CGX accumulates US$59M for Guyana operations

CGX accumulates US$59M for Guyana operations

CANADIAN oil giant, CGX Energy Incorporated, has managed to accumulate US$59 million to further develop and expand its operations both offshore and onshore Guyana. The company, in a press statement, said that it offered to holders of its outstanding shares an aggregate of 45,151,338 common shares, with each requiring a payment of CAN$1.63. “Following the…

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GAICO to build US$25M marine facility at Nismes

GAICO to build US$25M marine facility at Nismes

–over 100 direct jobs will be created upon completion of the project LOCAL oil and gas support services firm, GAICO Construction Inc., is positioning itself to play an important role in the massive development slated for Region Three (Essequibo Islands-West Demerara), with a US$25 million investment in a marine facility at Nismes, West Bank Demerara…

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