close

Colombia

Colombia’s Petro Promises to Revamp Nation’s Energy Sector

Colombia’s Petro Promises to Revamp Nation’s Energy Sector

Former Bogotá Mayor Gustavo Petro beat businessman and Tik-Tok star Rodolfo Hernández earlier this month to become Colombia’s first leftist president with promises to upend the country’s oil and gas sector. Petro proposes “a very significant change in the energy sector,” Sergio Guzman, the director of local risk consultancy Colombia Risk Analysis told NGI. During…

June 24, 2022
Colombia’s Ecopetrol, Oxy Teaming Up On Deepwater Exploration as Natural Gas Takes Center Stage

Colombia’s Ecopetrol, Oxy Teaming Up On Deepwater Exploration as Natural Gas Takes Center Stage

Colombian national oil company Ecopetrol SA and a unit of Occidental Petroleum Corp. (Oxy) have signed a deal to jointly explore four deepwater areas in the Caribbean. Blocks COL 1, COL 2, COL 6 and COL 7 are located, on average, about 150 kilometers or 93 miles off Colombia’s northern coast. The companies, which also…

May 18, 2022
Colombia’s Oil, Natural Gas Reserves Said Rapidly Dwindling

Colombia’s Oil, Natural Gas Reserves Said Rapidly Dwindling

Colombia’s oil and gas production along with its proven reserves are falling and investment will likely fail to recover to pre-Covid-19 pandemic levels this decade, according to new analysis from Rystad Energy. Colombia is Latin America’s third-largest oil and gas producer behind Brazil and Mexico, but crude oil production this year is on track to…

December 21, 2021
Colombia’s Ecopetrol Upping Oil, Natural Gas Production, Increasing Capex

Colombia’s Ecopetrol Upping Oil, Natural Gas Production, Increasing Capex

Colombia’s state oil company Ecopetrol SA has recovered from a production blip in the second quarter and is upping capital expenditures (capex) for 2022 executives said during a recent conference call. Months of anti-government protests starting in late April hampered oil and gas activity in the country in the first half of this year. However,…

November 16, 2021
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
‹ Previous 1 2