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Proposed local content targets adjusted as landmark bill laid in Parliament

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The Government of Guyana is proposing to have local companies and citizens participate in no less than 40 critical areas in the oil sector as opposed to the previously recommended 153 categories. In the Local Content Bill 2021 that was...
News

Local Content Bill closes door to imposters/schemers with clear definition for “Guyanese company”

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Guyana’s Local Content Bill 2021 which was tabled in the National Assembly on Thursday has offered several protective measures that close the door to imposters or schemers seeking to amass fast wealth in the sector. One of those measures...

Local Content Bill 2021

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News

Guyana proposes creation of Local Content Register of qualified persons, companies to keep corruption at bay

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Due to the billions of dollars at stake in the procurement of oil and gas contracts, the PPP/C Government is proposing to have a Local Content Register of qualified nationals and companies so as to keep schemers of the...
News

Guyana setting up framework to monitor local content compliance, says finance minister

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Guyana’s Finance Minister Dr. Ashni Singh said the government’s new local content bill, scheduled to be tabled in the national assembly today, makes provisions for the establishment of a local content secretariat, which will be responsible for managing compliance...
Opinions

A look at Guyana’s local content requirements

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By Terrence R. Blackman, Ph.D. – OilNOW On December 16, 2021, the Guyanese National Assembly will consider the proposed Local Content Laws to integrate Guyanese into the country's emerging oil and gas industry. The goal of Guyana's local content policy...
News

Local content legislation, NRF amendments to be laid in parliament on Dec. 16 – VP confirms

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Guyana's Vice President Dr. Bharrat Jagdeo has given confirmation that the amendments to the Natural Resources Fund (NRF) and the local content Bill will be tabled in the National Assembly next week Thursday, December 16. The Vice President confirmed...
News

Ghana provides more support to Guyana on its wealth fund, local content legislation

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Fruitful discussions continue between Guyana and the West African nation of Ghana. The two countries held a meeting this week to press on with a joint consultation on Guyana’s Natural Resources Fund (NRF) and its highly anticipated local content...
News

Expert urges closer examination of draft local content policy, says oil companies compelled to act responsibly

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While the Guyana government is being commended for moving forward with a framework to ensure benefits to locals are maximised from the country’s vast oil and gas resources, one expert says it must be conscious of ensuring the Local...
News

Ghana team begins analysis of Guyana’s draft Local Content Bill

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Guyana’s Attorney General and Minister of Legal Affairs, Mohabir Anil Nandlall S.C on Tuesday met with the Ghanaian delegation to share expertise and critically analyze Guyana’s draft Local Content Bill. At the meeting which took place at the AG’s Chambers...
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Two oil nations, one engineering crisis: Guyana short, Trinidad shrinking

The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and...

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