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A US energy tycoon at the centre of a shareholder storm spent more than $30 million on Bermuda homes to which he and his family fly by corporate private jet. Aubrey McClendon is the CEO of Chesapeake Energy, the second-largest US natural gas producer...

Friday June 8 is World Oceans Day and Bermuda has so much to celebrate: Our reefs are among the healthiest in the world, our turquoise ocean and pink beaches are the bedrock of our tourism industry and the sea is the foundation of our community and o...

Bermuda Air Conditioning Ltd says it’s concerned about Ascendant Group subsidiary inVenture’s takeover of Air Care. However, another Air Care rival, GSC Ltd, said the acquisition was a clear sign of the tough economic times in Bermuda, and it welcome...

Bermuda-based Seadrill Ltd announced net income of $439 million for the first quarter and comfortably beat Wall Street’s expectations. Earnings per share for the oil and gas rig operator were 89 cents per share, beating analysts’ projections by a ful...

A one-year study has confirmed Bermuda is capable of drawing a significant portion of its energy from the ocean. According to local firm Triton Renewable Energy Ltd, the findings from a marine monitoring buoy open the way for “informed development” o...

Bermuda-domiciled drilling contractor Nabors Industries Ltd hopes to raise at least $800 million by selling off non-core assets. In a regulatory filing yesterday, Nabors, which is run from Houston, Texas, detailed plans to shed oil and gas properties...

A proposal by Belco to raise electricity rates was slashed by the Energy Commission. The company had asked for base residential rates to be increased by 3.5 percent every year until 2014 the Commission approved an increase only for usage over 700 kWh...