With the start of offshore oil production just a few years away, Suriname’s President Jennifer Geerlings-Simons is focusing on ensuring citizens and local companies benefit.  She told Newsweek in a recent interview: “Surinamese people and Surinamese companies need to participate...

Maintaining Guyana’s “favorable” fiscal regime with no increase in royalties and bringing the Gas-to-Energy project online are among the energy sector focus areas on the cards for a People’s Progressive Party/Civic second-term government.  The party held a consultation on its...

Paramaribo, Suriname - In an interview at the recent Suriname Energy Oil & Gas Summit, Ileana Ferber, Chief Executive Officer and founder of Colibri Business Development urged the South American nation to balance local content development alongside the growth...

Deodat Indar, one of Guyana’s infrastructure ministers, passionately called upon members of the local private sector to steer clear of engaging in "rent-a-citizen" practices due to its detrimental impact on the government's dedicated efforts to foster local content growth...

Ramps Logistics (Guyana) Guyana dropped its claim for damages in the case it had brought before Guyana to secure its Local Content Certificate, which was initially refused.  Ramps Director, Shaun Rampersad, informed the government in a letter that it dropped...

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has issued three Requests for Information (RFIs) seeking to identify suppliers who can provide customs brokerage, cargo management and inbound transportation services. Importantly, the Local Content legislation calls for high levels of Guyanese participation...

By Kevin Ramnarine – OilNOW Guyana's decision to legislate for local content in its oil and gas industry has been the source of debate in Guyana and in T&T. At the heart of the issue is the value captured or...

The historic meeting on Thursday between Heads of State for South America’s oil and gas producers, specifically President of the Republic of Suriname, H.E. Chandrikapersad Santokhi and President of the Federative Republic of Brazil, H.E. Jair Messias Bolsonaro, has...

By A. Bacchus The oil and gas industry will be here for at least twenty years. Local content has been one of the hot-button issues from the inception, and the need for locals to occupy this sector remains an objective...

By A. Bacchus I was sitting in a class recently when a colleague expressed in utter vexation, “they’re giving all the jobs to foreigners.” The conversation was delving into industries and the policymaking in Guyana, and like the new-norm, oil...