the current 37.9 cents per kwh – a decrease of 7... Read more of this article

Robinson’s Marina Service Station Closed Down

Robinson’s Marina Service Station Closed Down

Robinson’s Marina service station at Somerset Bridge has been closed with immediate effect, and RUBiS said they “cannot confirm when the station will re-open.” David Rose, Managing Director of RUBiS Energy Bermuda announced that “RUBiS Energy Bermuda would like the motoring and marine public to be aware of the sudden and unexpected closure... Read more of this article

Tank Punctured, Results In Small Diesel Oil Spill

Tank Punctured, Results In Small Diesel Oil Spill

A small diesel oil spill occurred on Tuesday [Feb 24] when a crane fuel tank was accidentally punctured in the vicinity of Bethell’s Island, the Bermuda Maritime Operations Centre [BMOC] said. A BMOC spokesperson said, “A diligent member of the public contacts BMOC to report an oil slick in Ely’s Harbour. The gentleman also reports the presence... Read more of this article

“Community Conversation” On Electricity

“Community Conversation” On Electricity

The Department of Energy has invited public input into the formulation of a new Electricity Policy, by hosting a “community conversation” this Thursday [Feb 19] 6.30pm to 8.30pm at the Heritage Worship Centre on Dundonald Street in Hamilton. A spokesperson said, “This follows the Bermuda Energy Summit, the collaborative event in November jointly... Read more of this article

Electricity Policy Town Hall On February 19th

Electricity Policy Town Hall On February 19th

A Town Hall on Bermuda’s Electricity Policy will be held at Heritage Worship Centre New Testament Church of God on Dundonald Street on Thursday, February 19th from 6:30 – 8:30pm. The promo flyer said, “The Department of Energy has begun the process of developing new electricity policy for Bermuda. You may be expecting another ‘Town... Read more of this article

Workshop On Bermuda’s Future Energy Policy

Workshop On Bermuda’s Future Energy Policy

The Department of Energy today moved forward with discussion on policy development, arising out of the Energy Summit held in November. “The workshop – the first in a series of consultations – was held at the Fairmont Southampton Hotel this morning. It included stakeholders invited to the November Summit, together with others who have expressed... Read more of this article

Dr. David Chapman To Lecture At Corange 2015

Dr. David Chapman To Lecture At Corange 2015

The Corange Science 2015 Public Forum is set to be held on January 26, 2015, with Bermudian Dr. David Chapman to deliver an address entitled “Unexpected Yet Understandable: Development as a Barrier to Renewable Energy in Bermuda.” The lecture will begin at 6.30pm at Bermuda College, North Hall G301. Dr. Chapman – who earned his PhD through... Read more of this article

Castalia Selected To Help With Energy Changes

Castalia Selected To Help With Energy Changes

Speaking in the House of Assembly today [Dec 12], Minister of Economic Development Dr Grant Gibbons said that multi-national firm Castalia was selected to assist in the creation of a new energy regulatory regime for Bermuda, and  it is anticipated that the contract cost, less expenses, will be in the region of $450,000. Dr. Gibbons said, “In... Read more of this article

Oil Spill In Knapton Hill Area This Morning

Oil Spill In Knapton Hill Area This Morning

The police are advising motorists to “use extra caution” in the Knapton Hill, Smith’s parish area this morning [Dec 12] due to a reported oil spill. At 7.30am, a police spokesperson said, “Motorists are advised to use extra caution driving and riding in the Knapton Hill, Smith’s parish area this morning due to a reported... Read more of this article

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