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Guyana must accept it has crucial skills shortage for oil sector; temper local content expectations – Greenidge

OilNOW -
The reality facing Guyana, the world’s most envied deepwater exploration hotspot, is that it suffers from a crucial shortage of skills required for the oil sector. It must therefore temper its expectations as it seeks to lay down the...
News

Local content to remain at forefront of agenda, says newly elected GCCI President Timothy Tucker

OilNOW -
The newly elected Council of the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana held its first Statutory Council Meeting on Tuesday and elected a new Executive Management Committee (EMC) for the year 2021/2022. This saw former Vice...
News

Local content commission could ensure Guyanese are not being hoodwinked – Timothy Tucker

OilNOW -
Senior member of the Georgetown Chamber of Commerce and Industry (GCCI) Timothy Tucker says several of the factors that constitute what a local business is should be strengthened in the context of Guyana’s revised draft local content policy and...
Opinions

Local content and immigration in Guyana

OilNOW -
By Steven Jasmin - OilNOW Over the past 4 years Guyana has worked hard to iterate and develop a local content strategy and policy that strikes the balance of helping and protecting the Guyanese population, while simultaneously encouraging growth. As it...
News

Local content consultations wrap up with participation from over 180 agencies, firms

OilNOW -
The Ministry of Natural Resources (MNR) said on Tuesday that it has concluded a series of strategic engagements with various stakeholders in Guyana on the revised draft Local Content Policy (LCP). MNR said this policy initiative responds to commitments made...
News

Final Local Content Policy must ensure Guyanese are valid partners not mere “window dressing”- GCCI Senior VP

OilNOW -
Even though it regards the current revised draft Local Content Policy as a vast improvement over the previous version, the Georgetown Chamber of Commerce and Industry (GCCI), one of the key groups representing business in Guyana, still believes there...
News

Strategic consultations on local content advancing, feedback on key areas received

OilNOW -
Intense engagements with oil and gas companies in Guyana and other stakeholders in recent weeks have seen feedback on specific areas of enhance business development being received by the Ministry of Natural Resources. “The consultations are evolving with both stakeholders...
News

Guyanese taxpayers will have to foot the bill for any inefficiencies triggered by local content rules – Floyd Haynes

OilNOW -
Forcing oil and gas companies to utilise local firms that do not yet possess the necessary skills and capacity will cost Guyana in the long run. Professor and Member of the country’s Local Content Panel, Floyd Haynes, recently shared...
News

Major local content milestone for Guyana as FPSO fabrication work being done in country

OilNOW -
Guyanese company, Industrial Fabrications Inc. (InFab), is one of two companies that were awarded contracts from SBM Offshore in Guyana to provide fabrication services for the Prosperity Floating Production Storage and Offloading (FPSO) vessel that is being built for...
News

Proposal to have 111 categories of service with high local content targets unrealistic – AMI Co-Director

OilNOW -
If Brazil with a population of over 200 million people found it difficult to achieve high or progressive local content targets for 90 categories of service, how does Guyana propose to do a better job with a smaller population...
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Latest News

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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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