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Local Content

ExxonMobil to meet Guyana vendors about its contracting processes

ExxonMobil Guyana Limited (EMGL) will host a virtual meeting with local vendors on August 19 to discuss its contracting activity and procurement procedures, according to a notice issued by the company. The feedback session, scheduled to run from 9:00 a.m....

Staatsolie Chief warns of ‘Dutch disease’ as Suriname’s oil ambitions grow

Staatsolie’s Managing Director, Annand Jagesar, says Suriname must act carefully to avoid the economic risks that come with oil wealth. “You can only mitigate the resource curse. You cannot completely eradicate it,” Jagesar warned during a side interview at the...

Local content policies in oil-producing countries: a comparative look with focus on Suriname

Local content policies are increasingly used by oil-producing nations to ensure that petroleum extraction generates long-term economic benefits for local populations. These policies typically require international oil companies to prioritize hiring national workers, sourcing goods and services from local...

Halliburton hosts groundbreaking student hackathon at SEOGS 2025

Halliburton concluded its first-ever Student Hackathon at the Suriname Energy, Oil & Gas Summit (SEOGS) 2025, highlighting emerging talent and digital innovation in the oil and gas sector. The event brought together university students from across Suriname to address...

Baker Hughes achieved 55% Guyanese workforce in 2024

Baker Hughes reached a major local content win in 2024, with 55% of its workforce in Guyana made up of Guyanese. The company credits sustained investment in local talent and a people-centered development strategy. “People first energy board is really...

TotalEnergies pushes local content drive with key findings from Suriname Industrial Baseline Study 

TotalEnergies has completed an Industrial Baseline Study (IBS) in Suriname to assess the country’s local supply chain capabilities. The company’s Local Content Program, currently in development, is built on the insights of this study. “This study gives us the opportunity...

OMNI Helicopters adds four to offshore search and rescue team in Guyana

OMNI Helicopters Guyana Inc. (OHGI) has expanded its offshore search and rescue (SAR) crew with the graduation of four new locally trained professionals, the company said on LinkedIn last week. The new additions completed a three-month training program and will...

Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on the second phase of the offshore GranMorgu project, according to Gianluigi Della Rossa, the company’s Country Manager for Guyana and...

Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized enterprises (SMEs) in Suriname, especially as the country enters a new phase of development driven by its oil and gas...

Staatsolie Director warns against overregulating local content ahead of GranMorgu development

PARAMARIBO, SURINAME - As Suriname prepares for the GranMorgu oil development, Vandana Gangaram Panday, Director at Staatsolie Hydrocarbon Institute, cautioned against overregulating local content. Speaking on day four at the Suriname Energy, Oil and Gas Summit, Panday acknowledged the ongoing...

Latest News

Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...