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

OilNOW -
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...
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Halliburton hosts groundbreaking student hackathon at SEOGS 2025

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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...
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Baker Hughes achieved 55% Guyanese workforce in 2024

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

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

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

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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...
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Afreximbank COO pitches partnership for Suriname’s SMEs

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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...
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Staatsolie Director warns against overregulating local content ahead of GranMorgu development

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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...
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MODEC spent US$3.4 million with Guyanese suppliers in 2024

OilNOW -
Japanese company MODEC reported in a press statement today that it spent US$3.4 million procuring goods and services from Guyanese suppliers last year. In addition to this expenditure, the company’s 2024 local content work included publishing 45 procurement opportunities, recruiting...
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TotalEnergies to launch portal to boost local content visibility for GranMorgu Development

OilNOW -
PARAMARIBO, SURINAME  - TotalEnergies will launch a new online portal to improve transparency and maximize local participation in its US$10.5 billion GranMorgu oil development. “Our goal is to make it transparent so everybody can apply,” Country General Manager, Arthur Nunes...
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More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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