Bahamas Petroleum Company PLC has said that it has agreed to the terms of a license renewal addendum in relation to its four southern licenses in The Bahamas, a move that should help with its attempts to find farm-in partners, and would also be focusing its broader efforts on areas where it has drill-ready prospects.

The extension of licenses for Bahamas Petroleum Co and the affirmation of Caribbean Development Bank's AA credit rating top the news in The Bahamas at the start of the week. Watch the ZNS Network news report here.