Who is multisub Energy Limited?

Multisub Energy Limited is an independent oil and gas exploration and production company established in 2021, to develop, produce and operate Olure Field on PPL-218 with a Petroleum Prospecting Licence PPL-218 in a safe and environmentally sustainable manner for stakeholders’ benefit.

Is Cayman the perfect place to harness solar energy?

Significant improvements are being made in the solar energy industry every year and Cayman is the perfect location to harness the power of the sun. Solar energy can be harvested in two ways: solar photovoltaic (PV), which converts sunlight into electricity and solar thermal, which heats water.

What is Cayman's energy plan?

This plan, drafted in 2017 by Caribbean Utilities Company and approved by the regulator OfReg, aims to meet both the islands’ energy needs and the climate goals of the National Energy Policy, which called for 70% of Cayman’s energy to come from renewables within 20 years.

What does multisub do?

Multisub is engaged in the exploration, development and production of Oil and Natural Gas from Nigeria’s resource - rich Basin in the Niger Delta. Our approach leverages our core competencies, experience, and relationships to sustainably create value for our stakeholders. Highly experienced, competent, motivated management team and work force.

Will bioeq sell Cayman Islands?

Singapore. The company will sell Bioeq Energy Holdings One, Cayman Islands with its subsidiaries, step-down subsidiary companies and associate company for total consideration of $10 million (Rs 84.5 crore). The said transaction will be completed on or before 10 March 2025.

Is Cayman ready for renewables?

The goals to introduce renewables into Cayman’s energy mix are lofty but progress is slow. In 2019, CUC generated just under 700 gigawatts of energy, but only about 2.6% of that came from renewable sources.