750 Local Content certificates targeted for 2023 – Pertab
Within a year of existence, Guyana’s Local Content Secretariat (LCS) had made tremendous strides, and in 2023, it aims to continue along that path. Head of the Secretariat, Dr. Martin Pertab disclosed that it has targeted the approval of 750 critical Local Content Certificates. “Last year, we were essentially testing the depth of the water […]
Major local content summit confirmed for April in Guyana
MBW Energy Support Services Inc. (MBWESSI) announced over the weekend Guyana’s first Local Content Summit, to be held on April 4, 2023, hosted in partnership with the Local Content Secretariat through the Ministry of Natural Resources. Held under the theme, “Sustaining Supplier Development through Local Content Partnership”, the event is geared towards knowledge sharing for local […]
‘We are here to listen’ – Jagdeo to Guyana’s inaugural Local Content Summit
“We are here to listen,” Vice President Dr. Bharrat Jagdeo said as keynote speaker for the opening of Guyana’s first ever Local Content Summit, Tuesday at the Pegasus Corporate Centre. The summit comes as the government is gearing up to review Guyana’s Local Content Act, to include more categories and secure greater participation by Guyanese […]
Everyone, but the banks, is betting on you – Tucker tells Guyana Local Content Summit
Immediate past President of a key business group in Guyana – the Georgetown Chamber of Commerce and Industry – Timothy Tucker, says everyone, except the commercial banks, is betting on the new oil producing South American country. This is the latest in a series of statements from Tucker, advocating for greater action by banks to identify […]
Local Content Secretariat pushing technical capacity building
The Local Content Secretariat (LCS) is coordinating a paid internship pilot program with the Guyana Technical Institute (GTI) to align students in technical fields with sub-contractors along the supply chain to build on skills and experience in the country’s oil sector. OPITO approved JV to partner with gov’t to equip ‘green’ Guyanese with basic O&G […]
Guyanese suppliers being sought to craft local content framework for Exxon’s new FPSO builder
MODEC’s local affiliate, MODEC Guyana Inc., is moving to craft its local content compliance strategy in line with legal requirements. The company is setting up shop in Guyana, after being hired to build and deliver the Errea Wittu floating production, storage and offloading (FPSO) project for ExxonMobil’s Uaru project. MODEC is seeking local content consultancy […]
Guyana well positioned to tackle local content in some unique ways – WoodMac analyst
Guyana’s efforts to date in promoting local content development in its oil and gas sector earned commendation from industry experts at the Guyana Energy Conference and Supply Chain Expo. Mark Oberstoetter, Head of Upstream Americas (non-L48) Research at Wood Mackenzie lauded the government for effectively capitalizing on the resources and opportunities stemming from the sector. […]
Increasing use of local content in global O&G supply chain anticipated for 2024 – Rystad official
Audun Martinsen, Head of Supply Chain Research at Rystad Energy, predicts heightened reliance on local content requirements within the oil and gas sector amidst mounting supply chain concerns for 2024. Martinsen highlighted the increasing focus on re-shoring services and the surge in local content demands amid the sector’s significant investment cycle. The surge in local […]
Local Content App being developed to bring “Guyanese closer to oil and gas contractors, licencees”
Guyana’s Local Content Secretariat (LCS) is looking to develop an app to connect Guyanese contractors and licencees, said Director Dr. Martin Pertab on August 10. Pertab, speaking at the Ghana-Guyana Local Content Conference explained that accessing information on opportunities in the sector remains a central and recurring issue. This has led to many Guyanese contractors […]
Local content development fund in the works to help emerging businesses in oil and gas sector – Pres. Ali
President of Guyana, Dr. Mohamed Irfaan Ali, announced Monday, October 30, that a local content development fund will be established as a means of helping businesses to find start-up capital to compete in industries, such as the oil and gas sector. The Head-of-State made this disclosure during his keynote address at the second AfriCaribbean Trade […]