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Increasing use of local content in global O&G supply chain anticipated for 2024 – Rystad official

OilNOW -
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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Exxon seeking multiple warehouse facilities in Guyana

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ExxonMobil Guyana Limited (EMGL) is actively searching for warehouse facilities in strategic locations across Guyana to improve its operational capacity and logistics network.  The company has identified various areas, including: Georgetown: EMGL views the capital as vital for its logistical operations...
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Blue Water affiliate scores hat-trick with ExxonMobil for logistics services

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Falcon Logistics Inc., an affiliate of Blue Water Shipping, an international provider of project logistics and freight forwarding services, has announced the signing of three 3-year contracts with ExxonMobil Guyana.  The contracts cover vessel agency and wharfage operations, customs clearance,...
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Guyana govt. eyes Stabroek block partners’ nearshoring jobs to give economy US$60 million annual boost

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Guyana’s President, Dr. Irfaan Ali, recently disclosed his interest in bringing closer to these shores some 2000 jobs the ExxonMobil-led consortium in the Stabroek Block contracts overseas. The Head of State believes giving these jobs to locals could lead...
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Local farm commissions cutting-edge greenhouse supported by SBM Offshore Guyana

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Plympton Farms achieved a milestone under the Green Farms Initiative, inaugurating a three-acre greenhouse at Dora along the Linden Highway on November 24. The ceremony marked the culmination of a pivotal stage in a tripartite collaboration between SBM Offshore...
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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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Exxon looking for more suppliers for its Guyana operations  

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ExxonMobil Guyana Limited (EMGL) is gearing up to engage suppliers for the provision of another set of onshore and offshore services as part of its operations in the Stabroek license area. According to public requests for information (RFIs), the company...
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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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SBM Offshore seeking wide-ranging services for its Guyana operations

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Local suppliers once again have an opportunity to provide a wide range of services to SBM Offshore Guyana, as the company prepares to bring its third oil production vessel online in the South American country. In its search for these services,...
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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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