Colombia

Ecopetrol Shows Strong Permian Results, Rebound from Colombia Disruptions

Ecopetrol Shows Strong Permian Results, Rebound from Colombia Disruptions

Colombia’s Ecopetrol SA saw its production take a hit in the second quarter because of social unrest in the country but management foresees a strong recovery this year. Ecopetrol was also boosted in the second quarter by its joint venture (JV) with Occidental Petroleum Corp. in the Permian Basin’s Midland formation in West Texas. “Social…

August 9, 2021
As Colombia Protests Rage On, ‘Almost All’ Energy Companies Impacted

As Colombia Protests Rage On, ‘Almost All’ Energy Companies Impacted

Colombia’s key oil and gas industry has started to feel the impacts of nationwide protests that have dragged on for three weeks. On Wednesday, Energy Minister Diego Mesa said overall oil production had dropped below the 700,000 b/d mark for the first time since 2009. Several producers working the country have publicly announced adverse impacts.…

May 20, 2021
Mexico’s Pemex Said Falling Behind LatAm Peers on ESG, Natural Gas Development

Mexico’s Pemex Said Falling Behind LatAm Peers on ESG, Natural Gas Development

Mexico’s Petróleos Mexicanos (Pemex) is moving in the opposite direction of fellow Latin American national oil companies (NOCs) by failing to embrace the energy transition and natural gas, according to a panel of experts. While NOCs such as Colombia’s Ecopetrol SA and Brazil’s Petróleo Brasileiro SA (Petrobras) have embraced diversification and environmental, social and governance…

March 9, 2021
Natural Gas, Technology and Efficiencies Taking Prominent Role as Latin American NOCs Transition

Natural Gas, Technology and Efficiencies Taking Prominent Role as Latin American NOCs Transition

Talk of the energy transition dominated this week’s CERAWeek by IHS Markit, with Latin America’s national oil companies (NOC), which have long served as key sources of revenue for their governments, part of the discussion. The consensus is oil and gas will remain relevant for decades as energy use intensifies across rapidly developing economies. However,…

March 4, 2021
Colombia’s Ecopetrol Sets Aside $600 Million in 2021 Capex for Permian, Local Shale Plays

Colombia’s Ecopetrol Sets Aside $600 Million in 2021 Capex for Permian, Local Shale Plays

Colombia’s state oil company Ecopetrol SA will continue its foray into shale plays in 2021, principally in the prolific Permian Basin in the United States but also in a pilot program at home. The company will spend more than $600 million in unconventional plays next year, part of an overall capital expenditure (capex) plan of…

December 22, 2020
Colombia Inches Closer to Becoming Second South American Nation to Use Fracking

Colombia Inches Closer to Becoming Second South American Nation to Use Fracking

Colombia has published the terms of reference for its hydraulic fracturing (fracking) pilots and will award contracts to four projects by the end of this month. According to a reference document published in October by the National Hydrocarbons Agency (ANH), the most “favorable” four projects will be picked from those taking part in the bidding…

November 4, 2020
Pandemic Market Turmoil Set to Cut into E&P Spend South of Border

Pandemic Market Turmoil Set to Cut into E&P Spend South of Border

U.S. exploration and production (E&P) companies arecuttingcapital expenditure (capex) by 35-40% from 2019 as oil prices continue to get hammered and demand is destroyed by the coronavirus pandemic, but spending reductions could be even harsher south of the U.S. border.

April 23, 2020
Shell, Ecopetrol Form Deepwater Natural Gas Alliance Offshore Colombia

Shell, Ecopetrol Form Deepwater Natural Gas Alliance Offshore Colombia

A subsidiary of Royal Dutch Shell plc has acquired a 50% operating stake in three ultra-deepwater natural gas blocks from Colombian national oil company Ecopetrol SA, the companies said Friday.

February 13, 2020
Canacol Looking to Grow LNG Production in Colombia’s Onshore

Canacol Looking to Grow LNG Production in Colombia’s Onshore

A Canadian producer with international operations has found a growth spot in liquefied natural gas (LNG) traffic by using new technology on land in Colombia instead of venturing into the high-cost overseas export tanker trade.

November 26, 2019
Colombia Looks to Fracking to Revert Declining Production

Colombia Looks to Fracking to Revert Declining Production

Though hydraulic fracturing (fracking) has transformed the energy sector in the United States, only Argentina in Latin America has followed its lead in commercially developing hydrocarbons through unconventional drilling.

December 17, 2018
‹ Previous 1 2