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Bill strikes balance between interest of oil companies, local businesses – Attorney General

While he considers the Local Content Bill 2021 to be one of the most important pieces of legislation since Guyana's independence, Attorney General and Minister of Legal Affairs, Anil Nandlall recently praised the Bill for striking a balance between...

Analyst says measures should be put in place to ensure local companies are paid for services in a timely manner

A lead analyst at Americas Market Intelligence (AMI) says measures should be put in place to ensure local companies in Guyana providing services to the oil and gas sector are paid in a timely manner, particularly since access to...

ExxonMobil cost-recovery audits will be done, locals must be involved, says Vice President

Guyana's Vice President Dr. Bharrat Jagdeo said the Government is seeking to assemble a group of strong local auditors to collaborate with an international firm for the audit of ExxonMobil’s post-2017 costs. “We have made it clear what our intention...

Local recruitment firm excels at ISO 9001-2015 surveillance

Guyanese-owned company, Strategic Recruitment Solutions (SRSGY) has sustained ISO 9001 Quality Management Systems Certification from NSF International Strategic Registrations (NSF-ISR). ISO 9001certification demonstrates SRSGY’s commitment to quality through its annual surveillance audit in Oct 2021. SRSGY achieved ISO 9001 quality...

Exxon says it fully supports pragmatic, collaborative approach to building local capacity in Guyana

ExxonMobil says it truly believes that building local capacity will play a key role in maximising benefits to the people of Guyana and fully supports a pragmatic and collaborative approach aimed at achieving this objective. “This year, we have participated...

Over 90 local suppliers working with Edison Chouest in South America’s new oil and gas hot spot

Marine transportation service provider Edison Chouest though its local affiliate G-Boats Inc., an ExxonMobil Guyana prime contractor, says it has been expanding its local content efforts to create more jobs and provide training and capacity building opportunities for Guyanese...

75% cost recovery provides opportunity for local suppliers to maximise benefits – Indar

Guyana’s Minister within the Ministry of Public Works, Deodat Indar, said on Thursday the 75% cost recovery ceiling for operations at the Stabroek Block provides local suppliers with an opportunity to maximise benefits from the rapidly expanding exploration and...

Guyana oil minister calls on investors to work with locals

To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at...

Halliburton confirms it’s on track for close to 100% local services in Guyana by year-end

Halliburton has confirmed that by the end of this year close to 100% of its services will come from Guyana where it has been operating since 2015. The Oil field service company has been steadily expanding its activities in...

“I am satisfied with the tone and content of the meeting” Harmon says following discussions with ExxonMobil

Guyana’s Opposition Leader, Joseph Harmon, expressed satisfaction after meeting with ExxonMobil's local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) on Thursday, to discuss gas flaring and the issue of faulty equipment aboard the Liza Destiny Floating, Production, Storage...

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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...