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Local Content

Advancing development of local content at forefront of SBM Offshore’s milestones in 2022

SBM Offshore said it had another successful year in Guyana in 2022. In a video published on its Facebook page, the company said it achieved major milestones including the start-up of the Liza Unity floating production storage and offloading...

SBM Offshore Graduate Engineers: A beacon of inspiration to young Guyanese

Paula Ceres and Tanisha Selby were among a group of seven Guyanese graduate engineers who gained hands-on training by SBM Offshore on the Prosperity floating production, storage and offloading (FPSO) vessel. Now, the young women aim to inspire young girls...

Great opportunity for local content when new offshore blocks are awarded – business group

The Guyana Manufacturing and Services Association (GMSA) is optimistic about the government’s recent announcement of a bid round for 14 blocks offshore Guyana. GMSA is the main advocacy body for local manufacturers and companies of related services and operates as a...

SBM Offshore continues Guyana student outreach with Industrial Training Centre visit

SBM Offshore is continuing its school outreach programme, this time, visiting the Guyana Industrial Training Centre in Georgetown. The company engaged with part-time and full-time students of the Guyana Industrial Training Center (GITC) to apprise them of its role in Guyana and the career choices...

Local Content Advisory Committee pending opposition nominee – Bharrat

Natural Resources Minister, Vickram Bharrat, has informed the National Assembly that the government is awaiting a nominee from the political opposition to move ahead with the establishment of a Local Content Advisory Committee. His comment was a direct response to a...

SBM Offshore engaging students on its operations, career opportunities

SBM Offshore met with fourth and fifth form students at the Corentyne Comprehensive High School in Berbice last Friday to apprise them of the company’s role in Guyana’s oil sector, and the careers available in the industry. This is the...

Food supply to FPSOs could generate up to US$30M annually for Guyanese consortium – Dr. Pertab

Efforts by authorities in Guyana to establish a consortium of caterers for three of the nation’s floating production, storage and offloading (FPSO) vessels operating at the Stabroek Block could see between US$25 million and US$30 million being earned by...

Local companies urged to join forces or risk losing out on opportunities in oil sector

Guyana’s Natural Resources Minister, Vickram Bharrat recently appealed to members of the business community to cease being a vessel for the “crab-in-a-barrel” mentality. This phrase describes a group of like-situated people who hurt each other in attempting to get...

Exxon’s latest RFI’s for customs, transportation, vessel management services to attract high levels of local content

ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has issued three Requests for Information (RFIs) seeking to identify suppliers who can provide customs brokerage, cargo management and inbound transportation services. Importantly, the Local Content legislation calls for high levels of Guyanese participation...

Over US$127 million spent by Exxon, contractors in Guyana during first half of 2022

For the first half of 2022, ExxonMobil Guyana and its contractors spent over US$127 million (GY$26.5 billion) on Guyanese suppliers The Stabroek Block operator has also confirmed with OilNOW that since announcing the first commercial discovery in 2015, over US$700 million was...

Latest News

Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a...