Guyana’s historic Local Content Bill 2021 has outlined several penalties for persons who are found to be in breach of its provisions. The Bill notes that a person who carries out petroleum operations without the minimum local content requirement...
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...
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...
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...
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...
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...
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...
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...
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...
