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Guyana expects over 700 technical, skilled oil and gas hires this year – Local Content Secretariat

OilNOW -
According to figures released by Guyana’s Local Content Secretariat (LCS), for 2023, over 700 hires are expected for the country’s oil and gas sector. The hires range from the technical and skilled categories to Information Technology (IT) and Health.  A...
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Guyanese suppliers being sought to craft local content framework for Exxon’s new FPSO builder

OilNOW -
MODEC’s local affiliate, MODEC Guyana Inc., is moving to craft its local content compliance strategy in line with legal requirements. The company is setting up shop in Guyana, after being hired to build and deliver the Errea Wittu floating...
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TOTALTEC now 100% Guyanese, receives Local Content Certificate

OilNOW -
TOTALTEC Inc. has successfully transitioned to becoming a 100% Guyanese-owned company. CEO Lars Mangal recently announced this significant development, detailing the Guyanese founder’s acquisition of the entire share capital of TOTALTEC from its international, angel investors in May. This...
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Uptick in local small- to medium-scale logistics, transportation businesses seen in second year of Local Content law

OilNOW -
Guyana’s Local Content Act - implemented in 2021 - has enabled significant investment in small and medium-scale logistics and transportation enterprises to service the expanding oil sector.  During a virtual discussion on investment opportunities in Guyana and Ghana, Senior Petroleum...
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CNOOC, Tullow, SBM Offshore among 13 more with approved Local Content Plans

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Guyana's Ministry of Natural Resources announced on May 29 the approval of thirteen additional Local Content Annual Plans for the reporting year 2023. Approved plans detail the utilisation of Guyanese goods and services for the year in question. Vickram Bharrat,...
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Guyana certifies major oil companies local content compliant after successful 2022

OilNOW -
TechnipFMC, Halliburton, Baker Hughes, Saipem, and ExxonMobil have received approvals for their 2023 Local Content Annual Plans.  The event, held May 15, saw the presence of the Minister of Natural Resources, Vickram Bharrat, along with key representatives from the aforementioned...
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Some Guyanese complaining about denied opportunities, despite local content law – Official

OilNOW -
Guyana's Attorney General, Anil Nandlall, recently announced the initiation of a comprehensive review of the local content framework. This move comes, he said, amid complaints that some locals are still being disenfranchised. The AG made the disclosure on his show...
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Local Content Secretariat pushing technical capacity building

OilNOW -
The Local Content Secretariat (LCS) is coordinating a paid internship pilot program with the Guyana Technical Institute (GTI) to align students in technical fields with sub-contractors along the supply chain to build on skills and experience in the country’s...
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Local Content proving itself as tool to combat Dutch Disease in Guyana

OilNOW -
Local Content accounted for 5% of Guyana's economy in 2022, marking a milestone for the country's efforts towards economic diversification and combatting the dreaded Dutch Disease. The Local Content Act of Guyana, which mandates the procurement of goods and...
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Everyone, but the banks, is betting on you – Tucker tells Guyana Local Content Summit

OilNOW -
Immediate past President of a key business group in Guyana - the Georgetown Chamber of Commerce and Industry - Timothy Tucker, says everyone, except the commercial banks, is betting on the new oil producing South American country. This is...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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