Tag: Oil and Energy

Energy Regulatory Reform Is “Top Priority”

Energy Regulatory Reform Is “Top Priority”

In the House of Assembly on Friday [July 18], Minister of Education and Economic Development Dr. Grant Gibbons provided an update on some of the energy-related initiatives that are being undertaken in Bermuda. Dr. Gibbons said, “The top energy related priority for the Ministry of Education and Economic Development is Energy Regulatory Reform.... Read more of this article

Appleby Advises Energy XXI On $2.2B Merger

Appleby Advises Energy XXI On $2.2B Merger

Appleby acted as Bermuda counsel to Energy XXI [Bermuda] Limited in its $2.2 billion merger with EPL Oil & Gas, Inc., a union that creates the only publically traded, pure-play oil and gas exploration company in the shallow water section of the U.S. Gulf of Mexico. The new enterprise has an enterprise value of $6 billion. The merger involved two... Read more of this article

Police Advise Caution, Fuel Spill In Devonshire

Police Advise Caution, Fuel Spill In Devonshire

The police have advised that motorists use caution driving or riding in the Parsons Road, Middle Road and Brighton Hill, Devonshire areas due to a fuel spill this morning [June 7]. A police spokesperson said, “Motorists should use caution driving or riding in the Parsons Road, Middle Road and Brighton Hill, Devonshire areas due to a reported fuel... Read more of this article

Blakeney Urges Support For Energy White Paper

Blakeney Urges Support For Energy White Paper

Shadow Environment Minister Glenn Blakeney said the PLP joins with people across the globe in observing World Environment Day 2014, and urged people to support the full implementation of the PLP’s Bermuda Energy White Paper. Mr. Blakeney said, “This year’s focus “Small Islands and Climate Change,” is particularly relevant... Read more of this article

BELCO: No Additional Revenue From Changes

BELCO: No Additional Revenue From Changes

The change to BELCO’s Facilities Charge from a fixed $33 per month fee for all residential customers to a graduated Facilities Charge based on usage was made after an extensive analysis of BELCO’s residential customers’ consumption over a year period, providing no additional revenue, the company said today. A spokesperson said, “The analysis... Read more of this article

BELCO Fee Changes To Take Effect June 1st

BELCO Fee Changes To Take Effect June 1st

The Energy Commission has approved a proposal by BELCO to replace the existing fixed monthly residential Facilities Charge with a graduated fee structure. The revised graduated Facilities Charge will go into effect on June 1, 2014, and the company said it will result in 44% of customers seeing reductions on their bills, 28% will be unaffected, while... Read more of this article

Finance Ministry: May Fuel Price Adjustments

Finance Ministry: May Fuel Price Adjustments

The Ministry of Finance announces that with effect from today [May 16], the maximum prices of petroleum products change as follows:Gasoline – 2. 1 cents/litre Diesel – 0. 4 cents/litre Kerosene – 0. 3 cents/litreAs a consequence the maximum retail prices displayed on the pumps for petroleum products are as follows:Gasoline 211.80... Read more of this article

Gorham’s To Expand Solar Energy System

Gorham’s To Expand Solar Energy System

Alternative Energy Systems [AES] will soon be moving ahead with the expansion of the photovoltaic solar energy system at Gorham’s True Value Home Centre in Pembroke. This expansion will be the fourth phase of installation and will consist of an additional 300 kilowatts of capacity that, combined with the 185 kilowatts from the first three phases,... Read more of this article

Ministry Of Finance Outlines Gas Price Changes

Ministry Of Finance Outlines Gas Price Changes

The Ministry of Finance announces that, with effect from Wednesday, April 16, 2014, the maximum prices of petroleum products change as follows:Gasoline: +1.6 cents per litre Diesel: -0.2 cents per litre Kerosene: -1.6 cents per litre“As a consquence, the maximum retail prices displayed on the pumps for petroleum products are as follows:Gasoline:... Read more of this article

Dr Chapman Receives PhD For Energy Research

Dr Chapman Receives PhD For Energy Research

Dr. David Chapman – who recently earned his PhD through the Royal Holloway University of London following research on renewable energy and its role in sustainable development in small island states —  is continuing to share the results of his studies in order to help to positively focus the current developmental trajectory of Bermuda... Read more of this article


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