Showing results for:

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...
News

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...
News

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...
News

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,...
News

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...
News

Cabinet review next step for Guyana’s expanded Local Content list covering 20+ new areas

Trichell Sobers -
Proposed amendments to Guyana’s Local Content Act are awaiting policy-level consideration, following a broad stakeholder consultation process that included ExxonMobil Guyana and major oil and gas contractors, according to Director of the Local Content Secretariat, Michael Munroe. Speaking exclusively with...
News

Data review guides next phase of local content expansion, Director says

OilNOW -
Guyana’s Local Content Secretariat is conducting a data-driven review of the Local Content Act, which could expand participation across additional sectors, based on spending patterns already observed in the oil and gas industry. Local Content Secretariat Director Michael Munroe said...
News

Online portal to centralize Guyana’s local content certification applications this January 

OilNOW -
The Ministry of Natural Resources, through the Local Content Secretariat, is preparing to launch a new online portal for handling local content certification applications, marking a shift away from paper-based and fragmented submissions. The portal is expected to go live...
Rules of the Game

Local Content in Suriname: What the law already says and what to expect next

Işıl Güneş -
PARAMARIBO, SURINAME – When offshore oil is discovered, the first question for Surinamese citizens is often simple: what will they get out of it? Local content has become the shorthand answer for every country. It refers to jobs for...
News

Guyana government sets firm January 2026 deadlines for local content approvals

OilNOW -
The Ministry of Natural Resources has announced a new fixed timeline for reviewing and approving local content certification applications. The update, released through the Local Content Secretariat today, takes effect in January 2026. The move forms part of President Irfaan...
123...169Page 1 of 169

Latest News

NewsOilNOW -

Guyana license expands TotalEnergies exploration pipeline

TotalEnergies said in its fourth-quarter 2025 earnings report released on February 12 that a newly signed petroleum license offshore...

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.

Quick Access

Company Info

Social Networks