AGP Executive Report
Last update: 6 hours agoOil Contract Tensions: ExxonMobil told investors Guyana’s Stabroek profit share will fall again as new offshore spending is added back into its recoverable cost bank, even after Exxon said it has fully recovered its US$55B investment—fueling renewed calls for ring-fencing and renegotiation ahead of further developments. Power Reliability Push: Kwakwani (Region Ten) is set for 24-hour electricity after an 800 kVA generator is commissioned, lifting capacity from 2.3 MVA to 3.1 MVA, with another 1.0 MW unit expected by January 2027. Energy Sector Compliance: The Guyana Energy Agency and GNBS, with fire and environmental agencies and LPG bottlers, completed LPG cylinder bulk transportation safety training to strengthen oversight across the supply chain. Infrastructure Theft: Police report 90 feet of copper cable stolen from the Bharrat Jagdeo Demerara River Bridge, valued at about GY$1.62M, after bridge lighting failed during Independence Day display. Maritime Accountability: The MV Barima Commission of Inquiry is expected to begin public hearings later this month, as government reiterates plans for financial assistance for victims’ families. Local Business Finance: Pas Cargo Guyana became the first private firm to secure an IDB Lab loan, marking a boost for non-oil private sector investment. Public Safety & Workplaces: Labour officials launched an investigation after a fatal Houston scaffold accident involving live GPL lines, while a separate probe continues after teens were arrested over a suspected air pistol. Diplomacy & Trade: China’s embassy rejected US criticism of Chinese-built Guyana infrastructure, as bilateral trade nears US$2.9B.
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.