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Separate law for local content won’t guarantee success – Greenidge

OilNOW -
Since the discovery of oil in Guyana back in 2015, there have been mounting calls for Local Content Legislation. While some believe this legal backing may be helpful in the country’s bid to ensure locals are able to enjoy the maximum...
News

Local Content Panel agreed policy should not lead to monopolies – Greenidge

OilNOW -
Following several rounds of consultations with industry stakeholders, Guyana’s Local Content (LC) Panel which was assembled September last by President Irfaan Ali to prepare recommendations for consideration by the Government, was in agreement that the nation’s policy should not...
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Establishing local content law is popular with citizens, but not always effective – AMI analyst

OilNOW -
An expert at Americas Market Intelligence (AMI) says oil firms operating in Guyana and government should meet regularly, in good faith, to discuss constraints facing the companies in the country and develop long-term targets and commitments that go beyond...
News

Instead of strict requirements, Guyana could incentivize companies to achieve local content targets – Dr. Marcel

OilNOW -
When oil producing nations pursue the development of a local content policy, one of the challenges that often emerges, is striking the balance between a policy that is not too rigid and one that’s still not watered-down. As Guyana...
News

Consultations on new local content framework in Guyana set for this month

OilNOW -
The newly appointed Advisory Panel on Local Content in Guyana will begin reaching out to key stakeholders this month as work continues towards the development of legislation which the government says must ensure Guyanese are given a fair opportunity...
News

Local content requirements must be flexible, realistic – Angele Ramsaransing-Karg

OilNOW -
Countries which lack the necessary skills and experience in the oil and gas industry run the risk of slowing down development of their petroleum resources if local content requirements are not realistic and lack flexibility. So says Angele Ramsaransing-Karg, Manager...
News

TT Energy Chamber launches Local Content Management System

OilNOW -
The Energy Chamber of Trinidad and Tobago on Wednesday launched its Local Content Management System (LCMS), the first of its kind in the region, which seeks to establish a robust framework to estimate the proportion of a dollar spent...
News

Guyana Local Content Panel looking to begin consultations – Vickram Bharrat

OilNOW -
Guyana’s Minister of Natural Resources Vickram Bharrat said on Tuesday that the recently appointed Local Content Advisory Panel has already commenced work and will soon be holding consultations and workshops with the relevant stakeholders. He was at the time speaking...
News

Clear realistic local content policy helpful to investors -Greg Quinn

OilNOW -
With local content legislation now being conceptualized in Guyana, outgoing British High Commissioner, Greg Quinn, has said that a clear and realistic policy will be most helpful to investors.  Speaking with OilNOW about immediate priorities for Guyana's oil and gas...
News

Push for rigorous training, establishment of joint ventures to build local content capacity – Consultant

OilNOW -
Canadian consultant Rob Strong spoke to OilNOW about local content development back in 2018, and made a comparison with the Newfoundland and Labrador oil and gas industry, which he thinks Guyana could learn from. This is what he had...
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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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