3676 results found for 'cgx'

3676 results found for 'cgx'
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  • Guyana: CGX Energy cuts ties with rig yard project partner

    19 October 2016
    Exploration & Production, Project & Tenders

    Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin, CGX Energy, has canceled a partnership deal for the company’s proposed wharf and logistics yard in Berbice, Guyana. CGX had entered into a term sheet agreement with an undisclosed potential partner regarding its Berbice Port Project back in April. The […]

  • Guyana clears revised work program for CGX’s Corentyne block

    5 August 2019
    Project & Tenders

    The Government of Guyana has approved resequencing of CGX Energy’s work program in the offshore Corentyne block.

  • Repsol, RWE Dea farm-out deal put on ice pending arbitration (Guyana)

    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. […]

  • CGX Stops Repsol, RWE Dea Farm-Out Deal in Guyana

    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 […]

  • Guyana approves CGX, Frontera offshore block farm-out

    3 May 2019

    Guyana has approved the previously proposed farmed out of a share in CGX’s two offshore blocks in Guyana to Frontera Energy Corporation.

  • CGX Energy chief executive resigns from post

    11 January 2018
    Business & Finance

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

  • CGX Collects Funds for Two Wells Offshore Guyana

    21 October 2011
    Business & Finance

    CGX Energy Inc. announced that it has closed its previously announced offering of common shares at $0.70 per share (the “Offering”). Pursuant to the Offering, CGX has issued 131,445,000 common shares (the “Common Shares”) of the Company for gross proceeds of $92,011,500 which included the full exercise of the over-allotment option. The Offering was led […]

  • Repsol, CGX Preparing Guyana Farm-Out Deal

    2 October 2012
    Business & Finance

    CGX Energy Inc. has entered into an agreement that may lead to the farm-out of 5% of its 25% participating interest in the Georgetown Block to Repsol Exploración S.A. The agreement is subject to Government of Guyana approval. If approved, the revised interest, effective September 1, 2012, in the Georgetown Petroleum Prospecting License would be […]

  • CGX gets more time to spud Guyana well

    23 June 2014
    Business & Finance

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

  • CGX’s Eagle-1 Well Offshore Guyana Disappoints

    8 May 2012
    Business & Finance

    CGX Energy Inc. announces the results of the drilling of the Eagle-1 well on the Company’s 100% owned and operated Corentyne Petroleum Prospecting License (“PPL”), offshore Guyana. The Eagle-1 well reached total depth of 4,328 metres on April 25th in the upper Cretaceous Maastrictian geologic zone on an 8 ½ ” diameter hole and with […]

  • CGX hires Bristow Helicopters for support offshore Guyana

    19 August 2014
    Equipment

    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 […]

  • CGX Energy takes on operations manager for Corentyne project (Guyana)

    6 March 2018
    Business & Finance

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

  • CGX hires PGS for Corentyne survey, defers rig contract

    24 September 2019
    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. 

  • Guyana partners reveal spending plan for second exploration well

    17 February 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Following positive results from the first well, Guyana partners have now revealed spending plans for the second well.

  • CGX wraps up seismic survey over Guyana block

    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.

  • CGX, Inpex and Petronas sign rig sharing deal

    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 […]

  • Funds secured for upcoming exploration well in Guyana

    22 July 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    CGX Energy and Frontera Energy, partners in the Corentyne block offshore Guyana, have announced a transaction for the block.

  • CGX Energy to Drill Two Wells Under New Corentyne PA (Guyana)

    29 November 2012

    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 […]

  • CGX Energy moving forward with demobilisation activities off Guyana

    28 December 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Project & Tenders, Regulation & Policy

    CGX will continue with the demobilisation of exploration drilling off Guyana, according to the Guyanese Maritime Administration Department.

  • Exploration well off Guyana on track to reach total depth in December

    24 September 2021
    Business & Finance, Business Developments & Projects, Exploration & Production

    The Kawa-1 exploration well, located offshore Guyana, is on track to reach total depth in the first half of December 2021.

  • Guyana partners wrap up deal to fund upcoming exploration well

    9 December 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Partners in the Corentyne block offshore Guyana have completed the previously announced agreement for the block.

  • Ocean Saratoga Rig to Drill CGX’s Eagle Well, Offshore Guyana

    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 […]

  • CGX reveals spending plan for drilling campaign off Guyana

    8 March 2021
    Business & Finance, Business Developments & Projects, Exploration & Production

    Canadian oil and gas company CGX Energy has revealed details about the anticipated budget for an upcoming exploration drilling campaign offshore Guyana.

  • CGX Energy to start seismic survey in Demerara block off Guyana

    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 […]

  • PGS to Start Seismic Survey at Corentyne Licence, Offshore 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 […]