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No need for Guyana, Trinidad to be at each other’s throats about local content laws – Rowley

Kemol King -
Prime Minister of Trinidad and Tobago, Dr. Keith Rowley said there is no need for his government and Guyana’s to be at each other’s throats about Guyana’s new local content laws. “What the government of Trinidad and Tobago tried to...
Opinions

Guyana – The local content spat – dangers of inattention

OilNOW -
By Wilberne Persaud - OilNOW A few weeks ago, a regrettable faux pas pushed Guyana’s Local Content Policy (LCP) into news headlines across the region. The Act seeks reasonable retention of benefits generated by activity in the oil sector for Guyanese...
News

Local content doesn’t mean automatic benefits, Guyanese must become competitive, says economic specialist

OilNOW -
Guyana’s Local Content Act mandates quotas for the participation of Guyanese workers and businesses in various oil-related sectors, which gradually increase over the years. Executive Director at the Georgetown Chamber of Commerce & Industry, Richard Rambarran said when one looks...
Opinions

On refining the trajectory of Guyana’s local content requirements

OilNOW -
Dr. Terrence Richard Blackman - OilNOW On February 15th - 18th, 2022, an International Energy Conference & Expo: Charting a Sustainable Energy Future was held at Guyana's Marriott Hotel. One highlight of the meeting was the panel discussion on Guyana's...
News

ExxonMobil’s local content investment now over US$600M since 2015

OilNOW -
The development of ExxonMobil’s projects and continued exploration success in the Stabroek Block is pushing the steady advancement of local capabilities and enhanced economic growth in Guyana. In a press release on Monday, ExxonMobil revealed that since 2015, it has...
News

Local content advocate, Timothy Tucker, re-elected to head Georgetown business chamber

OilNOW -
Businessman, Timothy Tucker, was on Friday re-elected to the presidency of the Georgetown Chamber of Commerce and Industry (GCCI), an association which represents about 550 businesses. Tucker is the owner of Rid-O-Pes, a pest control company. His re-election occurred at...
News

Local content not designed to hinder foreign investment; come partner with Guyanese – Bharrat

OilNOW -
Natural Resources Minister in Guyana, Vickram Bharrat, said that the Local Content Act 2021, passed into law in December last year, is not designed to hinder foreign investment. “I know there are many questions regarding the local content legislation… whether...
News

T&T local content policy more “deadly” than Guyana’s; “illegal” trade barriers should be removed – Guyanese business exec

OilNOW -
Following criticism of Trinidad and Tobago’s trade barriers against Guyana by President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, an executive of another Guyanese business service organization, the Guyana Manufacturing and Services Association (GMSA) has...
News

Guyana will not be bullied on Local Content Policy – VP Jagdeo

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo has indicated that the government will not be moved to weaken in any way, shape, or form, the powers enshrined in the new Local Content law which seeks to protect the rights of...
News

Local Content Secretariat inviting stakeholders to report grievances

OilNOW -
In seeking to understand the concerns of stakeholders when it comes to local content, Guyana’s recently established Local Content Secretariat has developed a grievance redress mechanism. Found on the website of the Secretariat, it is highlighted that the input...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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