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T&T Energy Chamber develops new local content management system to track country’s progress

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Trinidad and Tobago’s Energy Chamber recognised, back in 2017, that the country lacked a proper system to accurately report and analyse the local content delivery of industry players operating there. Upstream operator companies have an obligation to report to the Ministry...
News

Companies with bundled services “will not be recognised or counted” – Local Content Secretariat

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Guyana’s Local Content Secretariat (LCS) is clamping down on contract bundling, with companies at risk of not being certified compliant with the law. In a statement on Friday, the LCS noted that companies were issued “a final caution” to desist...
News

Local Content Secretariat filtering all applications vigorously for schemers – Bharrat

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In the context of local content, “fronting” is a case where nationals may be listed as shareholders, executives, or management, without real participation in the strategic decision-making process of foreign companies. They may even have lower salaries than their...
News

30 contractors already registered on new local content opportunity portal

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Guyana’s Local Content Secretariat (LCS) has created a new portal to help streamline opportunities for locals available in the country’s oil and gas industry. The portal carries a similar interface to the Local Content Registry of local companies. According to...
News

Chamber taps gov’t for easier access to financing, strengthening local content law

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The Georgetown Chamber of Commerce and Industry (GCCI), led by President Timothy Tucker, met with Guyana’s Attorney General, Mohabir Anil Nandlall, Tuesday to discuss several legislative matters critical to the advancement of the businesses in Guyana. Of interest to companies...
News

Tucker says ‘contract bundling’ runs counter to spirit and intent of local content law

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Months after local content targets were enshrined in new legislation, the Guyana government is looking to remove obstacles to achieving the Local Content Act’s purpose. In some instances, government considers the bundling of contracts to be one of those...
News

Gap analysis needed to assess competencies of Suriname’s oil sector – T&T local content expert

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Head of Trinidad and Tobago’s Permanent Local Content Committee, Jemma Langley, Thursday advised Suriname to conduct a gap analysis. In the context of local content and the oil and gas sector, a gap analysis would measure the actual capacities and...
News

Ramps says will meet Local Content Secretariat’s reasonable demands

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Ramps Logistics says it will accede to document requests made by the Local Content Secretariat, in its bid to be placed on Guyana’s Local Content Register. It said this in a statement after receiving a letter from the Secretariat’s Director,...
News

Ramps may have made misleading submissions in breach of Local Content Act, could be fined GY$10M – source

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Ramps Logistics may have made misleading submissions in its application to be on Guyana’s Local Content Register, among several breaches of Guyana’s Local Content Act, OilNOW understands. The company has opened itself to a fine of GY$10 million, because of...
News

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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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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