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Lack of financing poses greatest risk to Guyana’s local content development efforts, warns energy expert 

OilNOW -
Guyana faces a critical obstacle hindering the participation of local businesses in the country's local content development initiatives - the challenge of accessing crucial financing. This issue threatens to undermine the entire local content effort vital for the nation's...
News

Guyana local content spend estimated at US$720 million in 2023

OilNOW -
Local content spend is estimated at US$720 million in 2023, reflecting the capabilities of the private sector and adherence to the Local Content Act, legislated at the end of 2021. Dr. Martin Pertab, Director of the Local Content Secretariat,...
News

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...
News

Local Content Secretariat setting up unit to tackle ‘rent-A-citizen’ practice – Pertab

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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

OilNOW -
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,...
News

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...
News

With renewed Local Content certification, Blue Water Shipping Guyana is focused on enhancing Guyanese capacity

OilNOW -
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...
News

Ghana Chamber of Commerce to lead Local Content Conference in Georgetown

OilNOW -
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...
News

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...
News

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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NewsShikema Dey -

Chevron’s entry strengthens Guyana oil sector despite Venezuela ties – Rystad Energy  

Chevron’s entry into Guyana’s Stabroek Block will not disrupt ongoing operations, according to Schreiner Parker, Partner and Head of...

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