3676 results found for 'cgx'

3676 results found for 'cgx'
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  • HD KSOE broadens presence in Vietnam with new strategic acquisition

    25 August 2025
    Business Developments & Projects, Outlook & Strategy

    South Korean HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company of HD Hyundai’s shipbuilding division, has decided to expand its footprint in Southeast Asia by acquiring Doosan Vina, an arm of Vietnam-based Doosan Enerbility. As disclosed, HD KSOE signed a stock purchase agreement with Doosan Enerbility on August 20. The deal […]

  • World’s first commercial ammonia-fueled engine is here

    1 September 2025
    Business Developments & Projects, Collaboration, Equipment, Infrastructure, Innovation, Outlook & Strategy, Vessels

    Japan Engine Corporation (J-ENG) accomplished the first fully functional full-scale commercial ammonia-fueled engine on August 30, 2025.

  • Chinese duo to develop brand-new 20,000 cbm LNG bunkering vessel

    11 August 2025
    Business Developments & Projects, Collaboration, Innovation, Vessels

    China’s Dalian Shipbuilding Offshore Co. (DSOC) and compatriot Zhongnen Fuel Injection Technology have inked a deal to construct a 20,000 cubic meters (cbm) liquefied natural gas (LNG) bunkering vessel, said to be the ‘first’ independently developed unit of its type in the country. As disclosed, the vessel will also be the inaugural ship in China […]

  • Axpo marks Spain’s ‘inaugural’ bio-LNG bunkering for large container vessels as done

    7 August 2025
    Business Developments & Projects, Collaboration, Ports & Logistics, Vessels

    Switzerland-headquartered renewable energy producer Axpo has wrapped up what it described as Spain’s first bio-LNG ship-to-ship (STS) bunkering operation within the large container shipping segment. As disclosed, the supply of biological liquefied natural gas was conducted on August 7 at the Port of Algeciras. The initiative reportedly involved an STS transfer of over 4,000 cubic […]

  • Finnish cleantech company Hycamite receives financial backing from CMA CGM

    31 July 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Green Marine, Research & Development, Technology

    Hycamite TCD Technologies, a Finland-based cleantech company specializing in low-carbon hydrogen production, has welcomed CMA CGM, a France-based shipping and logistics major, as a new strategic investor.

  • TotalEnergies, CMA CGM unveil LNG bunkering logistics JV for ARA region

    23 July 2025
    Collaboration, Outlook & Strategy, Transition, Vision

    French energy major TotalEnergies and compatriot shipping and logistics company CMA CGM Group have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the Port of Rotterdam, the Netherlands.

  • New 500 kV submarine cable contract to keep ZTT busy offshore China

    31 July 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    ZTT Submarine Cable & System (ZTTSC) has secured a 500 kV submarine cable contract for Shenzhen Energy’s 500 MW Honghai Bay VI offshore wind project in China. The engineering, procurement, construction, and installation (EPCI) contract encompasses 94 kilometers of 500 kV 3-core HVAC submarine cables to connect the wind turbines, which will be installed more […]

  • Matson, Hanwha Philly mark construction progress on new LNG-ready Aloha Class boxship trio

    5 August 2025
    Business Developments & Projects, Vessels

    U.S.-headquartered transportation and logistics company Matson and shipbuilder Hanwha Philly Shipyard, a wholly-owned arm of South Korea’s Hanwha Systems and Hanwha Ocean, have marked a construction milestone of the first of three new future-fit Aloha Class container vessels. As disclosed, on August 4, the first engine room section of the ship, weighing 420 metric tons, […]

  • Shipping, bunkering companies launch new initiative to ‘revolutionize’ ARA bunkering market

    23 July 2025
    Collaboration, Outlook & Strategy, Vision

    Several shipping and bunkering companies have come together to launch a Bunkering Services Initiative focused on solving the widely reported issues of fuel quantity shortages and fuel quality opacity across the marine fuel supply chain.

  • China’s first full-cycle commercial green methanol project is operational

    17 July 2025
    Business Developments & Projects, Infrastructure, Vessels

    The integrated green methanol demonstration project of Shanghai Electric, a Chinese power generation and electrical equipment manufacturing company, has completed the first delivery of green methanol.

  • Repsol, CGX settle Guyana case

    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 […]

  • CGX Begins Drilling Offshore Guyana

    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 […]

  • PGS in Guyana Shoot for CGX Energy

    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 […]

  • CGX and Frontera execute Guyana farm-in deal

    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

  • CGX gains support from Frontera for drilling costs offshore Guyana

    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.

  • HD KSOE to construct new dual-fuel LNG boxship duo for Greek shipowner

    30 July 2025
    Business Developments & Projects, Vessels

    South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a shipbuilding intermediate holding company of HD Hyundai, has been commissioned by Greece-based shipowner Capital to build a new pair of dual-fuel liquefied natural gas (LNG)-powered container vessels. According to Greek shipbroker Intermodal, Capital has booked two 2,800 TEU dual-fuel LNG units in a deal valued at $57 million. Once […]

  • Guyana: CGX, Frontera amend financing and farm-in deals. Drilling schedule unchanged

    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.

  • CGX picks Maersk rig for Guyana well

    22 April 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Maersk Drilling has been awarded a one-well contract by CGX Resources for the semi-submersible rig Maersk Discoverer for drilling off Guyana.

  • Guyana Issues Two Exploration Licences to CGX

    15 February 2013

    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 […]

  • CGX Secures Funds for Guyana-Suriname Basin Exploration

    31 May 2012
    Business & Finance

    Canada’s Pacific Rubiales Energy Corp has agreed to purchase 85,714,285 units of CGX Energy Inc. (“CGX”) at a price of C$0.35 per unit for an aggregate investment of C$30 million. At the same time, the Company has entered into a technical services agreement with CGX whereby Pacific Rubiales will provide technical assistance to CGX in […]

  • CGX taps $19 million loan from Frontera for Guyana projects

    19 April 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure, Project & Tenders

    Canadian oil and gas companies Frontera Energy and CGX Energy have entered into a term sheet for a $19 million loan that will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara, and Berbice blocks off Guyana.

  • Pacific Rubiales Increases Ownership in CGX Energy

    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 […]

  • CGX Energy hires Rowan rig for Guyana well

    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. 

  • Frontera, CGX push back Guyana drilling by one year

    27 November 2020
    Authorities & Government, Business Developments & Projects, Project & Tenders, Regulation & Policy

    Joint venture partners in the Corentyne block offshore Guyana – Frontera Energy and CGX Energy – have concluded collaborative discussions with the Government of Guyana concerning the rescheduling of the work commitments on the block.

  • Canada’s Pacific Rubiales to Take Control of CGX Energy

    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, […]