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Bahama Bay Recent Stories and News Bahamas The Bahamas is in the process of overhauling key legislation regarding the operations of its central bank and companies in the financial industry, aiming to increase efficiency in the banking sector and meet international standards of governance and transparency. Read more... Bahamas suspends new oil exploration licenses The Bahamas' government says it will not consider new oil exploration or drilling applications for the vast archipelago's waters until a "very stringent" environmental framework can be put in place. Read more... Cal Dive Awarded Contract In Freeport, Bahamas Cal Dive International, Inc. announced today that it has been awarded a contract for removal of a large jetty and installation of a new platform and eleven pipelines in Freeport, Bahamas Read more... Bahamas stops permitting wells BP's Macondo oil spill in the deepwater Gulf of Mexico has spurred the nearby Bahamas Islands to put a halt to consideration of oil exploration drilling in its waters ... Read more... Bahamas Bans Offshore Drilling The Public is advised that The Ministry of The Environment has suspended consideration of all applications for oil exploration and drilling in the waters of The Bahamas. Read more...