Author Archive: Bernews1

Liberia Ratifies COPBL Oil Transactions

Canadian Overseas Petroleum Limited [COPL] announced today [Mar.27] that the Liberian Legislature, consisting of the Senate and the House of Representatives, has voted in favour of ratifying the Restated and Amended Production Sharing Contract for offshore Block LB-13. Closing and completion of the previously announced transactions between the company’s... Read more of this article

Cooper In 3rd At South American Championships

Bermuda’s five youth sailors attending the IODA South American Championships reached the halfway mark of the continental championship on Tuesday, completing 6 races over last three days. Hosted by Veleiros do Sul on the muddy river waters near Porto Alegre, Brazil, the fleet experienced three challenging days of light, shifty winds punctuated... Read more of this article

Cambridge Beaches Resort Makes Top 10 List

Bermuda’s Cambridge Beaches Resort & Spa was this morning featured in a “USA Today” travel section list titled “Rooms With A View: Ten Amazing Hotel Vistas.” Compiled by the publication’s partner Oyster.com — a leading online source for independent hotel reviews — the West End property was ranked among... Read more of this article

Reggae/World Musician Shimshai To Peform

Seattle-based American reggae/world/folk artist Shimshai will be performing at the Spirit House in Devonshire on Saturday [Mar. 30]. Doors open at 7.30 pm and the show gets underway at 8pm. Tickets are $45 and can be purchased at Sankofa in Chancery Lane or from the Yoga Centre on Victoria Street. For further information, please call 505-5073 or email... Read more of this article

Charity Screening Of New Animated Comedy

The Eliza DoLittle Society [TEDS] is presenting a fund-raising screening of the new Dreamworks movie “The Croods” on Saturday [Mar. 30]. An animated comedy adventure set in the pre-historic era, “The Croods” follows the world’s first family as they embark on a journey of a lifetime when the cave that has always shielded... Read more of this article

Bermuda Optimist Sailors Competing In Italy

Following on from the success of the World Record breaking sailing regatta in Lake Garda, Italy last Easter, 6 young Bermuda Optimist sailors from the RBYC Sailing Academy are joining 1,300 other Optimist sailors from 31 countries in what promises to be another World Record breaking Regatta. The Optimist World Championships is to be held at Riva del... Read more of this article

Noble Mining To Sell Brazilian Shareholding

Canada’s Ecometals Limited announced today [Mar.27] that its wholly owned Bermuda subsidiary, Noble Mining Ltd., has entered into an agreement with a group of investors for the sale of Noble’s entire holding of shares in its wholly owned Bermudian subsidiary Ironman Ltd. Ironman is the 99 percent shareholder of Ecometals Ferro do Amapá... Read more of this article

TheStreet Downgrades Energy XXI Bermuda

Bermuda-based Energy XXI has been downgraded by TheStreet Ratings from buy to hold. In a statement, the ratings agency said: “The company’s strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. “However, as a counter to these strengths, we also find weaknesses including unimpressive... Read more of this article

City Art Festival To Run From April 26 to May 14

The City of Hamilton today announced this year’s City Art Festival dates. Events Project Manager, Ms. Danilee Trott stated, “This year’s City Art Festival will take place from April 26 to May 14. There are new elements that have been added to enhance this year’s events. “Working in conjunction with the Bermuda Society for the Arts [BSOA],... Read more of this article

IGIH: “We Exceeded Our Net Income Forecasts”

Dubai-based International General Insurance Holdings Limited [ IGIH ] — which operates a major Bermuda subsidiary — has reported earnings for the 2012 financial year. The Group announced net earnings of $25.25 million for the year, an increase of 8.7 percent compared to $23.22 million for the 2011 fiscal year. Commenting on the results,... Read more of this article

Premier: ‘PLP Resorting To School Yard Tactics’

The Progressive Labour Party is still “resorting to school yard fighting tactics to provoke nonsensical dialogue none of which will benefit Bermuda or Bermudians,” Premier Craig Cannonier said today [Mar 26]. The Premier was responding to statements by the Opposition earlier today, in which they expressed concern on “how so quickly things... Read more of this article

Attorney General Clarifies Motor Car Amendment

Attorney General and Minister of Legal Affairs Mark Pettingill today [Mar 26] clarified the Motor Car Amendment Bill, 2013. He said seniors are not able to apply for an exemption due to financial hardship. On 18 March 2013, the Motor Car Amendment Bill 2013 was debated in the House of Assembly. The Bill, as passed, provides for a 3% increase in the... Read more of this article