Author Archive: Bernews1

Polo Resources Ltd. Now Listed On The BSX

Polo Resources Limited, the Canadian natural resources investment company with interests in gold, oil and gas, coal and iron ore, today [Apr. 5] announced that it has received approval for the listing of its ordinary shares on the Bermuda Stock Exchange [BSX]. The company’s ordinary shares commenced trading on the BSX on 4 April 2013 under the symbol... Read more of this article

NYSE Sends Deficiency Letter To TransAtlantic

Bermuda-based TransAtlantic Petroleum Ltd. announced today [Apr. 5] that, as expected, on April 2 the company received a deficiency letter from the New York Stock Exchange indicating that it had determined that the company was not in compliance with Sections 134 and 1101 of the Exchange’s Company Guide due to the oil and energy firm’s failure... Read more of this article

Beauties And The Beach: “SI” In Bermuda

It was a case of beauties and the beach when a “Sports Illustrated” photo crew visited Bermuda with supermodels including Cheryl Tiegs, Ashley Richardson and a young Rebecca Romijin to shoot its 1995 swimsuit issue. Entitled “Basking In Bermuda” and shot by Ron Labbe, the multi-page swimsuit spread showcased the models –and... Read more of this article

Teekay Corp. Directors Declare Dividend

Bermuda’s Teekay Corporation announced today [Apr.5] that its board of directors has declared a cash dividend on its common stock of $0.31625 per share, payable on April 30 to all shareholders of record as of April 16, 2013. Teekay Corporation is an operational leader and project developer in the marine midstream space. Through its general partnership... Read more of this article

Marine Contractor Dockwise Holds AGM

The annual general meeting [AGM] of Bermuda-incorporated marine contractor Dockwise was held today [Apr.5] in Amsterdam, the Netherlands, and all items on the agenda were unanimously resolved. An application for delisting from the Oslo Stock Exchange was filed today. The AGM has, among others things, resolved to adopt the audited financial statements... Read more of this article

Brookfield To Release First Quarter Results

Bermuda-based Brookfield Renewable Energy Partners’ will hold a first quarter conference call and webcast on Wednesday, May 8 at 9:00 a.m. [Eastern Time] to discuss results and current business initiatives with members of senior management. These results will be released on Wednesday, May 8 at approximately 8:00 a.m. [Eastern Time] and will be... Read more of this article

The Empire Strikes Back At Lucas In Bermuda

The empire struck back when “Star Wars” creator George Lucas was in Bermuda recently — with the acclaimed filmmaker falling under the spell of “Downton Abbey”, the phenomenally successful period drama about a wealthy household’s struggle to adapt as the sun slowly sets on the British Empire. Peter Bradshaw —... Read more of this article

Minister Moniz: ‘Wharf Project Remains On Track’

The $22.36 million Heritage Wharf project remains on track to be completed in time for the arrival of the Norwegian Breakaway cruise ship on May 15th, Minister of Public Works Trevor Moniz said last night [Apr 4]. Last month Shadow Minister of Public Works Derrick Burgess expressed concern over the 22 work permits issued for the Heritage Wharf Project... Read more of this article

Nabors Appoints Howard Wolf As Director

Bermuda-based Nabors Industries Ltd. yesterday [Apr.4] announced that it has expanded the board to eight members from the current seven and subsequently appointed Howard Wolf to fill the newly created vacancy. Nabors Industries Ltd., founded in 1968 as Anglo Energy, Ltd. and currently headquartered, Bermuda, is an S&P 500 oil, natural gas and geothermal... Read more of this article

Nahki Wells Seeks To End Goal Drought

Bermuda’s Nahki Wells, who has not scored since February 2nd, hopes to break this streak in Bradford City’s upcoming game against Northampton, the Telegraph & Argus reports. The 22-year-old Bermudian had a prolific goal scoring run earlier in the season, netting a total of 18 goals. Wells told the Telegraph & Argus, “It feels... Read more of this article

Chamber Reacts To Ratings Agency Review

[Updated with PLP response + 2nd Chamber response] The recent actions by Moody’s and Standard & Poor’s are not a total surprise nor a major concern as rating agencies tend to look at past performance to project what could happen, said the President of the Chamber of Commerce Ronnie Viera. Earlier this week Moody’s placed Bermuda’s... Read more of this article

Ministry Seeks Feedback From Charities

The Ministry of Home Affairs said that in keeping with the Government’s Throne Speech pledge, amendments to the Charities Act 1978 stakeholder consultation has commenced. Notwithstanding that extensive charities policy development consultation was undertaken about a year ago, the Minister responsible for charities, Michael Fahy, advised that he... Read more of this article