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Some Guyanese complaining about denied opportunities, despite local content law – Official

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Guyana's Attorney General, Anil Nandlall, recently announced the initiation of a comprehensive review of the local content framework. This move comes, he said, amid complaints that some locals are still being disenfranchised. The AG made the disclosure on his show...
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Exxon local workforce grows as Guyana investments skyrocket

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ExxonMobil Guyana and its contractors have demonstrated strong achievement on the local content front, investing over GY$80 billion (US$400 million) with more than 1,500 Guyanese businesses in 2022 alone. Since the initial discovery in 2015, their total expenditure with...
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Big contract opportunities for Guyanese with VEHSI

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Vreed-en-Hoop Shorebase Inc. (VEHSI) is inviting locally registered suppliers to provide 91 services in support of its operations. The Expression of Interest (EOI) submissions are due by May 29, 2023. VEHSI is a joint venture between NRG Holdings Inc., a...
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Guyanese will be able to cash in on Exxon’s US$12.7 billion Uaru Project

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Guyanese authorities have required ExxonMobil Guyana to provide a list of the local content opportunities that will be available at its newly approved Uaru Project. This is outlined in the Petroleum Production Licence for the project. The document states that...
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Local Content proving itself as tool to combat Dutch Disease in Guyana

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Local Content accounted for 5% of Guyana's economy in 2022, marking a milestone for the country's efforts towards economic diversification and combatting the dreaded Dutch Disease. The Local Content Act of Guyana, which mandates the procurement of goods and...
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Guyanese company, Farfan and Mendes, acquires DNV certification

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Farfan and Mendes Limited, Hose and Rigging Division has achieved DNV type approval certification for the manufacture and repair of wire rope slings for cargo-carrying units manufactured to the DNV 2.7-1 standard.  “The certification recognises the division's commitment to providing...
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Tenaris grants Roberto Rocca Education Program Scholarships to four Guyanese students

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Tenaris, a supplier of steel tubes and related services for the energy industry, has awarded four Guyanese students with the Roberto Rocca Education Program scholarships. The scholarship recognises the students' outstanding academic achievements and aims to foster technical education...
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Guyanese marine player acquires majority stake in Bourbon joint venture 

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French offshore vessel player Bourbon said on Monday that Guyanese company Tethys Marine & Logistics, is now a 51% shareholder of the Bourbon Guyana Joint Venture. It said Guyanese now represent 75% of its directorship. A Guyanese company is defined...
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Eight Guyanese engineers complete training for placement on massive Prosperity FPSO

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SBM Offshore Guyana said eight Guyanese engineers officially completed its Graduate Engineers’ Programme. A graduation ceremony was held for the engineers, who make up the first cohort to benefit from this training, on March 31.   The programme provided international...
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Everyone, but the banks, is betting on you – Tucker tells Guyana Local Content Summit

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Immediate past President of a key business group in Guyana - the Georgetown Chamber of Commerce and Industry - Timothy Tucker, says everyone, except the commercial banks, is betting on the new oil producing South American country. This is...
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ExxonMobil taps MODEC for second Guyana FPSO as Hammerhead project advances

ExxonMobil has awarded a limited notice to proceed to Japanese offshore engineering firm MODEC for the development of a...

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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