Search results for: CGX Energy

104634 results

A list of search results

  • 20 January 2014
    Business & Finance

    CGX Energy Inc. announced today that its wholly-owned subsidiary, CGX Resources Inc., obtained an injunction order from the Commercial Court of Guyana restraining Repsol Exploracion, S.A. (“Repsol”) from proceeding with the 30% farm-out of the Kanuku petroleum prospecting license to RWE Dea AG pending the hearing and determination of the arbitration proceedings started by CGX […]

  • 1 September 2014

    Spanish oil giant Repsol has been prevented from selling a stake in an offshore Guyana block by the Caribbean country’s authorities. CGX Energy Inc. has informed it has obtained an order from the High Court of the Supreme Court of Judicature in Guyana upholding the injunction from the Commercial Court of Guyana restraining Repsol Exploracion, S.A. […]

  • 29 April 2013
    Business & Finance

    Pacific Rubiales Energy Corp. has announced the closing of the CGX Energy Inc. private placement financing on April 26, 2013. The Company subscribed for 350 million units (“Units”) at a price of Cdn.$0.10 per Unit for an aggregate price of Cdn.$35 million. Each Unit is comprised of one common share in the capital of CGX and one whole common share […]

  • 11 April 2012
    Business & Finance

    CGX Energy Inc. announces that delays due to minor mechanical issues on the Ocean Saratoga semi-submersible rig and weather conditions have pushed back the time frame for the completion of drilling of the Eagle-1 well beyond the originally planned 60 days. It is now anticipated that drilling operations will be completed near the end of […]

  • 11 January 2018
    Business & Finance

    CGX Energy has accepted the resignation of its chief executive officer, effective January 8, 2018.

  • 1 December 2014
    Business & Finance

    Spanish oil company Repsol has reached a settlement with Canadian CGX Energy over a dispute related to an offshore block located in Guyana. According to a statement by CGX, Repsol has agreed to pay $900.000 to CGX Resources pursuant to the terms of the Georgetown JOA. CGX had earlier started arbitration against Repsol in the London […]

  • 23 September 2014
    Business & Finance, Operations & Maintenance

    CGX Energy Inc. announced that it has entered into a seismic contract with Prospector PTE. Ltd. to conduct a 3,116.74 km2 3D seismic survey on the Company’s 100% owned Demerara Block, offshore Guyana. The aggregate cost of this seismic survey will be approximately U.S.$17.9 million with 40% of the costs (or approximately U.S.$7 million) being […]

  • 4 February 2019

    CGX Energy and Frontera Energy have executed a farm-in joint venture agreement covering CGX’s two shallow water offshore Petroleum Prospecting Licenses in Guyana.F

  • 24 September 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Canadian-based oil and gas exploration company CGX Energy has executed a contract with PGS for a 3D seismic survey of the Corentyne Block offshore Guyana. PGS will provide acquisition and processing of seismic data covering approximately 582 square kilometers of the northern portion of the Corentyne Block. CGX Resources Inc. (CRI), a wholly-owned subsidiary of […]

  • 23 September 2014
    Business & Finance, Equipment

    CGX Energy Inc. has announced that it has entered into a seismic contract with Prospector PTE. Ltd. to conduct a 3,116.74 km2 3D seismic survey on the company’s 100% owned Demerara Block, offshore Guyana. The contract represents one of the most extensive 3D seismic studies ever conducted in this area. The aggregate cost of this […]

  • 18 December 2018
    Business & Finance, Exploration & Production

    CGX Energy has decided to use one of Rowan-owned jack-up drilling rigs for drilling operations offshore Guyana. 

  • 11 January 2019
    Business & Finance, Project & Tenders

    CGX and Frontera have amended a letter agreement to extend the time of launch of the equity financing in the amount of approximately $20 million.

  • 5 December 2018
    Project & Tenders

    CGX Energy and Frontera Energy have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana.

  • 6 March 2018
    Business & Finance

    CGX Energy has appointed a project operations manager for an exploration well on the Corentyne block offshore Guyana.

  • 23 June 2014
    Business & Finance

    CGX Energy Inc. has provided an operational update on its exploration assets in Guyana.

  • 5 December 2011
    Business & Finance

    CGX Energy Inc.  has awarded a 1,160 square kilometre 3D marine seismic contract to a subsidiary of Petroleum Geo-Services (PGS). PGS’s Ramform Challenger will undertake the five week contract at CGX’s fully owned Corentyne PPL, offshore Guyana, commencing mid-December. PGS is a leading geophysical services company founded in 1991 in Norway with offices in 25 […]

  • 13 February 2012
    Business & Finance

    CGX Energy Inc. has commenced with drilling operations at the Eagle-1 well located on the Corentyne Petroleum Prospecting License (“PPL”) offshore Guyana. The Eagle-1 well will be drilled to a depth of 4,250 metres to test the Eocene and Maastrichtian geologic zones. The well is being drilled by the Ocean Saratoga semi-submersible drilling rig owned […]

  • 30 November 2011
    Business & Finance

     CGX Energy Inc. has awarded a drilling contract to a subsidiary of Diamond Offshore Drilling, Inc.  for the Ocean Saratoga semi-submersible drilling rig to drill the Eagle-1 well on the Company’s 100% owned and operated Corentyne Petroleum Prospecting License (“PPL”), offshore Guyana. The Ocean Saratoga is currently performing a work-over in the Gulf of Mexico […]

  • 2 June 2014
    Business & Finance

    CGX Energy Inc. has entered into a binding letter of intent with Teikoku Oil (Suriname) Co., Ltd., a wholly-owned subsidiary of INPEX Corporation, and Japan Drilling Co., Ltd. (“JDC”), for use of the jack-up drilling rig known as the “Hakuryu-12” rig. The letter of intent forms the basis of the definitive rig agreements between JDC and each […]

  • 26 February 2014
    Business & Finance

    CGX Energy Inc. has entered into a Memorandum of Understanding with Teikoku Oil (Suriname) Co., Ltd., a wholly-owned subsidiary of INPEX and PETRONAS Suriname E&P B.V (PSE PBV), for rig sharing in the Guyana-Suriname basin. The parties have agreed to form a group for rig sharing and will enter into a definitive agreement with respect […]

  • 24 January 2020

    Seismic services provider PGS has completed a 3D seismic program on the northern section of the CGX Energy-operated Corentyne block offshore Guyana.

  • 1 March 2013
    Business & Finance

      Pacific Rubiales Energy Corp,a Canadian company and producer of natural gas and crude oil, announced that it has entered into a binding term sheet with CGX Energy Inc., pursuant to which Pacific Rubiales has agreed to invest Cdn$35,000,000 in CGX at a price of Cdn$0.14 per unit for an aggregate of 250 million units. Ronald Pantin, […]