Local Content

Local investors deepen foothold in Guyana’s shorebase and port sector

Local participation in Guyana’s offshore supply chain continues to expand, with Guyanese investors taking on larger roles in shore bases and port facilities that serve the country’s rapidly growing oil and gas industry.  Minister of Natural Resources Vickram Bharrat said...

Guyana government sets firm January 2026 deadlines for local content approvals

The Ministry of Natural Resources has announced a new fixed timeline for reviewing and approving local content certification applications. The update, released through the Local Content Secretariat today, takes effect in January 2026. The move forms part of President Irfaan...

‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s rapidly developing local content framework. Wijdh, who has been closely involved in discussions around Suriname’s developing local content framework and...

Guyana’s Local Content Secretariat to launch digital portal and AI checks to speed up certification 

The Local Content Secretariat is moving to a digital system to cut certificate wait times and widen access in Guyana. Director Michael Munroe announced the plan on day two of a Business Development Forum hosted by the Georgetown Chamber...

Secretariat eyes 20 new areas for Guyana’s Local Content Act – Director 

The Local Content Secretariat has flagged more than 20 additional areas that could be added to the first schedule of Guyana’s Local Content Act. Director Michael Munroe made the disclosure on day two of the Georgetown Chamber of Commerce...

Small businesses must ‘keep up’ with Guyana’s rapid growth – GCCI President

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has urged small businesses to strengthen their systems, improve visibility, and embrace traceability as Guyana’s economy continues its rapid expansion.  She made the call at the opening of...

Guyana inks new deal with some of the world’s largest oil companies, secures US$15M signing bonus

A consortium of Petronas, QatarEnergy and TotalEnergies signed its Petroleum Exploration License for the S4 shallow block in Guyana’s offshore waters, a historic feat after the country’s maiden auction launched in 2022. The signing ceremony was held this morning...

Training surge marks new chapter for Suriname’s oil & gas workforce

Suriname's National oil company, Staatsolie Maatschappij Suriname N.V., (Staatsolie) ramped up investment in workforce development in 2024 as the country prepares for its first major offshore oil development.  The company’s latest sustainability report, published in early October, details a flagship...

SBM Offshore Guyana deepens local supplier collaboration through annual Vendor Day

Local suppliers in Guyana’s oil and gas industry were given an opportunity to strengthen their participation in the sector through SBM Offshore Guyana’s annual Vendor Day, held this week at the Pegasus Suites.  The event brought together more than 50...

Oil boom reshaping Guyana’s business landscape, says GCCI President

Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith says Guyana’s oil industry is transforming the way local enterprises operate, pushing small and medium businesses to scale up, form partnerships, and think globally. “I’m seeing them as the winners,”...

Latest News

Guyana drilling surges as ExxonMobil and Halliburton deliver first fully automated closed-loop well placement

Halliburton and ExxonMobil Guyana Limited have completed the industry’s first fully automated closed-loop well placement offshore Guyana, the companies...