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Bermudian-based Frontline Ltd, the oil-shipping company, has reported a net loss of $33.2 million for the third quarter. The company reported an adjusted net loss of $35.9 million in the set of unaudited results released today. Total operating revenu...

Markets have improved in the fourth quarter, the leader of Bermuda-based Nordic American Tankers Ltd has told shareholders and investors in the oil tanker company. Herbjorn Hansson said that tanker markets have been down in 2021, including in the thi...

Stonepeak, the New York-headquartered alternative investment firm, is to acquire Bermuda-based Teekay LNG Partners LP in a $6.2 billion transaction. Under the agreement and plan of merger entered into by the parties, investment vehicles managed by St...

Bermuda-based Avance Gas Holding Ltd has entered into three time charter agreements. The company, which is engaged in the transportation of liquefied petroleum gas, said the agreements are for a period of two years at an average hire level of approxi...

Bermuda-based Borr Drilling Ltd. last week reported a loss of $46.7 million in its fourth quarter. On a per-share basis, the company said it had a loss of 22 cents. The Associated Press said The oilfield services company posted revenue of $60.2 milli...

About four barrels of heavy fuel oil has leaked from a pipeline at the Sol Petroleum terminal in St George’s. A spokesman for the company said it shut down the pipeline as soon as the leak was discovered at about 8am on Tuesday and sent in its incide...

Nearly 20,000 gallons of gasoline was spilt in a leak at the Rubis terminal in St George’s last week, the company has confirmed. Three government ministers and Michael Dunkley have been briefed by Rubis officials on site. In a statement issued yest...

A fuel leak for which two international environmental specialists have been brought to Bermuda has been stopped, a St George’s MP has confirmed. The spill at the Rubis facility on Ferry Road was reported to the Ministry of the Environment on Tuesday...

Rubis Energy Bermuda is buying Bermuda Gas in a $17.7 million deal. Almost a year after Bermuda Gas exited its retail appliances business, the company is set to change hands. There will be no job losses. Rubis is the island’s leading importer of prop...

David Rose, the former managing director of Rubis, got in on the ground floor — and pumped gas for more than a year on his way to the top of the firm. Mr Rose, whose retirement was announced this week, joined predecessor Shell as its first Bermudian ...

(Bloomberg) — Gulf Keystone Petroleum Ltd returned all key foreign staff to Iraqi Kurdistan and will increase output after US air strikes eased the militant threat that prompted a mass evacuation of expatriate oil workers. The explorer is on target t...