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Exxon data reveals 80% average annual growth in spend on Guyanese suppliers for 2017-2023

OilNOW -
ExxonMobil and its contractors grew their spend on Guyanese suppliers by an average of 80% annually, its 2023 Annual Report revealed. Spend grew from US$23 million in 2017 to US$641 million in 2023. Recent growth in spend picked up, particularly...
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Exxon to meet with Guyana vendors 

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ExxonMobil Guyana said it will host a June 19 virtual session for feedback on its Requests for Information (RFI) issued during July-December 2023.  The meeting will include an explanation of its RFI process, feedback on responses to the RFIs, and...
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Local content regulator eyes doubling bid advantage for Guyanese companies

Kemol King -
Guyana’s Local Content Secretariat is contemplating boosting the competitive advantage already afforded to Guyanese companies in oil sector procurement.  According to Director, Dr. Martin Pertab, the Secretariat plans to do this through procurement and bid evaluation guidelines issued to companies...
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Japanese FPSO builder to engage Guyanese suppliers this week

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Japanese shipbuilder MODEC will hold a Vendor Engagement Forum on May 14, 2024. The company will engage with Guyanese suppliers at the Centre for Local Business Development (CLBD) office in Georgetown. The forum will include information-sharing about MODEC’s procurement...
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‘Guyana Brand’ now more powerful than ever – Ali

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In his address at the opening of the April 16 Local Content Summit in Georgetown, President of Guyana, Dr. Mohamed Irfaan Ali, said the "Guyana Brand" has reached unprecedented levels of global recognition and influence, signaling a new era...
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Guyana likely to amend Local Content law this year

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Guyana is expected to amend its Local Content law later this year, with a view of increasing the areas in which companies are mandated to utilise Guyanese goods and services. Guyana’s Attorney General discussed this during a question-and-answer segment...
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Ali says 45 days still too long for oil companies to pay contractors

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Guyana President Dr. Mohamed Irfaan Ali believes that 45 days after receipt of a correct invoice is too long a wait period for oil companies to pay their contractors. The President discussed the matter at the Local Content Summit...
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Scale of Guyana’s growth requires more investment bankers – Ali

OilNOW -
The economic landscape of Guyana is shifting rapidly, driven by expanding sectors far beyond the notable oil and gas industry. President Dr. Mohamed Irfaan Ali has emphasized the need for a transformative approach in banking to keep pace with...
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Ali to headline Local Content Summit today  

OilNOW -
The Local Content Summit kicks off today with Guyana President, Dr. Irfaan Ali set to deliver the feature address at the event.  With a thematic focus on "Creating Value, Driving Economic Expansion," the Summit is designed to delve into critical...
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Saipem to utilize additional Guyana facility for submarine work on massive Whiptail project

OilNOW -
Italian multinational oilfield services company Saipem has received authorization from ExxonMobil Guyana Limited and its Stabroek Block coventurers to proceed with the execution of the giant Whiptail oilfield development project. Saipem said at the weekend that the authorization has been...
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SLB seeks suppliers for inspection and testing services in Guyana

SLB, a global leader in energy technology, has issued a request for information (RFI) to identify qualified suppliers for...

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