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Business groups applaud Guyana government for landmark local content bill
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Business groups applaud Guyana government for landmark local content bill

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Maersk Invincible sets new speed record for development well drilled by a jack-up
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Maersk Invincible sets new speed record for development well drilled by a jack-up

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Local Content Bill proposes GY$50 million penalty for companies’ failure to meet minimum targets
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Local Content Bill proposes GY$50 million penalty for companies’ failure to meet minimum targets

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Proposed local content targets adjusted as landmark bill laid in Parliament
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Proposed local content targets adjusted as landmark bill laid in Parliament

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Local Content Bill closes door to imposters/schemers with clear definition for “Guyanese company”
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Local Content Bill closes door to imposters/schemers with clear definition for “Guyanese company”

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Kawa-1 well costs to climb by US$45M as drilling time takes longer than projected
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Kawa-1 well costs to climb by US$45M as drilling time takes longer than projected

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New wealth fund bill seeking to establish 9-member committee, down from 22
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New wealth fund bill seeking to establish 9-member committee, down from 22

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Guyana proposes creation of Local Content Register of qualified persons, companies to keep corruption at bay
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Guyana proposes creation of Local Content Register of qualified persons, companies to keep corruption at bay

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Builder of Guyana FPSOs celebrates five years in new oil province
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Builder of Guyana FPSOs celebrates five years in new oil province

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Simpler withdrawal rules to be put in place for Guyana’s wealth fund – Finance Minister
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Simpler withdrawal rules to be put in place for Guyana’s wealth fund – Finance Minister

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OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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