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Guyana oil minister calls on investors to work with locals
(OIlNow) To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at the opening ceremony of Saipem Guyana’s Offshore Construction Facility on Saturday. The Minister said the […]
President threatens to change local content policy to guarantee Guyanese opportunities
President Irfaan Ali on Saturday threatened to change the local content policy if foreign companies continue coming to Guyana to offer services such as logistics, transportation similar services as those would be reserved for Guyanese. “It will not go down well. Don’t second guess (me). I am telling you openly it will not go down […]
Annual petroleum business summit goes virtual
–to focus on advancement of local content, participation of indigenous companies (Guyana Chronicle) EVEN though the flurry of physical activities and extravagance will be absent this year, the organisers of the Guyana International Petroleum Business Summit and Exhibition (GIPEX) intend on facilitating engaging discussions on the country’s advancement in the petroleum sector through an innovative, […]
Government will fully support locals to become competitive in O&G sector —President Ali
– Recommits to increasing capacity through training, certification His Excellency Dr Irfaan Ali, yesterday, reiterated that the Government will continue to invest in citizens and local businesses to ensure that they become competitive in the oil and gas sector. President Ali was at the time responding to questions from the media at a press […]
Locals must actively pursue opportunities in oil sector
-says Dr. Singh Senior Minister in the Office of the President with responsibility for Finance, Hon. Dr. Ashni Singh says local business people and companies must actively seek opportunities to penetrate and benefit from the oil and gas value chain. The Minister made this statement in his feature address at Tuesday evening’s launch of Sustainable […]
Graduate Engineers eager to begin overseas training on massive Prosperity oil production vessel
(OilNow) Dutch floater specialist SBM Offshore is forging ahead with expanding its local workforce in Guyana where it is currently operating one oil production vessel with two more under construction for developments offshore the South American country. The Liza Destiny Floating Production Storage and Offloading (FPSO) vessel is producing oil at Phase 1 of the […]
Local Content must be measured by value of contracts– Dr. Jagdeo
(DPI) Vice President, Hon. Dr. Bharrat Jagdeo says local content must be measured by the value of the contracts given to Guyanese firms by oil companies, rather than the amount. During his guest appearance on a Facebook live interview with the ‘Guyanese Critic’ on Thursday, the Vice President said he noted this advice from Trinidadian […]
Strategic Stakeholders Engagement on the draft Local Content Policy
The Ministry of Natural Resources (MNR) has concluded a series of strategic engagements with various stakeholders on the revised draft Local Content Policy (LCP). This policy initiative responds to commitments made by His Excellency Dr. Mohammed Irfaan Ali for Guyanese to play a greater role in the advancement of the petroleum sector which will allow […]
InFab to provide fabrication services for Prosperity FPSO
─ significant milestone for local companies (DPI) For the first time, a local company will be offering fabrication services for a Floating Production Storage and Offloading (FPSO) vessel. Industrial Fabrication Incorporated (InFab), will be providing the services for the vessel, which is being constructed to produce oil offshore Guyana in the Payara Field. On Tuesday […]