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City Chamber says ‘rent-a-citizen’ tactics run counter to local content law

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) says disapproves "rent-a-citizen" and "fronting" tactics potentially being used by companies operating in Guyana's oil and gas sector, because such tactics run counter to the spirit of Guyana's local content legislation.  In...
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Ramps says legal action on the cards over local content spat

Kemol King -
Ramps Logistics’ chief executive, Shaun Rampersad came out in defense of the efforts it made to receive a Guyana local content certificate, including divestment of 51% of the company to a man with Guyanese citizenship named Deepak Lall. This...
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Gov’t unhappy with slow progression of CGX’s Berbice Deep Water Port

Shikema Dey -
The massive deep-water port being constructed by CGX Energy in Guyana means major development for the county of Berbice. But recently, the pace at which the project is being developed has become a concern for the government. Minister of Natural...
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Pan-Caribbean group offers solution to financing gap between Guyanese, foreign companies

Kemol King -
It is no secret that Guyanese companies are largely unaccustomed to making the scale of investments needed to provide services to the still burgeoning oil and gas sector. After all, the development cost for just one of ExxonMobil’s offshore...
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Eni hits first gas at floating LNG plant offshore Mozambique

OilNOW -
Eni’s massive liquefied natural gas (LNG) floater docked offshore Mozambique has achieved first gas, adding the southeastern African nation to the list of LNG producers. “Following the introduction of gas in the plant, the Coral Sul FLNG will now be ready to achieve...
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No gas production ramp up in T&T anytime soon, outlook grim – Ramnarine

OilNOW -
Trinidad and Tobago Prime Minister, Dr. Keith Rowley has signaled the twin island Republic’s intention to boost its natural gas production significantly before the end of this year. But the possibility does not exist, according to the former Minister...
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Exxon gets 25% stake in JV for Qatar’s mega LNG project

OilNOW -
QatarEnergy is pressing full steam ahead with the development of its mega North Field East (NFE) project. Recently, it finalised an agreement with ExxonMobil that will see the oil major getting a 25% stake in a joint venture, in which...
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Argentina orders 400-mile gas pipeline on path to ‘energy sovereignty’

OilNOW -
Energía Argentina, Argentina’s state hydrocarbon developer, said it signed a contract with SIAT S.A. last Thursday for the provision of pipes for the President Néstor Kirchner Gas Pipeline and its complementary works. The contract consists of a purchase of 582 kilometers (362 miles)...
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Business group says it fully supports ‘strong action’ against companies skirting local content law

OilNOW -
Guyana’s Private Sector Commission said on Wednesday that it supports the government taking “strong action” against companies trying to circumvent the Local Content Act. The Act was passed in December, and contains provisions aimed at increasing Guyanese participation in the oil...
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Ramps fails in bid to operate as local company, says it ticked all the boxes

OilNOW -
Ramps Logistics Guyana Inc. has brought forward a claim that the company was denied its Local Content certification even though it met all the requirements set. “The recently passed Local Content Act stipulates that a company must have a local content certificate...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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