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Western Logistics to hire 1000 Guyanese as part of new approved five-year Master Plan

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With its five-year Local Content Master Plan approved by the Ministry of Natural Resources, Western Logistics Guyana aims to expand its human resource capacity by some 1,000 Guyanese. According to its Operations Director, Pradeep Ramoutar, the locally owned and operated...
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Guyana’s largest shore base, sister company receive approval for Local Content Master Plans

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The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of...
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Ramps at risk of losing US$25 million Exxon contract, laying off 100 workers without Local Content Certificate – court documents

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If Ramps Logistics Guyana Inc. is not granted a Local Content Certificate of Registration, it will likely lose significant contracts with major industry players like ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to court filings which form part of...
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Guyana won’t become next Dubai without foreign expertise, development of entrepreneurial talent – Int’l Advisor

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By unlocking significant oil resources in the ExxonMobil-operated Stabroek Block, one consultant after another has often said Guyana is poised to become the next Qatar or Dubai of the region. But such a promising future cannot come to pass...
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Local educator says rapid development of skills must be high on Guyana’s agenda

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For Guyana to succeed with the implementation of its Local Content Legislation, its regulators must keep rapid skills development at the top of mind, says University of Guyana Professor, Dr. Leyland Lucas. The educator made this point during a virtual...
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More investors flocking to Guyana since local content law enacted – Economist

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The provisions outlined in Guyana’s Local Content Act – a critical piece of legislation for the country’s booming oil sector took centre stage during Episode V of the Guyana Business Journal’s Transforming Guyana webinar on Wednesday. Since the law’s December 2021...
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TT business group distances self from director’s comment on Guyana local content law

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On the heels of comments from Trinidadian business strategist Jaishima Leladharsingh, who criticised Guyana’s local content law, the business group he directs, the Trinidad and Tobago Coalition of Services Industries (TTCSI), has distanced itself from the assertions. In a statement to the...
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‘TT companies will move to Suriname if Ramps doesn’t get local content certificate’ – Trini business strategist

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If Guyana fails to grant Ramps Logistics a Local Content Certificate to operate within its oil sector, Trinidad and Tobago companies will take their business elsewhere, to neighbouring Suriname. This was communicated by a T&T business strategist – Jaishima Leladharsingh –...
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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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Venezuela risks more sanctions if unlawful election is held in Essequibo this May – Greenidge 

Venezuela risks triggering even more international sanctions if it proceeds with its unlawful elections in Guyana’s Essequibo region. The...

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