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TT business group distances self from director’s comment on Guyana local content law

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On the heels of comments from Trinidadian business strategist Jaishima Leladharsingh, who criticised Guyana’s local content law, the business group he directs, the Trinidad and Tobago Coalition of Services Industries (TTCSI), has distanced itself from the assertions. In a statement to the...
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‘TT companies will move to Suriname if Ramps doesn’t get local content certificate’ – Trini business strategist

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If Guyana fails to grant Ramps Logistics a Local Content Certificate to operate within its oil sector, Trinidad and Tobago companies will take their business elsewhere, to neighbouring Suriname. This was communicated by a T&T business strategist – Jaishima Leladharsingh –...
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246 businesses already armed with Local Content certificates

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President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker has praised the country’s Local Content Legislation as being simple, transparent, and equipped with several mechanisms to flush out non-compliant actors. During a radio interview last week, he...
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Guyana local content regulator mulling guidelines to end ‘fronting’ in joint ventures

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The Local Content Secretariat (LCS) is seeking to draft guidelines that will signal clearly, how joint venture partnerships will be deemed genuine. Noting this recently was the President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker. Director...
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SBM Offshore is first major Exxon contractor to receive approval for local content master plan

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SBM Offshore is the first prime contractor of ExxonMobil Guyana to receive its Letter of Approval for its Local Content Master Plan, 2022. Halliburton was the second company to receive this letter followed by CGX Energy Inc. The Ministry of...
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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...
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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...
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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...
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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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