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
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
