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Exxon-led consortium’s next challenge in Guyana is local content

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The following is an opinion piece by David Blackmon, an independent energy analyst/consultant based in Mansfield, TX., published in Forbes on February 13, 2021.  The question of local content inevitably becomes a significant factor anytime oil companies move into a...
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Guyana Shore Base local workforce at 95%, large tenders to go out soon

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Guyanese now comprise 95 percent of the staff at the Guyana Shore Base Inc. (GYSBI) and companies from the South American country now make up 80 percent of the operation’s supplier base. The company, which operates from Houston, East Bank...
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Participants told over $70 billion spent on local companies at opening of Exxon’s Supplier Forum

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The Centre for Local Business Development on Monday opened its Virtual Guyana Supplier Forum which is geared towards increasing the participation of local companies in the oil and gas supply chain. Addressing the opening of the Forum, which was held...
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Guyana oil and gas potential ushering in new era of partnership, development

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The emergence and fast-paced development of Guyana’s promising oil and gas sector has had a positive impact on and been a catalyst for international partnerships between local and foreign businesses. These partnerships are resulting in employment and capacity building...
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Guyana to be centre of drilling activity in ‘great ramp up’ of this decade – Kevin Ramnarine

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New oil producer Guyana is on an unprecedented growth trajectory that will see a rapid increase in aggregate demand for goods and services in the economy this decade which means the South American country must ensure it has the...
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ExxonMobil says it remains committed to producing national resource with local workforce

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US oil major ExxonMobil said it remains committed to working with local companies in Guyana to help build their capacity so that they can better serve the growing needs of the country’s emerging oil and gas industry. The company began...
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Guyana approves ExxonMobil’s 220,000 bpd Payara Development, company moves to FID

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The Guyana Government on Wednesday announced the approval of the 220,000 bpd Payara Development - ExxonMobil’s third project offshore the South American country, paving the way for the company’s Final Investment Decision (FID). The $9 billion development, targeted for start-up...
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Guyanese business operators taking risks, building capacity for emerging oil and gas industry

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Guyana is on a rapid journey to becoming one of the top oil producers in the Latin America and Caribbean region, going from no known resources just five years ago, to having more than 8 billion barrels of oil...
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ExxonMobil Guyana workforce expands; over GY$14B spent locally in first half of 2020

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ExxonMobil Guyana said on Wednesday more than 2000 Guyanese are supporting its operations in the South American country, representing 55 percent of the total workforce. The company said its direct workforce grew to 155, more than 50 percent of which...
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Business Chamber bids farewell to ExxonMobil Guyana President

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The Georgetown Chamber of Commerce and Industry (GCCI) on Thursday bid farewell to President of ExxonMobil Guyana, Rod Henson, who will be leaving to take up a new post in Houston soon. GCCI members joined the event virtually at which...
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Platts to launch assessment of Guyana’s Golden Arrowhead crude on Aug. 4

Platts, the pricing benchmark unit of S&P Global Commodity Insights, will start publishing a daily assessment of Guyana’s Golden...

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