Tag: Oil and Energy

Shadow Minister Congratulates Energy Student

Shadow Minister Congratulates Energy Student

The Shadow Minister of Workforce Development Rolfe Commissiong expressed his congratulations to Fanaye Broadbelt who recently returned from embarking on an ambitious training initiative in India. Mr. Commissiong said, “I would like to take the opportunity to congratulate Ms. Fanaye Broadbelt who has over the last three months been participating... Read more of this article

Young Bermudian Travels To India For Training

Young Bermudian Travels To India For Training

This week, the Minister of Home Affairs, Michael Fahy, recognised a young Bermudian who recently returned from embarking on an ambitious training initiative in India. Fanaye Broadbelt is currently studying for her Masters of Science [MSc] in Renewable Energy and the Built Environment. For the past three months, from January through March 2014, Ms. Broadbelt’s... Read more of this article

OIL: $53.2 Million Of Underwriting Income

OIL: $53.2 Million Of Underwriting Income

Oil Insurance Limited [OIL] held its 2014 Shareholder’s Annual General Meeting on Wednesday [Mar 26] at the Fairmont Southampton Hotel and conducted the review and approval of the 2013 annual financial statements and election of directors. For 2013, OIL wrote and earned $550.4 million of premium that resulted in $53.2 million of Underwriting Income.... Read more of this article

Video: Senator Jeff Baron’s Earth Hour Speech

Video: Senator Jeff Baron’s Earth Hour Speech

Bermuda played host to a series of events on Saturday night [Mar 29] in celebration of Earth Hour, joining in with more than 150 countries who utilized the day to bring attention to the effect that the use of fossil fuels has on the environment, with all participants encouraged to turn off their lights for an hour in the evening. Following the Living... Read more of this article

Finance Ministry: March Fuel Price Adjustments

Finance Ministry: March Fuel Price Adjustments

The Ministry of Finance has announced that with effect from Friday, 14th March, 2014 the maximum prices of petroleum products change as follows:Gasoline 0.0 cents/litre Diesel – 0.8cents/litre Kerosene – 1.1 cents/litreAs a consequence the maximum retail prices displayed on the pumps for petroleum products are as follows:Gasoline 212.30... Read more of this article

Finance Ministry: Feb. Fuel Price Adjustments

Finance Ministry: Feb. Fuel Price Adjustments

The Ministry of Finance has announced that with effect from Friday, 14th February, 2014 the maximum prices of petroleum products change as follows:Gasoline + 5.3 cents/litre Diesel + 1.2 cents/litre Kerosene + 1.3 cents/litreAs a consequence the maximum retail prices displayed on the pumps for petroleum products are as follows:Gasoline 212.30... Read more of this article

Use Your Power, Bermuda: Support Earth Hour

Use Your Power, Bermuda: Support Earth Hour

The countdown has started towards Earth Hour 2014. On Saturday March 29, everyone in Bermuda is being asked to turn off all their lights from 8.30pm to 9.30pm to mark Earth Hour, a global initiative involving millions of people showing their concern for the environment. Bermuda has taken part in Earth Hour since 2007. This year, the annual event has... Read more of this article

Arbitration Panel Awards In Favour Of Nordic

Arbitration Panel Awards In Favour Of Nordic

Bermuda-based Nordic American Tankers [NAT] announced on Friday [Jan 31] that an arbitration panel in London has produced an award in favour of NAT. Gulf Navigation Holding PJSC [GulfNav] was the other party in the arbitration. The case relates to the 6 year bareboat charter with GulfNav of the Suezmax vessel Gulf Scandic [now named Nordic Harrier]... Read more of this article

St David’s Variety Now Offer Fuel To Customers

St David’s Variety Now Offer Fuel To Customers

St David’s Variety is now serving fuel after upgrading their property recently which saw fuel pumps installed for both road users and boats arriving at their attached marina.All Esso fuels are available to customers including gas, diesel, mixed gas and kerosene. St David’s Variety started selling fuel last week after a  list of inspections took... Read more of this article

Alex Smith Wins Energy Conservation Award

Alex Smith Wins Energy Conservation Award

Dr. Grant Gibbons, Minister of Education and Economic Development, today [Dec 16] presented awards to the winners of the 2013 Energy Conservation Contest for realizing the largest reduction in their electricity bill over the course of the year. Mr. Alex Smith received the first place award and a travel voucher for $600 from Meyer Travel. Ms. Stephanie... Read more of this article