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Guyana’s Local Content law intelligently crafted for win-win scenarios – Economist

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Although Guyana’s Local Content legislation prioritises the use of locals across 40 categories of work such as rentals, security, transportation, and catering, it still does not block the participation of foreign entities. It is this intelligent craftsmanship of the...
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Energy strategist urges Guyana to exercise caution in granting local content waivers

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While Guyana’s Local Content legislation allows the subject minister to grant waivers to companies that encounter difficulties in meeting agreed targets for use of Guyanese goods and services, Energy Strategist, Anthony Paul says great care must be taken in the application...
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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,...
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Stories Beyond the BarrelShikema Dey -

Kavita Khan: Driving finance in Guyana’s oil sector

For Senior Accountant Kavita Khan, TechnipFMC first caught her attention through a presentation. “One of the managers… was going...

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