Tag: Local Content Act
Guyana’s commitment to contract sanctity earns country over US$6 billion from oil
Guyana's oil wealth, concentrated in the Stabroek Block, has transformed the nation’s economic fortune, not only through direct revenues but ... Read More
Delinquent companies, individuals flouting local content will face penalties – Dr Jagdeo
-reiterates gov’t firm stance Companies using loopholes to cheat the Local Content legislation will face severe penalties, according to the ... Read More
Local Content Act to be updated next year
-Several loopholes to be regulated – GS Jagdeo General Secretary of the People’s Progressive Party (PPP) Dr Bharrat Jagdeo emphasises ... Read More
Local Content Act: a clear framework for Exxon to provide opportunities
Guyana’s Local Content Act provides a guideline for oil and gas companies and open the doors to numerous opportunities for ... Read More
6,500 Guyanese now employed in oil and gas sector
The government’s local content efforts in Guyana's oil and gas sector are yielding results, with approximately 6,500 Guyanese employed by ... Read More
Local Content Summit returns with focus on economic expansion
The Local Content Summit returns for its second edition at the Pegasus Suites and Corporate Centre, Kingston Georgetown, with an ... Read More
Guyanese businesses earn nearly US$1B from oil sector in two years
Guyanese sub-contractors and entrepreneurs have earned nearly US $1 billion from oil and gas companies since the passage of the ... Read More
Over 6000 Guyanese employed in the oil and gas industry – Min. Singh
Senior Minister in the Office of the President with responsibility for Finance and Public Service, Dr Ashni Singh has disclosed ... Read More
Close to 6,000 locals employed in oil and gas sector
Guyanese continue to enjoy boundless employment opportunities within the oil and gas sector, as almost 6,000 locals are currently employed ... Read More
Review of Local Content Act to be completed soon – Jagdeo
The government will soon complete a comprehensive review process for the country’s local content act, to ensure that Guyanese have ... Read More