Showing results for:

News

Ramps says legal action on the cards over local content spat

Kemol King -
Ramps Logistics’ chief executive, Shaun Rampersad came out in defense of the efforts it made to receive a Guyana local content certificate, including divestment of 51% of the company to a man with Guyanese citizenship named Deepak Lall. This...
News

Business group says it fully supports ‘strong action’ against companies skirting local content law

OilNOW -
Guyana’s Private Sector Commission said on Wednesday that it supports the government taking “strong action” against companies trying to circumvent the Local Content Act. The Act was passed in December, and contains provisions aimed at increasing Guyanese participation in the oil...
News

Guyana mulls court action against companies trying to bypass local content laws

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo says the government is mulling court action against international firms which are trying to circumvent local content laws. “A lot of foreign companies are trying to beat the law,” the Vice President highlighted during...
News

Leading by example, ExxonMobil’s local content centre now ISO 9001 certified

OilNOW -
The Centre for Local Business Development (CLBD) has been making strides over the years to grow with Guyana's nascent oil and gas sector and now, the Centre has been ISO 9001:2015 certified. The Centre's journey to ISO 9001 began back...
News

IHS Markit applauds local content law, as Guyanese go after billions in oil investments

OilNOW -
IHS Markit said Guyana’s government should be lauded for successfully avoiding over-demanding or unrealistic targets that would delay investment before developing expertise in measuring and coordinating industrial development actions. This comment comes as locals go after billions in investments being...
News

Guyana to conduct national year-end capacity assessment to update local content law – Bharrat

OilNOW -
Guyana will be undertaking a review of its local capacity in support of oil and gas operations by the end of 2022 to determine whether the 40 schedules outlined in the Local Content Policy need to be adjusted. “This will...
News

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...
1...101112...157Page 11 of 157

Latest News

NewsOilNOW -

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...

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