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Local content development fund in the works to help emerging businesses in oil and gas sector – Pres. Ali

OilNOW -
President of Guyana, Dr. Mohamed Irfaan Ali, announced Monday, October 30, that a local content development fund will be established as a means of helping businesses to find start-up capital to compete in industries, such as the oil and...
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Local Content Secretariat setting up unit to tackle ‘rent-A-citizen’ practice – Pertab

OilNOW -
Guyana’s Local Content Secretariat (LCS) will be setting up a new unit to address what is commonly referred to as 'rent-a-citizen', a practice where foreign investors use Guyanese nationals and/or businesses as mere fronts in order to circumvent provisions...
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Lack of capacity should never be excuse against guaranteeing local participation in oil sector – Chamber Head as Local Content Conference begins

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Though local content is deemed meaningless without capacity, its absence should not be used as the basis to lock locals out of opportunities in a country’s oil sector. So said the Chairman of the Ghana Chamber of Commerce Guyana,...
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Local Content App being developed to bring “Guyanese closer to oil and gas contractors, licencees”

Shikema Dey -
Guyana’s Local Content Secretariat (LCS) is looking to develop an app to connect Guyanese contractors and licencees, said Director Dr. Martin Pertab on August 10.  Pertab, speaking at the Ghana-Guyana Local Content Conference explained that accessing information on opportunities in...
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With renewed Local Content certification, Blue Water Shipping Guyana is focused on enhancing Guyanese capacity

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Enhancing Guyanese capacity remains at the forefront of Blue Water Shipping Guyana’s plans as the company received renewed approval for its Local Content Certification from the Local Content Secretariat. The green light for Blue Water's certification recognises the company's efforts...
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Ghana Chamber of Commerce to lead Local Content Conference in Georgetown

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The Ghana Chamber of Commerce is gearing up to spearhead a pioneering two-day Ghana - Guyana Local Content Conference, scheduled to take place in Georgetown, Guyana, at the Marriott Hotel on Thursday, August 10. This event, a collaboration between the...
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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...
News

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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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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