November 18, 2020
THE STENA Icemax.
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An Andros bonefishing lodge’s co-owner yesterday said “a large dark cloud” that helped slash bookings by 30-40 percent has been removed with the failure to discover commercial oil quantities.
BAHAMAS Petroleum Company announced yesterday that it did not find commercial volumes of oil after drilling a well off Andros.
Environmental campaigners were celebrating this morning after Bahamas Petroleum Corporation announced it has ceased its drilling operations after having failed to find commercial volumes of oil.
A COALITION of environmental groups is urging the government to make public all documentation relating to Bahamas Petroleum Company’s exploratory oil drilling amid renewed calls to halt what they deem an “ill-conceived project” that threatens disaster.
Despite cries from environmentalists Bahamas Petroleum Company has pressed ahead with its oil excavation in Bahamian waters, confident its operations are covered by an iron-clad agreement which now leaves the Government and people of The Bahamas with no say.
THERE is growing opposition to oil drilling in The Bahamas as business leaders in the United States have called on government leaders to put a stop to it.
Bahamas Petroleum Company (BPC) yesterday warned against "making mountains out of molehills" after it was revealed the Government had refused to accept its payment of outstanding licence fees.
Oil exploration opponents yesterday seized on Bahamas Petroleum Company's (BPC) latest corporate filing to argue their assertion that it lacked sufficient funding for its first well had been proven correct.
A University of The Bahamas (UB) professor yesterday said that exploratory oil drilling is “absolutely against our best interest” as a country due to the nation's climate change vulnerabilities.
The Supreme Court refused to "stay" Bahamas Petroleum Company's (BPC) exploratory oil drilling because its opponents failed to give "a cross-undertaking" to cover potential losses from such delay.
A SUPREME Court judge yesterday granted environmentalists leave to begin judicial review proceedings over Bahamas Petroleum Company’s exploratory oil drilling.
Oil exploration opponents are arguing Bahamas Petroleum Company's (BPC) assertion that a mid-drilling halt will cause "unnecessary safety" risks is contradicted by its own environmental studies.
An oil explorer and its opponents have given sharply different versions of the Christmas Eve legal battle that set up today’s hearing on the Judicial Review challenge to halt its exploratory drilling.
BAHAMAS Petroleum Company has begun drilling its exploratory oil well, company officials announced on Monday. According to BPC, the well was ‘spud’ on Sunday December 20 at 06.30 EST and is anticipated to take 45 - 60 days to complete.
Environmental activists yesterday admitted they are seeking "a Christmas miracle" as the Bahamas Petroleum Company's (BPC) drilling ship closed in on the location for its first exploratory oil well.
The Bahamas Petroleum Company (BPC) fears it could suffer "up to $500m in economic harm" if environmental activists succeed with yesterday's legal bid to halt its oil drilling plans.
The oil exploration battle further heated up last night after Bahamas Petroleum Company (BPC) sought to discredit an activist petition by asserting just 20 percent of signatories were local.
THE Bahamas National Trust has declared it is “categorically opposed to oil exploration in The Bahamas.”
The 750-foot Stena IceMAX drill ship has sailed from the Canary Islands en route to Grand Bahama in preparation to drill an exploratory oil well off the coast of West Andros.
Environmental activists last night threatened to initiate legal action against the Government and Bahamas Petroleum Company (BPC) within 14 days unless the latter halts its oil exploration plans.