Local Content

Staatsolie Director warns against overregulating local content ahead of GranMorgu development

PARAMARIBO, SURINAME - As Suriname prepares for the GranMorgu oil development, Vandana Gangaram Panday, Director at Staatsolie Hydrocarbon Institute, cautioned against overregulating local content. Speaking on day four at the Suriname Energy, Oil and Gas Summit, Panday acknowledged the ongoing...

MODEC spent US$3.4 million with Guyanese suppliers in 2024

Japanese company MODEC reported in a press statement today that it spent US$3.4 million procuring goods and services from Guyanese suppliers last year. In addition to this expenditure, the company’s 2024 local content work included publishing 45 procurement opportunities, recruiting...

TotalEnergies to launch portal to boost local content visibility for GranMorgu Development

PARAMARIBO, SURINAME  - TotalEnergies will launch a new online portal to improve transparency and maximize local participation in its US$10.5 billion GranMorgu oil development. “Our goal is to make it transparent so everybody can apply,” Country General Manager, Arthur Nunes...

SEOGS 2025 opens with focus on sustainability, local content and energy growth

PARAMARIBO, SURINAME –The Suriname Energy, Oil & Gas Summit (SEOGS) 2025 officially opened Tuesday morning with a ribbon-cutting ceremony and remarks from President Chandrikapersad Santokhi. In his address, Santokhi reaffirmed Suriname’s commitment to transparency and inclusive growth in the...

400 Guyanese supporting Noble’s offshore operations 

Noble Corporation says it continues to prioritize the development of Guyanese talent as part of its offshore operations. According to its 2024 Sustainability Report, all offshore assets are staffed with Guyanese doctors. The company said it works with more than...

The Future of Oil in Suriname: Insights from political parties ahead of Sunday’s polls 

PARAMARIBO, SURINAME - As Suriname approaches general elections on May 25, the nation’s burgeoning oil and gas sector stands at the forefront of political discourse. The development of offshore reserves, particularly the US$10.5 billion GranMorgu project in offshore Block 58...

Keystone Consulting debuts at OTC: set to deliver grounded market intelligence on Guyana, region 

Houston, Texas, United States - Keystone Consulting (Guyana) Inc., a new research, marketing, and business intelligence firm, was officially launched last Tuesday at the Offshore Technology Conference (OTC) in Houston, Texas, one of the energy industry’s largest global events. Company...

GAIMMS Guyana launches first welding and fabrication workshop to train locals for energy sector

GAIMMS Guyana launched its first Welding and Fabrication Workshop aimed at equipping local apprentices with global-standard skills for the energy sector. The program combines classroom learning with hands-on industrial training. It is designed to mirror real-world practices used on major...

Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI acquiring a 51% majority stake in ISS Guyana.  According to a statement from SGI, the partnership aligns with Guyana’s local content...

Three-week certification target set for Guyana’s local content applicants

The Government of Guyana is stepping up efforts to strengthen the local content framework in the oil and gas sector, according to the Ministry of Natural Resources. At the recently concluded Local Content Summit, Minister of Natural Resources, Vickram Bharrat,...

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...