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, 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...

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...

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...

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...

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...

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...

The Guyana government says its goal is to enable international operators and services companies to identify local employees and suppliers from within Guyana and in the diaspora. Stakeholders in Guyana’s business community are continuing their review of a draft local...

As Guyana gears up to become an oil producing country, its government is putting systems in place to ensure local businesses and entrepreneurs are given a fair chance to compete and benefit from opportunities that will arise in the...