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It is now less risky to let experimental energy creators operate in Bermuda, a minister has said. Lindsay Simmons, the Junior Minister of Home Affairs, made the comments as the Senate passed legislation this morning allowing operators to develop new ...

Concerns a reform of Bermuda’s energy development structures could “open the floodgates” for outside companies have been played down by the Government. Walter Roban, the Minister of Home Affairs and Deputy Premier, told MPs yesterday that new measure...

Bermudian-based Golar LNG Limited, the owner of tankers that haul liquefied natural gas, has sold the Golar Tundra to Milan-based Snam Group for $350 million. The transaction saw Snam acquire 100 per cent of the share capital of Golar LNG NB 13 Corpo...

An environmentalist has said a regulatory sandbox for renewable energy technology in Bermuda has great potential for the island — but the right rules and regulations must be in place. Karen Border, executive director of the Bermuda National Trust, sa...

Belco has repeated warnings that roadworks in Devonshire and Smith’s are expected to cause traffic disruptions throughout the summer. According to a spokesman for energy provider Belco, trench work will start on Palmetto Road in Devonshire next Monda...

Legislation allowing inventors and entrepreneurs to develop new energy technologies in Bermuda was tabled in the House of Assembly last week. Walter Roban, the Deputy Premier and home affairs minister, said the Electricity Amendment Act would create...

Work to make Bermuda more sustainable will be highlighted by the Minister of Home Affairs at two conferences this month, a Government spokesman said. Walter Roban will represent the island at a Climate Change Summit from April 21 to 22 in the Turks a...

Bermudian-based Oil Casualty Insurance Ltd has reported a net loss of $37 million for the year November 30, 2021. Ocil is a Class 3B licensed insurer that provides various forms of coverage for a broad array of industries with a focus on the energy i...

Bermudian-based Oil Insurance Limited has reported a net profit of $667.5 million for 2021, which included a $266 million underwriting profit. That compares with a net profit of $466.5 million in 2020. The Oil board has approved the payment of a $350...

Regulators have scaled back an application by Bermuda’s main electricity producer to raise its base rate

In or around 1776, Paul Revere was cited as saying “The British are coming, the British are coming!!” There are some disputes as to whether it should be to him or someone else that those famous words are attributed. Yet, what is undeniable is that, ...

Gas and oil prices are set to increase because of the war in Ukraine, energy providers said yesterday. Wayne Caines, the president of Belco, said the company’s fuel adjustment rate, or FAR, will increase by the start of next month. He added that the ...