AGP Executive Report
Last update: 10 hours agoOffshore Energy Push: Barbados has launched its 2026 offshore direct negotiations, offering 19 ultra-deepwater blocks and saying seismic work points to potential reserves of 13+ billion barrels of oil and 40+ trillion cubic feet of natural gas, with pre-qualification running until Sept. 1 and bidders expected to meet tougher climate and environmental standards. Energy Transition Debate: Acting PM Kerrie Symmonds says the renewable transition could cost more than US$2bn, while the Barbados Consumer Empowerment Network warns that rented diesel generation may stabilise supply but won’t deliver structural transformation without grid upgrades. Electricity Costs: BL&P says the Fair Trading Commission’s approval will mean a “modest” US$1.25 average monthly bill increase, likely not before September, tied to continued and expanded temporary generation. Food & Farming Support: A major farm support plan in Christ Church targets irrigation, pest control and farm theft, including new water mains for dozens of farmers. Food Security Investment: CARICOM private sector leaders say agriculture needs clearer, investor-ready business cases and logistics support to unlock private capital. Skills & Training: HEART/NSTA Trust digitised three Level Two TVET courses under a CARICOM pilot, expanding access via its Moodle platform. Tourism & Hospitality: Royalton Vessence Barbados officially opens on the Platinum Coast with a new adult-oriented all-inclusive concept, while LIAT Air and Air Caraïbes sign an interline deal to make Caribbean-Europe connections easier.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.