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‘We are here to listen’ – Jagdeo to Guyana’s inaugural Local Content Summit

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"We are here to listen," Vice President Dr. Bharrat Jagdeo said as keynote speaker for the opening of Guyana's first ever Local Content Summit, Tuesday at the Pegasus Corporate Centre. The summit comes as the government is gearing up to...
News

Kester Hutson elected new GCCI President, says Local Content push remains high on agenda 

OilNOW -
A key Guyana business group, the Georgetown Chamber of Commerce and Industry (GCCI), has elected businessman Kester Hutson as its new President, ending the two-term presidency of Timothy Tucker.  Fresh off his election, Hutson in a comment to...
News

Update to Local Content Act could bring in US$350 million more annually – Dr. Pertab

OilNOW -
Director of Guyana’s Local Content Secretariat, Dr. Martin Pertab, said that a new update to the Local Content Act’s first schedule could bring in US$300-350 million annually. Presently, 40 categories are subject to a legal mandate for contractors to utilise...
News

Over 25 new services identified by private sector for update of Guyana’s local content law

OilNOW -
Guyana's Private Sector Commission (PSC) has identified 25 additional categories that could be included in the country's Local Content Act, said President of the Georgetown Chamber of Commerce and Industry, Timothy Tucker. He told OilNOW in an exclusive interview...
News

Major local content summit confirmed for April in Guyana

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MBW Energy Support Services Inc. (MBWESSI) announced over the weekend Guyana’s first Local Content Summit, to be held on April 4, 2023, hosted in partnership with the Local Content Secretariat through the Ministry of Natural Resources. Held under the...
News

750 Local Content certificates targeted for 2023 – Pertab

OilNOW -
Within a year of existence, Guyana’s Local Content Secretariat (LCS) had made tremendous strides, and in 2023, it aims to continue along that path. Head of the Secretariat, Dr. Martin Pertab disclosed that it has targeted the approval of...
News

Local Content law was never designed to hinder investment – Guyana Minister 

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Guyana is abuzz with economic activity; a direct result of the massive oil and gas finds in the ExxonMobil-operated Stabroek Block, and this has led to increased interest from investors across the globe looking to cash in on the...
News

NetBenefit Software looking to extend local content tracking success to Guyana

OilNOW -
Guyana passed Local Content legislation a little over a year ago to ensure that its citizens get the most out of the petroleum resource – a whopping 11 billion barrels discovered in the Stabroek Block and counting. Now, NetBenefit Software...
News

Unrealistic local content standards for jobs is counterproductive – Professor Haar

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International Business Professor, Jerry Haar believes that having unattainable standards in Guyana’s Local Content Policy would be counterproductive.  Professor Haar alluded that the targets for the hiring of skilled Guyanese are unrealistic and should be revised if the country wants...
Opinions

The Paradox of Plenty: Reflections on Implementing Guyana’s Local Content Laws

OilNOW -
By Vivian M. Williams, Esq. and Dr. Terrence Blackman - OilNOW In October 2022, the Guyana Business Journal (GBJ) challenged a panel in Episode V of its Webinar series Transforming Guyana to deliberate on How Guyana could maximise local capture...
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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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