3671 results found for 'cgx'

3671 results found for 'cgx'
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  • Wärtsilä targets up to 75% methane slip cut with new dual-fuel engine solution

    10 April 2025
    Business Developments & Projects, Green Marine, Technology

    Finnish technology firm Wärtsilä has introduced a new solution for its Wärtsilä 50DF dual-fuel engine that reduces methane slip by up to 75%.

  • 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.

  • 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, […]

  • 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 […]

  • Dolphin Drilling gets new CFO as interim CEO is promoted to permanent position

    28 March 2025
    Business Developments & Projects, Human Capital, Outlook & Strategy

    Norway-headquartered offshore drilling contractor Dolphin Drilling has promoted its interim Chief Executive Officer (CEO) to a permanent role and appointed a new Chief Executive Officer (CFO).

  • 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.