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Ramps Logistics says GRA charges of false declarations baseless

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Following the disclosure by the Guyana Revenue Authority (GRA) on Wednesday that it has instituted 10 charges against Ramps Logistics Guyana (RLG) for false declarations, the company has issued a statement calling the said charges baseless. While these charges will be reviewed...
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Guyana business group lobbying for law that would recognise contracts as collateral for loans

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President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker said the organisation is lobbying the Guyana government to pursue the type of legislative changes that would allow new companies to use their contracts as a means...
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Guyana local content regulator mulling guidelines to end ‘fronting’ in joint ventures

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The Local Content Secretariat (LCS) is seeking to draft guidelines that will signal clearly, how joint venture partnerships will be deemed genuine. Noting this recently was the President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker. Director...
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SBM Offshore is first major Exxon contractor to receive approval for local content master plan

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SBM Offshore is the first prime contractor of ExxonMobil Guyana to receive its Letter of Approval for its Local Content Master Plan, 2022. Halliburton was the second company to receive this letter followed by CGX Energy Inc. The Ministry of...
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Guyana’s Local Content law intelligently crafted for win-win scenarios – Economist

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Although Guyana’s Local Content legislation prioritises the use of locals across 40 categories of work such as rentals, security, transportation, and catering, it still does not block the participation of foreign entities. It is this intelligent craftsmanship of the...
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Guyana institutes mandatory 45-day payment period, amid complaints of long wait

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Payment periods are now limited in Guyana as its government on Friday issued an ultimatum to all contractors and sub-contractors operating in its oil and gas industry to institute a 45-day payment period. According to Guyana’s Local Content Secretariat (LCS),...
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JOB FAIR! VEHSI recruiting Region Three residents for shore base project

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Vreed-en-Hoop Shore Base Incorporated (VEHSI) is looking to provide employment to residents of Region Three, where the company is developing a shore base facility.  On Saturday, September 10, VEHSI is hosting a job fair to assess the hiring pool...
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Guyana can use regulations to address delayed payments to local companies – energy strategist

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With the use of Local Content Regulations, the Guyana Government can outline provisions that dictate shorter payment timelines by oil companies, says Trinidadian Energy Strategist, Anthony Paul. During an interview on radio programme, Guyana’s Oil and You, Paul shared that...
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Energy strategist urges Guyana to exercise caution in granting local content waivers

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While Guyana’s Local Content legislation allows the subject minister to grant waivers to companies that encounter difficulties in meeting agreed targets for use of Guyanese goods and services, Energy Strategist, Anthony Paul says great care must be taken in the application...
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T&T Energy Chamber develops new local content management system to track country’s progress

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Trinidad and Tobago’s Energy Chamber recognised, back in 2017, that the country lacked a proper system to accurately report and analyse the local content delivery of industry players operating there. Upstream operator companies have an obligation to report to the Ministry...
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TotalEnergies’ Gran Morgu project will drive local participation in 45 sectors – Suriname GM 

Suriname companies and workers in 45 sectors will have opportunities to participate in the development phase of the Gran...

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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