Frontera Energy Corporation and CGX Energy have received a notice from the Government of Guyana for the cancelation of license for the Corentyne block offshore the South American country.According to the joint venture partners, Guyana has taken the position that the license, together with the petroleum agreement with the government, has terminated and that, in the opinion of the government, there are…
Guyana's government expects a consortium led by U.S. oil major Exxon Mobil to brief officials by the end of March on plans to develop offshore gas, the country's vice president told Reuters.'They said: 'by end March, we will tell you what we will do…
Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France's TotalEnergies that will allow it to explore an offshore area, Energy Minister Vickram Bharrat told Reuters.Guyana is the world's fastest-growing…
Guyana and the Dominican Republic are making progress on accords for offshore oil and gas exploration and to build a fertilizer plant and potentially a refinery in the South American country, Dominican President Luis Abinader said on Tuesday…
Toronto-listed Frontera Energy and partner CGX Energy are seeking alternatives to resolve a dispute with Guyana over rights to retain an offshore block where they found oil, but should they fail to reach an agreement, the matter is set to go to an arbitration court…
A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 million barrels per day…
Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC for the newbuild 12,000-ft 7th generation drillship…
A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott, the country's vice president said on Thursday.Guyana's President…
This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract…
Frontera Energy and its unit CGX Energy expect to complete an analysis in the next two to three months of the Wei-1 oil well in Guyana before deciding whether to upgrade an exploration license to its development phase, Frontera said on Friday…
Malaysian national oil firm Petronas has awarded a 90-day contract for Noble Corporation's semi-submersible deepwater rig Noble Discoverer.Petronas will use the Noble Discoverer to drill an exploration well in Block 52 offshore Suriname, where it is the operator with a 50% stake…
Guyana-focused oil and gas companies CGX Energy and Frontera Energy Corporation said Wednesday they had discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. 'The Joint Venture…
Frontera Energy Corporation, in partnership with CGX Energy, said Tuesday it had reached total depth (TD) of 20,450' on the Wei-1 bypass exploration and appraisal well (Wei-1BP1), offshore Guyana.The original Wei-1 wellbore reached a depth of 19…
Guyana Vice President Bharrat Jagdeo told Reuters the country plans to take back 20% of the giant Stabroek oil block that has been responsible for a series of massive discoveries from a consortium led by Exxon Mobil Corp., and remarket it by next year…
A CGX Energy Inc. and Frontera Energy Corporation consortium has started drilling the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana.To remind, under the Corentyne block license terms, the joint venture was previously required to spud Wei-1…
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