Fugro to Perform Bahamas Oil Survey

By: - May 25th, 2011

Global oil services firm Fugro will perform a high-resolution seabed survey of the licence areas belonging to the Bahamas Petroleum Company. The company has already performed a two-dimensional seismic program of its licences, which cover 15,676 square kilometers. “We are pleased to have signed this contract with Fugro and look forward to receiving the results of the seabed survey in due course,” said Paul Crevello, CEO of the Bahamas Petroleum Company. [Freeport News]

Bahamas

Jamaican Economy to Grow 1 to 2 Percent

The Jamaican economy could grow between 1 and 2 percent his year, according to the Bank of Jamaica. The growth will be driven by extensions in agriculture, mining and quarrying, along with hotels and restaurants. “The Jamaican economy has started to show concrete signs of recovery,” said BOJ Governor Brian Wynter. “Interest rates are at […]

Bahamas

Bahamas, UAE Form Diplomatic Ties

The Bahamas and the United Arab Emirates have established diplomatic relations, the Bahamian Ministry of Foreign Affairs announced. The agreement was made in the form of a joint communique at the Permanent Mission of the United Arab Emirates in New York. The two nations could also look to cooperate on energy issues, along with tourism […]

Bahamas

Jamaica to Enter Medical Tourism Market

Reginald Budhan, permanent secretary of the Ministry of Industry, Investment and Commerce Jamaica intends to enter the multibillion-dollar medical tourism market, although at this time it lacks the required facilities to do so. One investor, however, the Hospiten Group, is considering building a 200-bed hospital in Montego Bay, which would cater to private clients and […]


Guyana Gets $26 Million in European Union Aid for Sugar Industry

Guyana, the largest sugar exporter in the Caribbean, will receive just under $27 million in aid from the European Union to help improve production in the country. The E.U. had previously chosen to cut import prices for raw sugar by as much as 36 percent, and the new aid came as part of an effort […]

Plans for $1 Billion in Chinese Funding for Caribbean

Eximbank China’s Export-Import Bank has plans to launch a $1 billion fund to invest in Latin America and the Caribbean, following several years of significant spending in the region. In 2009, China invested $7 billion in the region through private corporations on infrastructure projects ports and hotels. The investments were reported by Adam Wu, COO […]

Bahamas Petroleum Company, in Survey, Finds Supergiant Structures

Guyana, the largest sugar exporter in the Caribbean, will receive just under $27 million in aid from the European Union to help improve production in the country. The E.U. had previously chosen to cut import prices for raw sugar by as much as 36 percent, and the new aid came as part of an effort […]

Bahamas, Cuba Agree on Sea Border

Source: Nasa Visible Earth The Bahamas and Cuba have reached an agreement in principle regarding their mutual maritime border, according to Deputy Prime Minister and Minister of Foreign Affairs Brent Symonette. Setting the border was important due to the new importance of oil drilling in the Caribbean, although the Bahamian government has not yet said […]