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Ramps Logistics wins judicial hearing for Guyana Local Content Certificate 

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Chief Justice Roxane George-Wiltshire S.C. ruled on Friday that the Minister of Natural Resources, Vickram Bharrat, and Director of the Local Content Secretariat, Dr. Martin Pertab, erred in their denial of a Local Content Certificate to Ramps Logistics Guyana...
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Local content earnings top GY$129 billion, over 350 certificates issued to suppliers

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Guyana’s Local Content Secretariat said Tuesday that it has granted Local Content certificates to 354 Guyanese suppliers, listed on its website. The coveted certification allows those suppliers to be treated with legally mandated preference by international oil companies (IOCs) and...
News

Extending transition period for compliance with Local Content law could foster more genuine partnerships – businessman

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While he agrees wholeheartedly with Guyana’s move to implement robust Local Content legislation, Chief Executive Officer (CEO) of Ascending Limited, Andrew Schnitzer da Silva, asserts that authorities may wish to consider extending the transition period for compliance beyond 2022....
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Government halts Ramps’ local content application pending outcome of criminal charges

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Head of the Local Content Secretariat, Martin Pertab, by way of an affidavit filed in court, revealed that the review of an application by Ramps Logistics Guyana for a Local Content Certificate has been halted. Pertab said this decision is...
News

TechnipFMC, Stena Drilling among 11 more companies to have local content master plans approved

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Eleven major oil and gas support service providers including TechnipFMC and Stena Drilling received the stamp of approval from the Local Content Secretariat for their five-year Master Plans. On October 19, the Minister of Natural Resources, Vickram Bharrat, met with...
Opinions

National transformation via local content requires diaspora engagement, education, trust, and capital

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By Dr. Carolyn Walcott and Dr. Terrence Blackman - OilNOW Guyana's oil fortunes are a gold mine with numerous opportunities for citizens to develop and deliver local content, essential goods, and services to support the oil and gas sector. However,...
News

Guyana’s largest shore base, sister company receive approval for Local Content Master Plans

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The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of...
News

Ramps at risk of losing US$25 million Exxon contract, laying off 100 workers without Local Content Certificate – court documents

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If Ramps Logistics Guyana Inc. is not granted a Local Content Certificate of Registration, it will likely lose significant contracts with major industry players like ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to court filings which form part of...
News

Ramps Guyana subsidiary talks up achievements ahead of court hearing for Local Content Certificate

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El Dorado Offshore (EDO), a subsidiary of Ramps Logistics Guyana Inc, proudly informed industry stakeholders in a press release that it has created more than 400 job opportunities for citizens. The affiliate company sees this as a noteworthy feat considering that it...
News

More investors flocking to Guyana since local content law enacted – Economist

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The provisions outlined in Guyana’s Local Content Act – a critical piece of legislation for the country’s booming oil sector took centre stage during Episode V of the Guyana Business Journal’s Transforming Guyana webinar on Wednesday. Since the law’s December 2021...
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Middle East tensions could lift Guyana’s oil revenues, but capacity risks remain – Orinoco Research

Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across...

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