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Local Content Policy close to completion

The much-anticipated Local Content Policy (LCP) that would set the framework within which companies in Guyana’s oil and gas sector are expected to operate, is closer to finalization. Director of the country’s Department of Energy (DE) Dr. Mark Bynoe made...

Guyana to set up Local Content Compliance Unit to validate information submitted by oil companies – Dr Bynoe

The Guyana Government has announced plans for the imminent establishment of a Local Content Compliance Unit to validate information submitted by oil companies operating in its offshore basin. The disclosure was made on Wednesday, August 29, by Director of Guyana’s...

Chamber’s forum on local content policy receives massive turnout

Members of the business community, the public and key stakeholders turned out in large numbers to the first open forum on Guyana’s 3rd draft Local Content Policy (LCP) organised by the Georgetown Chamber of Commerce and Industry (GCCI) with...

Business group staging public forum on local content policy

The Georgetown Chamber of Commerce and Industry (GCCI) will bring together several prominent members of Guyana’s business community and other stakeholders for a roundtable discussion on the highly anticipated third draft of the Local Content Policy released by the...

Stakeholders to review final draft of local content policy

Private sector groups and other stakeholders in Guyana will soon receive the final draft of the local content policy framework for review. Speaking at a press conference on Monday in Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark...

Chamber frustrated with continued absence of functional local content framework in Guyana

Business representatives who recently returned to Guyana after a successful foray at the Offshore Technology conference in Houston, Texas, are expressing frustration and deep concern with the absence of a functional local content policy framework, as the country moves...

Tullow Oil talks up local content with Guyana business group

A team of officials from Tullow Oil, led by CEO Paul McDade, met with members of the Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday in Guyana’s capital, Georgetown, for wide-ranging discussions ahead of the company’s 3-well drill...

Nigeria local content body says Samsung has transformed country into FPSO construction hub

Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) units in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared, according to a...

US company Harvey Gulf is aiming for 100% local content in Guyana

Harvey Gulf International Marine, one of the top marine transportation companies globally, has identified Guyana as its latest investment destination. The US-based company specializes in providing Offshore Supply and Multi-Purpose Support Vessels for deepwater operations. A team from the company is...

Guyanese business group calls for swift implementation of local content framework

The Private Sector Commission of Guyana (PSC) is calling for the swift implementation of a local content framework within which local businesses can operate and meaningfully benefit from opportunities in the emerging oil and gas industry. Speaking at the Liza...

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Iran threatens to close just-reopened Strait of Hormuz if U.S. blockade continues

Iran is now warning it will shut the Strait of Hormuz to commercial shipping again if the United States...