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Countrywide discussions on local content framework begin Wednesday in Guyana

The Petroleum Department of Guyana's Ministry of Natural Resources will on Wednesday host a stakeholder engagement on the draft Local Content Policy framework. The draft framework has been under review by stakeholders over the past few months. Author of the document, Trinidadian...

UNDP expert due back in Guyana Monday for local content talks – Trotman

A UNDP expert advising the Guyana government on its draft local content policy framework is due back in the country on Monday and will embark on a series of consultations with stakeholders. Guyana’s Minister of Natural Resources, Raphael Trotman, said...

Urgency required to meet demand for local content in Guyana

The recent discovery of oil offshore Guyana has created significant excitement for the future of the country and its developing industry. Naturally, the Buzz Phrase being kicked around in every conversation is Local Content.  With Local Content legislation being...

TechnipFMC says it has aggressive local content policy, “big plans for Guyana”

TechnipFMC, a leading provider of oil and gas projects, technologies, systems and services, says it has an aggressive local content policy and “big plans for Guyana” as it moves forward with development work offshore the South American country. The...

Guyana: Managing Local Content Expectations

The need for, and introduction of requirements for local content in Guyana’s emerging oil and gas industry, continues to engage the attention of stakeholders and the public at large. Even as a draft local content policy framework is being...

Oil & gas body to stage public lecture on local content in Guyana

As interest surrounding local content in Guyana continues to heighten, the Guyana Oil & Gas Association (GOGA) will be staging a public lecture on Friday in the country’s capital, Georgetown, to discuss this. The Association said in a press statement...

Review uncovers multiple shortcomings in Guyana’s draft local content framework

A review of Guyana’s draft local content policy framework by members of the business community has identified several shortcomings which it believes put Guyanese business operators at a disadvantage. The review, done by the Georgetown Chamber of Commerce and...

Draft Local Content Policy

Draft Local Content Policy https://oilnow.gy/wp-content/uploads/2017/06/Guyana-Draft-Local-Content-Policy-for-the-Petroleum-Sector-1.pdf

Local content expert to work with Guyanese private sector

Business operators in Guyana eager to get involved in the country’s emerging oil and gas sector will soon benefit from the input of a local content specialist. OilNOW understands the Guyana government is hiring the expert based on the completion...

New regulatory body could oversee implementation of Guyana local content policy

A new regulatory body is being proposed by authorities in Guyana to oversee the implementation of a Local Content, Capacity Development and Value Addition Policy Framework.  The draft policy document, developed by the Ministry of Natural Resources, is currently...

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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,...