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Suriname’s Local Content board moves to accelerate stakeholder coordination toward 2028 first oil

OilNOW -
PARAMARIBO, SURINAME – With 2028 first oil in focus, Suriname’s Local Content Board (LCB) has set its sights on strengthening coordination and tackling regulatory bottlenecks affecting project execution. Earlier this week, the board met with industry and government stakeholders, including...
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GRA, Local Content Secretariat clamping down on ‘rent-A-citizen’ practices in Guyana – Natural Resources Minister 

OilNOW -
The Guyana Revenue Authority (GRA) and the Local Content Secretariat are upping their enforcement of “rent-a-citizen” practices designed to bypass the country’s Local Content Act (LCA). This is according to Minister of Natural Resources Vickram Bharrat, speaking exclusively with...
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SBM Offshore, Local Content Secretariat push transparency and digitization at ‘Let’s Talk Local Content’ forum

Shikema Dey -
Transparency, access and supplier readiness were at the center of discussions on Thursday when industry and government officials addressed the ‘Let’s Talk Local Content’ forum.  The forum was held on day three (February 19) of the Guyana Energy Conference and...
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ExxonMobil local content payments hit US$3.6B overall; US$700M in 2025 alone – Routledge 

Trichell Sobers -
ExxonMobil Guyana has spent more than US$3.6 billion (approx. GY$750.6 billion) with local suppliers to date, with a record US$700 million (approx. GY$145.95 billion) paid in 2025 alone, President Alistair Routledge announced on day 2 of the Guyana Energy...
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Guyana moves to wipe out local content certification backlog with digital portal

OilNOW -
Guyana’s Ministry of Natural Resources, through the Local Content Secretariat, has launched its online portal to speed up local content certification and reduce delays, as the government seeks to improve efficiency in the oil and gas supply chain. Michael Munroe,...
News

Guyana’s local content legislation spurring broader compliance beyond oil sector, minister says

OilNOW -
Guyana’s local content legislation, originally crafted for the oil and gas industry, is influencing investor behaviour across other sectors of the economy, Natural Resources Minister Vickram Bharrat said on Tuesday, February 10. The Local Content Act, legislated at the end...
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Guyanese businesses cash in millions from offshore catering, construction and engineering through Local Content – Finance Minister 

OilNOW -
Guyana’s Local Content Act (LCA) continues to create opportunities for domestic businesses, with millions earned by Guyanese firms in offshore catering, construction, and engineering in 2025. This is according to Finance Minister, Dr. Ashni Singh.  To date, over 1,200 Guyanese...
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Providing engineering, machining services for O&G vessels could drive major skills gains for Guyanese — Local Content Secretariat

OilNOW -
Engineering and machining services linked to petroleum service vessels could deliver significant skills transfer and investment opportunities for Guyanese if formally aligned with the Local Content Act. This is according to Director of the Local Content Secretariat, Michael Munroe. Earlier...
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T&T can learn from Guyana’s local content development – Ramps Logistics CEO 

OilNOW -
Trinidad and Tobago can strengthen its local talent base by studying how Guyana has implemented its local content framework, according to Ramps Logistics Chief Executive Officer, Shaun Rampersad. Rampersad made the comments during a recent interview with the Business Guardian,...
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33% of Guyanese in oil and gas sector hold professional roles; 18% in technical jobs – Local Content Secretariat 

Trichell Sobers -
Approximately 33% of Guyanese employed in the country’s oil and gas sector hold professional-level positions, while about 18% work in technical or associate professional roles, according to data from the Local Content Secretariat. The figures were disclosed to OilNOW by...
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NewsShikema Dey -

US$100 per barrel scenario would ‘remove any remaining hesitation’ and speed up Guyana project sequencing – Rystad Energy says

Artem Abramov, Head of Oil and Gas Research at Rystad Energy, said a US$100-per-barrel oil environment would make companies...

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