The new government in the world’s newest oil producer, Guyana, looks to raise the requirement for local content in employment and procurement of goods and services in the offshore oil projects, which could raise those requirements for ExxonMobil, the biggest foreign developer of Guyana’s huge oil resources. After months of election controversy, Guyana’s new President Mohamed Irfaan Ali and Vice President Bharrat Jagdeo, who were sworn in earlier this month, demand more from ExxonMobil on the so-called local content. “We are sticking to our commitment in ensuring that the industry as far as possible, provide opportunities for not only the local private sector but Guyanese as a whole here and in the diaspora, wherever the skillset is,” Guyana’s President Ali told local media last week. According to energy analyst David Blackmon , the new local content requirement, whatever it is, should strike a balance between the Guyanese government’s requirements […]