UNDETERRED: Oil company still views Bahamas as ripe for investment after judicial review discontinued

NASSAU, BAHAMAS — Challenger Energy’s chief executive said the company’s confidence in The Bahamas as a reliable investment location has been reinforced after an environmentalist-driven judicial review was discontinued in court. The Supreme Court last week endorsed a consent order that effectively brought to an end a judicial review of the government’s approvals to the […]

THE NEXT CHAPTER: BPC raises near US $10M as company officially rebrands as Challenger Energy

NASSAU, BAHAMAS — Bahamas Petroleum Company (BPC) yesterday announced that it has officially changed its name to Challenger Energy Group PLC, a move that coincided with the company raising nearly $10 million through a share offering. According to the company, the name change was legally adopted yesterday as the result of its expanding commercial portfolio, […]

MIND YOUR BUSINESS: BPC fires back at “unsolicited foreign advice” to govt over license extension

NASSAU, BAHAMAS — Bahamas Petroleum Company (BPC) has fired back at a US-based non-profit that recently asserted the Bahamian government has full legal authority to deny the Bahamas Petroleum Company’s (BPC) request to review its licenses. BPC said in a statement yesterday it is “entirely spurious for foreign environmental groups to offer unsolicited legal advice […]

CHALLENGED: Govt has “legal authority” to deny BPC license renewal, says US non-profit

Earthjustice: Denying BPC not only within lawful authority of The Bahamas but also consistent with govt’s public opposition to oil drilling NASSAU, BAHAMAS — A US-based non-profit specializing in environmental law, Earthjustice, has asserted that the Bahamian government has full legal authority to deny the Bahamas Petroleum Company’s (BPC) request to review its licenses. The […]

SEEKING CLARITY: Oil drilling opponents claim BPC owes govt for license fees; call on company to clarify

BREEF head: BPC must sort out license fees before applying to renew But BPC new incoming CEO says oil company has “the right to extend” its licenses NASSAU, BAHAMAS — Oil exploration opponents have called for “clarity” of Bahamas Petroleum Company’s (BPC) license fees, while “vehemently” rejecting assertions by its chief executive that the company […]

BYE-BYE, BPC: Lombard Odier reportedly ditches £11M stake in Bahamas oil exploration project

NASSAU, BAHAMAS — As The Bahamas Petroleum Company (BPC) undertakes a “reset” and changes its name to Challenger Energy Group, PLC, one of its financiers has reportedly divested itself entirely of its stake in its Bahamas oil exploration project. According to a Responsible Investor report, Lombard Odier Investment Management (LOIM) has divested an £11.25 million […]