Local Content

ExxonMobil wants Guyanese firms to play leading role across fabrication value chain

ExxonMobil Guyana wants local companies to play a larger role across the full fabrication value chain as offshore activity expands. The company’s Production Manager, Huzefa Ali, made the statement during a ceremony marking the completion of the first floating production,...

Collateral-free Development Bank to offer local entrepreneurs a pathway into Guyana’s oil and gas industry

Guyanese entrepreneurs seeking to enter the oil and gas sector could soon access collateral-free, interest-free financing through the proposed Guyana Development Bank, which the government says will help businesses overcome one of the industry's biggest barriers to entry.  On June...

Saipem opens procurement opportunity for Guyanese businesses to provide vulcanizing services

Guyanese businesses are being invited to submit bids for vulcanizing services under a new request for information issued by Saipem Guyana, aimed at supporting its offshore and onshore operations linked to developments in the Stabroek Block. The opportunity was published...

Guyanese team delivers high-level fabrication work for FPSO with zero harm, defects

A Guyanese team has completed high-pressure process piping fabrication for the Liza Unity FPSO with zero harm, zero weld defects and zero repairs required. The achievement was announced at a ceremony in Guyana to mark the completion of the Water...

SEOGS 2026 expands with Local Content Forum as Suriname mulls key oil policy

The Suriname Energy, Oil & Gas Summit & Exhibition will add a dedicated Local Content Forum in 2026 as the South American country prepares for its first offshore oil and gas development. The sixth edition of SEOGS will be held...

Safety, quality and reliability remain critical for Guyanese suppliers, says Baker Hughes

Guyanese suppliers seeking work with tier one oil and gas companies must meet strict safety, compliance, quality, and reliability standards, Baker Hughes Caribbean Area Director Jon Rhodes said. Rhodes made the comments at the fourth annual Local Content Summit 2026....

ExxonMobil, contractors driving higher standards among Guyanese businesses – Finance Minister

Guyana’s Finance Minister Dr. Ashni Singh says ExxonMobil and its tier one contractors have raised expectations for how Guyanese businesses deliver goods and services, particularly in the oil and gas sector. Speaking at the Private Sector Commission (PSC) Annual General...

Stronger support needed for women-owned businesses to tap Guyana’s oil boom, says Former WCCIG President

Women-owned businesses need stronger support systems, better access to information, and greater collaboration opportunities if they are to fully benefit from Guyana’s expanding oil and gas sector, according to former President of the Women's Chamber of Commerce and Industry...

Opportunity available for Guyanese businesses to provide offshore material-handling equipment services to Noble Corporation

An opportunity is now available for Guyanese businesses to provide offshore material-handling equipment services to Noble Corporation, which is seeking vendors to support its operations in Guyana. According to a Request for Information (RFI) published on June 3 through the...

Foreign investment remains essential to Guyana’s oil and gas development – Natural Resources Minister

Natural Resources Minister Vickram Bharrat says foreign and private investment remains essential to Guyana’s oil and gas development, noting that the Local Content Act was never intended to exclude international investors from participating in the sector.  Speaking at the Local...

Latest News

PDVSA crude output to reach 1.37M b/d by December – S&P Global

Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) is expected to raise crude production to 1.37 million barrels...