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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 […]
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The Government of Guyana has approved resequencing of CGX Energy’s work program in the offshore Corentyne block.
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Seismic services provider PGS has completed a 3D seismic program on the northern section of the CGX Energy-operated Corentyne block offshore Guyana.
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Business & Finance, Exploration & Production, Project & Tenders
CGX Energy has hired PGS to conduct a 3D seismic survey over its Corentyne Block offshore Guyana. CGX has also deferred all operational obligations under its drilling rig contract for the Ralph Coffman jack-up due to the re-sequencing of commitments in the Corentyne Block.
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CGX Energy has appointed a project operations manager for an exploration well on the Corentyne block offshore Guyana.
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CGX Energy, a Canadian company with exploration assets offshore Guyana, has announced that it has entered into a definitive agreement for the provision of helicopter services for use in the drilling of its first commitment well on its Corentyne Block scheduled to be spudded before October 31, 2015. Under the terms of the agreement, CGX has […]
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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.
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Business & Finance, Exploration & Production
CGX Energy has decided to use one of Rowan-owned jack-up drilling rigs for drilling operations offshore Guyana.
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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 […]
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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 […]
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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.
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Guyana has approved the previously proposed farmed out of a share in CGX’s two offshore blocks in Guyana to Frontera Energy Corporation.
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CGX Energy Inc. has provided an operational update on its exploration assets in Guyana.
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CGX Energy Inc. last week announced, along with its partners on the Jaguar-1 well located on the Company’s 25% owned Georgetown Petroleum Prospecting License (“PPL”), that drilling operations at the Jaguar-1 well on the Georgetown PPL, Guyana ended and the well would be plugged at a depth of 4,876 metres without reaching the primary objective […]
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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 […]
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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
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The World Bank has approved a $20 million credit from the International Development Association (IDA) to strengthen institutions, laws, and regulations to promote good governance and a prudent management of Guyana’s oil and gas sector.
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CGX Energy Inc. has transitioned to a new Corentyne petroleum agreement (“Corentyne PA”) and petroleum prospecting license (“Corentyne PPL”) offshore Guyana effective as of November 27, 2012, renewable after four years for up to ten years. The new Corentyne PA applies to the former offshore portion of the Corentyne PPL, covering 6,212 square kilometres. The […]
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Will Corentyne’s coastal and riverine fishermen ever be safe from the scourge of piracy or should they accept it as a permanent occupational hazard? Artisanal fishermen for years have complained bitterly and frequently to the Ministry of Agriculture and the Ministry of Home Affairs about their plight. They have also besought the Guyana Police Force […]
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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 […]
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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 […]
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CGX Energy Inc. has announced that the Government of Guyana has issued two new petroleum prospecting licenses, one to CGX Resources Inc., a wholly owned subsidiary of CGX and one to ON Energy Inc. (“ON Energy”), a 62% owned subsidiary of CGX, both effective as of February 12, 2013 and renewable after four years for […]
