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Builder of Guyana oil production vessels meets with local suppliers on catering needs

SBM Offshore recently met with several local catering companies on its procurement process, current contract opportunities and related requirements. According to a post on its Facebook page, the company said this session, at the invitation of the Local Content Secretariat, followed the...

New local catering consortium to get tax waivers for Guyana oil sector market

Guyana’s government is working to see major local caterers tap into the multi-million-dollar catering industry for the nation's petroleum sector. To achieve this, the Minister of Natural Resources Vickram Bharrat; Director of the Local Content Secretariat Martin Pertab and other...

Local educator says rapid development of skills must be high on Guyana’s agenda

For Guyana to succeed with the implementation of its Local Content Legislation, its regulators must keep rapid skills development at the top of mind, says University of Guyana Professor, Dr. Leyland Lucas. The educator made this point during a virtual...

Local firms must up their game; ‘I forget it; I gun get it to yuh tomorrow’ can’t work

Guyana’s Local Content legislation is designed to increase citizens’ participation in the oil and gas sector in at least 40 areas of work. These include rental of office space and equipment, catering services, janitorial and laundry services, and public...

Local Maritime Institute to bring Guyana’s next OPITO-certified training centre to East Bank corridor

The wholly-Guyanese-owned Atlantic Alliance (AA) Maritime and Offshore Training Institute Guyana is well on its way to launching the country’s second OPITO-approved facility to offer internationally accredited training to locals. AA officially opened its doors in March this year at...

With close to US$2M invested, Qualco Guyana pushing industry-standard training for locals

Qualco Guyana was established in 2019 on the wave of massive discoveries being made offshore the South American country at the ExxonMobil-operated Stabroek Block. Although its operations were impacted by the COVID-19 pandemic just a year later, activities have...

Guyana can use regulations to address delayed payments to local companies – energy strategist

With the use of Local Content Regulations, the Guyana Government can outline provisions that dictate shorter payment timelines by oil companies, says Trinidadian Energy Strategist, Anthony Paul. During an interview on radio programme, Guyana’s Oil and You, Paul shared that...

‘They can’t pay local companies in 90 days; I don’t care who defends that’ – Guyana VP

Vice President Dr. Bharrat Jagdeo has given all assurances that the government intends to close loopholes being used to frustrate and circumvent the requirements of the Local Content legislation as well as address issues affecting local contractors such as extended waiting periods for...

Ramps in new bid for local company status

Ramps Logistics Guyana has made its second attempt at gaining local company status from Guyana’s Local Content Secretariat (LCS) with a new application. The company said that the new application to the Local Content Registry submitted on July 14, included...

Over 4,000 locals now employed in Guyana’s O&G sector – Bharrat

When Guyana discovered oil in 2015, it had no capacity whatsoever to fulfill the ever-increasing needs of the budding sector, but the country has come a far way. It is now 2022 – seven years on, and the country has...

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GranMorgu session in Rotterdam draws diaspora interest as Suriname eyes Singapore-level development

ROTTERDAM, NETHERLANDS – Suriname is aiming to use its offshore oil resources to drive national development to levels comparable...