Financials and Investment News in Guyana

Frontera and CGX Announce $19M Loan Agreement
4/16/2021 - Frontera Energy Corporation (FEC) (Frontera) and CGX Energy Inc. (OYL) ("CGX"), joint venture partners in Petroleum Prospecting Licenses for the Corentyne and Demerara blocks offshore Guyana, announce...
Hess Reports Estimated Results for the 4th Quarter of 2020
1/27/2021 - Fourth Quarter Financial and Operational Highlights:
• Net loss was $97 million, or $0.32 per common share, compared with a net loss of $222 million, or $0.73 per common share in the fourth quar...
Hess Announces 2021 E&P Capital and Exploratory Budget
1/25/2021 - Hess has announced a 2021 Exploration & Production capital and exploratory budget of $1.9 billion, of which more than 80% will be allocated to Guyana and the Bakken.

Net production is forec...
GTT Secures Commitment for New Term Loan Facility to Strengthen Liquidity Position
12/22/2020 - GTT Communications, Inc., a leading global cloud networking provider to multinational clients, has entered into a commitment letter through which certain of GTT’s existing lenders and noteholders have...
COVID-19 & Oil Price War could Derail 2/3 of the World’s Oil & Gas Project Sanctioning in 2020
3/23/2020 - The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project ...
SBM Offshore Completes $1.14B Financing of Liza Unity
10/16/2019 - SBM Offshore is pleased to announce that it completed the project financing of FPSO Liza Unity for a total of US$1.14 billion. ...
CGX Settle the Claims Brought Against Repsol
12/1/2014 - CGX Energy Inc. announced the settlement of the claims brought against Repsol Exploracion, S.A. relating to the joint operating agreement governing the Georgetown Block (the "Georgetown JOA"), offshor...

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