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Local Content Summit returns in April to ‘Create Value, Drive Expansion’

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Following the success of the inaugural Local Content Summit in 2023, the 2024 Summit is set to take place on April 16, 2024, at the prestigious Pegasus Suites and Corporate Centre. With the theme “Creating Value. Driving Economic Expansion,”...
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Former T&T energy minister runs poll on local content law; none in place 116 years after ‘first oil’

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Trinidad and Tobago's (T&T) former Minister of Energy and Energy Affairs, Kevin Ramnarine recently conducted a poll via LinkedIn to ascertain whether the twin-island Republic should legislate its local content requirements.  78% of the votes were in the affirmative.  The first...
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Guyana well positioned to tackle local content in some unique ways – WoodMac analyst

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Guyana's efforts to date in promoting local content development in its oil and gas sector earned commendation from industry experts at the Guyana Energy Conference and Supply Chain Expo. Mark Oberstoetter, Head of Upstream Americas (non-L48) Research at Wood Mackenzie...
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Energy conference set to wrap up with major local content seminar by SBM Offshore Guyana

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SBM Offshore Guyana is set to host a ‘Let’s Talk Local Content’ seminar today at the Guyana Energy Conference and Supply Chain Expo, in Georgetown. The seminar, scheduled for 13:00hrs in the main ballroom of the Guyana Marriott Hotel, presents...
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Increasing use of local content in global O&G supply chain anticipated for 2024 – Rystad official

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Audun Martinsen, Head of Supply Chain Research at Rystad Energy, predicts heightened reliance on local content requirements within the oil and gas sector amidst mounting supply chain concerns for 2024. Martinsen highlighted the increasing focus on re-shoring services and...
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Lack of financing poses greatest risk to Guyana’s local content development efforts, warns energy expert 

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

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

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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

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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

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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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Middle East tensions could lift Guyana’s oil revenues, but capacity risks remain – Orinoco Research

Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across...

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