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Guyana’s Local Content Registry up and running

OilNOW -
As required by Guyana’s Local Content Act, the Local Content Registry became operationalised on Tuesday afternoon. This portal compiles a list of suppliers from which goods and services may be procured, or as an individual seeking employment within the...
News

GY$20M set aside for establishment of Local Content Secretariat

OilNOW -
The Government of Guyana through the Ministry of Natural Resources has allocated and approved the sum of GY$20 million (US$100,000) to kick start the establishment of a Local Content Secretariat. This was announced by Minister of Natural Resources, Vickram...
News

As much as US$600 million could be delivered per year from local content targets, says Guyana VP

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo says the administration is leading from the front to ensure the country of just over 750,000 people benefit from the more than 10 billion barrels of oil equivalent resources which have been found...
News

Tristar appoints Joel Bhagwandin as Managing Director, says local content is key focus

OilNOW -
Tristar has appointed Joel Bhagwandin as its Managing Director. The company said Mr. Bhagwandin, who has held positions in banking and finance during his career in Guyana, is from the West Bank of Demerara which is the "fence line...
Opinions

CPSO’s threat to challenge Guyana’s Local Content Act

OilNOW -
Summary Based on the discussion and analysis contained herein, the CARICOM Private Sector Organisation (CPSO) appeared to be grossly misguided and thus its stance can be construed as being disrespectful to the Guyanese private sector and Guyana as...
News

Guyana Private Sector Commission says local content law not in violation of regional Treaty

OilNOW -
Guyana’s Private Sector Commission (PSC) said on Thursday that the country’s local content law does not violate the Revised Treaty of Chaguaramas, the central document which governs the establishment of the Caribbean Community (CARICOM). Members of the business service organisation...
News

Beharry says he fully supports Guyana’s local content legislation, denies being tasked with lobbying government for changes

OilNOW -
Guyanese businessman Suresh Beharry, Chairman of Edward B. Beharry and Company Limited, said on Thursday he fully supports the South American country’s Local Content Legislation and is in no way playing a role in lobbying the Guyana government for...
News

Whirlwind of condemnation from Guyana private sector over objections to local content law from regional group

OilNOW -
Private sector representatives in Guyana are outraged over a leaked email from Chairman of the CARICOM Private Sector Organization (CPSO), Gervase Warner, who is quoted as stating that Guyana’s Local Content Law contains several provisions that are in contravention...
News

Private sector to help mobilise financing for mega projects this year, Ali says at historic signing of local content bill

OilNOW -
President of Guyana, Dr. Mohamed Irfaan Ali on Friday assented to the landmark Local Content Bill 2021 at a simple ceremony held at the Office of the President in Georgetown. "It sets the framework for Guyanese to win, and that...
News

Guyana passes landmark local content bill

OilNOW -
Guyana’s long awaited local content legislation will soon be a reality after the landmark Local Content Bill 21 of 2021 was passed today in the National Assembly. The landmark bill paves the way for local companies and citizens to participate...
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Latest News

NewsShikema Dey -

Kuwait, Qatar, other long-established producers now trail Guyana in per capita oil output

Countries with some of the world’s most mature petroleum industries now rank behind Guyana in per capita oil production,...

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