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GCCI says ‘overwhelming’ number of infrastructure, other work being handled by foreign-owned companies

OilNOW -
Guyanese private sector body, the Georgetown Chamber of Commerce and Industry (GCCI) on Friday renewed its call for the government to table legislation covering local content but stressed for this to be done before the end of 2021. In a...
News

Big opportunities for farmers in Guyana’s oil and gas sector, supplies already going offshore

OilNOW -
The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services, including those outside the oil and gas industry. In fact, since the first discovery in 2015 when it became apparent...
News

Establishing local content law is popular with citizens, but not always effective – AMI analyst

OilNOW -
An expert at Americas Market Intelligence (AMI) says oil firms operating in Guyana and government should meet regularly, in good faith, to discuss constraints facing the companies in the country and develop long-term targets and commitments that go beyond...
News

Clear realistic local content policy helpful to investors -Greg Quinn

OilNOW -
With local content legislation now being conceptualized in Guyana, outgoing British High Commissioner, Greg Quinn, has said that a clear and realistic policy will be most helpful to investors.  Speaking with OilNOW about immediate priorities for Guyana's oil and gas...
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Push for rigorous training, establishment of joint ventures to build local content capacity – Consultant

OilNOW -
Canadian consultant Rob Strong spoke to OilNOW about local content development back in 2018, and made a comparison with the Newfoundland and Labrador oil and gas industry, which he thinks Guyana could learn from. This is what he had...
News

Business groups welcome Guyana government’s stance on local content

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) said on Saturday the position of the new administration on local content development in the oil and gas sector is welcomed. Vice President, Bharrat...
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Business leader wants equal pay for equal work in Guyana’s emerging O&G sector

OilNOW -
A private sector executive in the South American country of Guyana is calling for equal pay for equal work in the nation's emerging oil and gas sector, regardless of nationality or gender orientation. Ramesh Persaud, who is the Chief Executive...
Opinions

Value-addition and human capital creation for economic growth: key elements of Local Content Policies

Bobby Gossai, Jr. -
Local Content Policies (LPCs) are part of a broader category of policies known as Productive Development Policies (PDPs) or Industrial Policies (IPs), which, in the most expansive definition, include all government interventions, measures or programmes that aim to increase...
News

Local content framework in Guyana to be in place “long before first oil” – Dept. of Energy

OilNOW -
“We are confident that there will be a Local Content framework long before first oil.” This assurance was given by Director of the Department of Energy, Dr. Mark Bynoe as he addressed media operatives at his first press conference...
News

Guyana signed MoUs before and there was no apocalypse – Foreign Minister

OilNOW -
Guyana’s Minister of Foreign Affairs, Carl Greenidge, said the Memorandum of Understanding to be signed between Guyana and its Trinidadian counterpart later this month will in no way adversely affect the country’s development, but rather strengthen it. Speaking at a...
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Special Editorial: Maduro’s bully tactics won’t get him another face-to-face with Ali 

The following is an opinion editorial by Shikema Dey, Research and Content Developer at OilNOW, and a seasoned Journalist...

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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