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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...
News

Exxon sees unprecedented progress in local content development in Guyana – Routledge

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge said this week he has seen unprecedented levels of progress in local content development and stressed the importance of education and training for Guyanese, in order for them to benefit from the opportunities...
Opinions

Guyana should learn from Brazil’s shortfalls in its Local Content Policy

OilNOW -
By Arthur Deakin – OilNOW On February 15, the government of Guyana opened a public consultation process for its local content policy. Guyana is set to become a top 20 global oil producer, at 1.2 million barrels a day by...
News

Need for realistic local content targets form key part of discussions as Guyana prepares framework

OilNOW -
Section seven of Guyana’s draft revised Local Content Policy Document that is currently under consultation falls under the title, ‘Minimum Local Content in Goods and Services’ and sets out mandatory local content targets for companies in the oil and...
News

Capacity on the ground, banking system challenges among points raised at opening of local content consultations

OilNOW -
During the first leg of consultations held on Monday on Guyana’s draft Local Content Policy, the discourse, which was facilitated by President, Dr. Irfaan Ali, at the Arthur Chung Conference Centre on the outskirts of Georgetown, saw commentary from...
News

Accountability, realistic targets must be hallmarks of Guyana’s local content policy – President Ali

OilNOW -
During Monday's launch of the first round of consultations on Guyana's draft Local Content Policy, President Irfaan Ali categorically stated that the final document must be one with a difference. The Head of State, who led the discussions at...
News

Guyana President will host local content consultation next Monday

OilNOW -
With the release of the draft local content policy expected this week, Guyanese would be able to peruse the document and share their views for the final policy during a consultation process that would be led by President, Dr....
News

Let local content policy be responsive to conditions on the ground, expert urges

OilNOW -
Guyana has just entered its second year as an oil producing country and the question of how to maximize benefits for the local population remains at the forefront of ongoing discussions. While stakeholders across the board agree that implementing...
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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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