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

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...

Guyana’s first local content institute to train over 1,000 persons per year

Early next year, the Guyana government intends to establish its first National Training Institute that will focus on increasing the nation’s local content footprint in the oil sector. Noting this recently was Vice President, Dr. Bharrat Jagdeo. The former...

Chamber calls for Local Content Commission to monitor, enforce policy and regulations

As the Georgetown Chamber of Commerce and Industry (GCCI) awaits the implementation of a Local Content Policy and legislation as promised by the government, the organisation is lobbying for the establishment of a Local Content Commission to ensure that...

Draft Local Content Law: Guyanese suppliers to benefit from 152 oil sector services

The Government of Guyana is already in the advanced stages of completing its draft Local Content Legislation which outlines a sliding scale of targets to be achieved by petroleum companies and their subcontractors. The document proposes that Guyanese should be...

U.S. looking forward to finalised local content policy, wealth fund legislation – Ambassador Lynch

The Government of the United States of America is looking forward to the finalisation of Guyana’s Local Content Policy, as well as amendments to the legislation on which the country’s Natural Resources Fund (NRF) has been established. This is...

Local Content Bill to be tabled soon, institutional arm being created – Gossai Jr.

Guyana’s much-anticipated local content legislation appears is close to fruition with an announcement by Senior Petroleum Coordinator at the Ministry of Natural Resources, Bobby Gossai Jr., that a Local Content Bill will be heading to the National Assembly when...

Deepwater hotspot Suriname aiming for draft local content policy by 2022

Suriname, Guyana's neighbour to the east, is looking to draft its local content policy by early 2022. Disclosing this was the country’s Minister of Natural Resources, David Abiamofo during his keynote address at the Suriname International Petroleum and Gas...

Guyana government applauds ‘25 viable discoveries’, says local content remains key

The Guyana government said on Thursday the latest oil discovery announced by ExxonMobil at the Cataback-1 well further enhances the country’s offshore potential, and that it is working to ensure Guyanese enjoy maximum benefits from the rapidly growing hydrocarbon...

Billions being spent with Guyanese suppliers even as stakeholders continue push for local content legislation

As authorities in Guyana forge ahead with the finalization of a local content development framework, the largest oil and gas company operating in the country says it remains committed to building local capacity since it sees this as the...

Local content regulations: back to the future?

By Jerry Haar – OilNOW Trade and investment liberalization has been one of the hallmarks of the global economy for the last sixty years. Both industrialized nations and emerging markets have come to realize that the positive features of neoliberal...

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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...