spot_img

Local Content

News

US$100M to be invested in international oil and gas institute – Guyana President

OilNOW -
Upskilling Guyanese to adequately service Guyana’s massively expanding oil and gas sector is a priority of the Dr. Mohamed Irfaan Ali-led government. In seeking to achieve this goal, President Ali announced Thursday that over US$100 million will be invested...
News

Ramps says will meet Local Content Secretariat’s reasonable demands

OilNOW -
Ramps Logistics says it will accede to document requests made by the Local Content Secretariat, in its bid to be placed on Guyana’s Local Content Register. It said this in a statement after receiving a letter from the Secretariat’s Director,...
News

Gov’t warns Ramps it must submit documents that are not misleading

OilNOW -
One day after it held a media conference demanding answers, Ramps was told by the Guyana Local Content Secretariat that the onus is on it, as an applicant, to submit documents that are not false or misleading. Ramps had applied...
News

Ramps had threatened Guyana customs regulator with lawsuit over $20M fine

Kemol King -
After being fined GY$20 million for breaching customs law earlier this year, Ramps Logistics had threatened the Guyana Revenue Authority (GRA) with a lawsuit if it did not return the fine. The letter dated March 4, 2022, from its attorney-at-law,...
News

City Chamber says ‘rent-a-citizen’ tactics run counter to local content law

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) says disapproves "rent-a-citizen" and "fronting" tactics potentially being used by companies operating in Guyana's oil and gas sector, because such tactics run counter to the spirit of Guyana's local content legislation.  In...
News

Ramps says legal action on the cards over local content spat

Kemol King -
Ramps Logistics’ chief executive, Shaun Rampersad came out in defense of the efforts it made to receive a Guyana local content certificate, including divestment of 51% of the company to a man with Guyanese citizenship named Deepak Lall. This...
Opinions

Guyana and Suriname: How access to capital can transform frontier energy markets

OilNOW -
By Arthur Deakin - OilNOW Back in 2010, Guyana and Suriname were not known for their hydrocarbon reserves. But now, both (neighboring countries) have discovered more than 17 billion barrels of oil equivalent and gas reserves that exceed 30 trillion...
News

Business group says it fully supports ‘strong action’ against companies skirting local content law

OilNOW -
Guyana’s Private Sector Commission said on Wednesday that it supports the government taking “strong action” against companies trying to circumvent the Local Content Act. The Act was passed in December, and contains provisions aimed at increasing Guyanese participation in the oil...
News

Ramps fails in bid to operate as local company, says it ticked all the boxes

OilNOW -
Ramps Logistics Guyana Inc. has brought forward a claim that the company was denied its Local Content certification even though it met all the requirements set. “The recently passed Local Content Act stipulates that a company must have a local content certificate...
News

Milestone for Guyana’s West Demerara as sod turned for new US$300M Vreed-en-Hoop shore base

OilNOW -
The Vreed-en-Hoop Shore Base Inc. (VESHI) is moving closer to reality as company and other officials on Tuesday turned the sod to mark the start of construction on the US$300 million venture. Due to inclement weather, a planned large ceremony...
1...202122...25Page 21 of 25

Latest News

NewsOilNOW -

Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy...

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.

Quick Access

Company Info

Social Networks