AGP Executive Report
Last update: 6 hours agoEnergy & Investment: Barbados is moving toward offshore oil and gas exploration, with Acting Prime Minister Kerrie Symmonds saying drilling could start as early as next year. The 2026 Offshore Direct Negotiations Programme will license 19 offshore blocks, aiming to boost national revenue, strengthen energy security, and cut reliance on imported fuel. Power Costs: The Fair Trading Commission’s approval will mean a “modest” $1.25 rise in the average monthly electricity bill for BL&P customers, with any impact expected no earlier than September. BL&P says the ruling covers recovery of temporary generator costs already in use and adds extra capacity to support reliability through 2027. Tourism & Hospitality: Royalton Vessence Barbados has officially opened on the Platinum Coast as Royalton’s first Barbados property and the global debut of its Vessence concept, positioning the adult-oriented resort around wellness, culture, and immersive stays. Regional Tourism Push: Caribbean Week in New York 2026 is underway, with CTO-led discussions focused on connectivity, resilience, and keeping the Caribbean competitive. Aviation Connectivity: LIAT Air and Air Caraïbes have signed an interline agreement to let travellers book smoother connections on one ticket, with luggage checked through to the final destination. Labour Market Transparency: Opposition Senator Ryan Walters is urging Government to publish where Barbados faces labour and skills deficits to guide better decisions on imported labour. Sports Hosting: Cricket West Indies has confirmed Barbados will host the final two ODIs of the 2026 home series against New Zealand, in a Guyana-Barbados cost-sharing arrangement. Hurricane Preparedness: Barbados Meteorological Services is warning that even with forecasts of a quieter season, rapid intensification means residents should not lower their guard.
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