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Bahamas oil well creditors accept 84% debt hair-cut

Creditors owed a collective $11.3m for the drilling of an exploratory oil well in The Bahamas have agreed to accept a near-84 percent haircut on this debt, it was revealed yesterday.

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Oil opponents bid to end legal roadblock

Oil exploration opponents have offered to pay $100,000 to the former Bahamas Petroleum Company’s (BPC) attorneys, and narrow the scope of their Judicial Review, in a bid to remove all legal roadblocks.

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Govt challenged over BPC licence renewals

Environmentalists yesterday challenged the Minnis administration to make good on its pledge to bar oil drilling after the Bahamas Petroleum Company (BPC) revealed it will seek to renew its four licences.

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Activists alarmed over rise in BPC JV interest

The Bahamas Petroleum Company (BPC) yesterday alarmed environmental activists by indicating it has not given up on The Bahamas following a surge in interest from potential joint venture partners.


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