Archive for November 5th, 2011

Bermuda Firm Proposed Solyndra Rescue Plan

President Barack Obama’s administration considered a plan proposed by Bermuda’s Lazard Ltd. to save Solyndra LLC that would have left the US with as much as 40 percent equity and two seats on the solar energy company’s board, according to e-mails obtained by the Bloomberg financial news service. The administration documents were sent yesterday... Read more of this article

Bermuda Company Wins Mexican Gas Contract

Mexican state-owned oil company Pemex said yesterday [Nov.4] that Petredec Limited, a privately owned liquefied petroleum gas trading company headquartered in Bermuda, won a bidding process to supply gas in 2012 and 2013. Mexico imports about a third of its gas needs and said it had saved more than $100 million by allocating the contracts covering the... Read more of this article

Buddz Laughs Off Bermuda Triangle Theories

Chart-topping reggae-dancehall superstar Collie Buddz never fails to promote his island home when he’s touring internationally — but his Bermuda boosting vanishes without a trace when it comes to endorsing “Bermuda Triangle” theories. Collie Buddz [born Colin Harper] told a California newspaper Bermudians tend to be extremely sceptical... Read more of this article

Bermuda Author Celebrates Lyme Regis Ties

The 400-year-old links between the Bermuda and the British coastal town of Lyme Regis – birthplace of the “Sea Venture’s” Admiral Sir George Somers– are celebrated in a new children’s book by Bermudian artist/writer Betsy Mulderig. The Bermudian children’s author honour Bermuda’s connections with Lyme Regis in her... Read more of this article

Enstar Posts Results, Names New Chairman

Bermuda’s Enstar Group Limited has filed its quarterly report on Form 10-Q with the US Securities & Exchange Commission, reporting its earnings and financial position for the three and nine months ended September 30, 2011. Enstar reported consolidated net earnings of $12.1 million (or $0.83 per fully diluted share) for the three months... Read more of this article