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‘We are here to listen’ – Jagdeo to Guyana’s inaugural Local Content Summit

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"We are here to listen," Vice President Dr. Bharrat Jagdeo said as keynote speaker for the opening of Guyana's first ever Local Content Summit, Tuesday at the Pegasus Corporate Centre. The summit comes as the government is gearing up to...
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Ministry, CNOOC team up to fund petroleum studies for Guyanese in China

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Guyana’s Ministry of Natural Resources and CNOOC Petroleum Guyana Limited is offering a limited number of scholarships in China at the Bachelor’s Degree level for the next academic year (2023/2024).  The scholars, to receive instruction in geoscience and petroleum engineering,...
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Kester Hutson elected new GCCI President, says Local Content push remains high on agenda 

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A key Guyana business group, the Georgetown Chamber of Commerce and Industry (GCCI), has elected businessman Kester Hutson as its new President, ending the two-term presidency of Timothy Tucker.  Fresh off his election, Hutson in a comment to...
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Update to Local Content Act could bring in US$350 million more annually – Dr. Pertab

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Director of Guyana’s Local Content Secretariat, Dr. Martin Pertab, said that a new update to the Local Content Act’s first schedule could bring in US$300-350 million annually. Presently, 40 categories are subject to a legal mandate for contractors to utilise...
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Over 25 new services identified by private sector for update of Guyana’s local content law

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Guyana's Private Sector Commission (PSC) has identified 25 additional categories that could be included in the country's Local Content Act, said President of the Georgetown Chamber of Commerce and Industry, Timothy Tucker. He told OilNOW in an exclusive interview...
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Major local content summit confirmed for April in Guyana

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MBW Energy Support Services Inc. (MBWESSI) announced over the weekend Guyana’s first Local Content Summit, to be held on April 4, 2023, hosted in partnership with the Local Content Secretariat through the Ministry of Natural Resources. Held under the...
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Major oil services company needs caterers for Guyana operations 

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Halliburton - one of the world's largest providers of products and services to the energy industry - is preparing to tender for catering services in support of its activities in Guyana. In a public Expression of Interest (EOI), Halliburton outlined...
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Saipem seeking apartments for personnel in Guyana

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Saipem is in search of accommodation services in Guyana, on the West Bank of Demerara. The company is looking to place its personnel in apartments. The apartments should be in the vicinity of the Vreed-en-hoop Shore Base (VEHSI) currently under...
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With increasing offshore projects, SBM Offshore looks to expand Guyana supplier base

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SBM Offshore held a vendor forum on Friday, the closing day of the International Energy Conference and Expo 2023, at the Marriott Hotel. The company needs an expanded supplier base, as it is building, delivering and operating an increasing number...
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750 Local Content certificates targeted for 2023 – Pertab

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Within a year of existence, Guyana’s Local Content Secretariat (LCS) had made tremendous strides, and in 2023, it aims to continue along that path. Head of the Secretariat, Dr. Martin Pertab disclosed that it has targeted the approval of...
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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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