A major find offshore Guyana could transform the company’s fortunes
Frontera anticipates Guyana jackpot
The Latin America-focused producer aims to emulate the drilling successes of neighbouring blocks to diversify its portfolio
Canadian operator Frontera Energy is pinning its hopes on exploration success offshore Guyana after a year of heavy losses, mostly from Colombia. The firm posted $39.8mn in net losses over the first six months of 2021, albeit still marking a rebound from a loss of $455.6mn over the same period last year. The Calgary-based E&P today commences drilling the Kawa-1 prospect in the Corentyne block offshore Guyana through its majority owned subsidiary and joint venture partner CGX Energy. Commercial oil and gas have yet to be discovered in the block, but the target is close to several major discoveries in the Stabroek block and block 58 in Suriname. Production from Guyana has slowly ramped up
Also in this section
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
