Guyana's government has cancelled the Frontera and CGX Energy joint venture's prospecting license for the Corentyne block, the companies said on Thursday. March 10, 2025 Frontera says Guyana oil ...

In February, the South American nation gave a 30-day notice to CGX and Frontera for cancellation of the license. The Corentyne block was seen as a key effort to diversify Guyana's oil industry ...

CGX Energy and its 62% Guyanese subsidiary ON ... the drill rig will be released back to Trinidad. The rig arrived in Guyana on May 6, 2005 for a four well program expected to last 80 days.

CGX is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. SOURCE CGX ...