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READ MORE HERE: https://oilnow.gy/featured/more-than-40-oil-sector-companies-receive-2026-local-content-plan-approvals/

The approved plans now have to be implemented by the companies. Their progress will be monitored through subsequent reporting, including half-year reports.

READ MORE: https://oilnow.gy/featured/more-than-40-oil-sector-companies-receive-2026-local-content-plan-approvals/

“It will help us with two things: an understanding of what is today’s baseline of workforce capacity, what can the education institutions deliver by way of additional training to raise the capability of that capacity,” Alistair Routledge shared.

READ MORE: https://oilnow.gy/featured/stabroek-operator-seeks-clearer-picture-of-guyanas-skills-capacity-with-industrial-baseline-study/

The initiative creates an opportunity for Guyanese businesses to compete for supply contracts supporting offshore and marine operations, as operators and service providers continue expanding activities linked to the country’s petroleum sector.

READ MORE: https://oilnow.gy/featured/g-boats-launches-new-bidding-round-for-essential-operating-supplies/

HAPPENING NOW || Representatives from the Local Content Secretariat, the Ministry of Natural Resources, ExxonMobil Guyana, and tier one contractors, including SBM Offshore, attend the handover ceremony for Letters of Approval for Local Content Plans at Roraima Duke Lodge, Kingston, Georgetown.

The approvals form part of Guyana’s local content framework, which requires companies operating in the oil and gas sector to submit plans outlining how they will use Guyanese workers, suppliers, goods, and services in support of the country’s petroleum industry.

The exercise involved the deployment and retrieval of oil spill response booms using two vessels. According to the Ministry, the activity provided practical training for response teams and demonstrated operational readiness in the event of an offshore oil spill.

READ MORE: https://oilnow.gy/featured/guyana-showcases-oil-spill-readiness-during-drill-at-vreed-en-hoop-shorebase/

ExxonMobil Guyana’s 2025 financial performance was supported by 102 crude oil lifts from its share of Stabroek Block production. The company generated US$8.1 billion (GY$1.7 trillion), in revenue for the year. Profit dipped slightly because of lower realized oil prices.

READ MORE HERE: https://oilnow.gy/featured/exxonmobil-guyana-property-equipment-investments-reached-us3-45b-in-2025/

“A Gas-to-Energy Emergency Response Contingency Plan is in development, and new emergency response facilities at Lethem and Mahdia, as well as the multipurpose bonds in Georgetown, will be brought into operation,” the Prime Minister disclosed.

READ MORE HERE: https://oilnow.gy/featured/gas-to-energy-contingency-plan-advances-as-new-emergency-response-facilities-come-online/

READ MORE HERE: https://oilnow.gy/featured/phoenix-park-guygas-identified-for-om-talks-on-gas-to-energy-ngl-plant/

GranMorgu will develop the Sapakara and Krabdagu discoveries, located about 150 kilometers offshore Suriname. The project is designed around a floating production, storage and offloading vessel with capacity of 220,000 barrels per day.

READ MORE: https://oilnow.gy/featured/granmorgu-moves-from-blueprint-to-buildout-as-suriname-targets-first-oil/