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Third Local Content Summit billed for April 8 in Guyana

OilNOW -
The South American oil-producing nation of Guyana will host its third Local Content Summit on April 8, bringing together key stakeholders to enhance participation in the oil, gas, and non-oil sectors. The event is being organised by MBW in...
Opinions

Letter-to-the-Editor: The Local Content App is finally here

OilNOW -
Dear Editor, The Local Content Secretariat finally launched the Local Content App. Many people, including myself, have been waiting for this since the announcement was made last year. The Local Content App in my view, has now revolutionized how information...
News

Suppliers scope out potential opportunities at SBM Offshore’s Let’s Talk Local Content Forum 

OilNOW -
Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as the company outlined potential opportunities at its Let’s Talk Local Content Forum.  The event capped a week of oil and gas...
News

Local Content App unveiled, bringing opportunities to your fingertips

Shikema Dey -
The Local Content Secretariat (LCS) has launched the Local Content App, a digital tool designed to improve access to opportunities in Guyana’s oil and gas sector. The app provides real-time notifications on supply and job opportunities, making it easier...
News

Guyana’s local content app to be launched on Friday at major SBM Offshore supplier event 

OilNOW -
Guyana’s Local Content Secretariat (LCS) will launch its App on Friday, Feb 21, at SBM Offshore Guyana's Let's Talk Local Content forum. The event will cap off an exciting week of engagement on oil and gas activities at the...
News

UWI Law Dean warns against insufficient local content laws

OilNOW -
Dr. Alicia Roberts, Dean of the Faculty of Law at the University of the West Indies St. Augustine, cautions that poorly formed local content laws or policies can create major inefficiencies and delays in the oil and gas sector.  At...
News

Local Content Register tops 1,100 companies, US$743M spent in 2024 

OilNOW -
Guyana’s Finance Minister, Dr. Ashni Singh, revealed during the 2025 budget presentation last week that the Local Content Register now includes over 1,100 companies.  Dr. Singh reported...
News

Brazil enacts law enabling flexible local content policies in oil and gas

OilNOW -
The Brazilian government has enacted Law 15,075/2024, introducing significant changes to the regulation of local content and production sharing agreements in the oil and gas sector. Effective December 26, 2024, the law aims to boost investments and optimize the...
News

Regulator approves MODEC’s plan for local content in Guyana through 2028

OilNOW -
Guyanese regulators have approved MODEC’s Local Content Master Plan 2024-2028.  The plan outlines MODEC's push to integrate Guyanese companies and nationals into its operations for a five-year period. Procurement opportunities for Guyanese companies are already being unveiled, with about 32 announced...
News

Local Content Law not meant to protect poor services – Min. Bharrat to Guyanese businesses

OilNOW -
Minister of Natural Resources, Vickram Bharrat, emphasized that Guyana's local content legislation is not a shield for substandard services. Speaking at the Local Content Forum, Bharrat urged the private sector to focus on maintaining high standards. “The local content legislation...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana got US$225 million in oil sales revenue in February 

Guyana’s Natural Resource Fund (NRF) received deposits totaling US$225.75 million (G$47.07 billion) in February 2025. This amount represents payments...

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