November 20, 2023
Colombia is studying whether to import natural gas and light crude from Venezuela to cut fuel costs.
October 24, 2023
The development of this natural gas reserve in the southern Caribbean has the potential to make a substantial contribution to the country's energy security and support Ecopetrol's ongoing energy transition efforts.
September 28, 2023
The Toronto-based company sees its natural gas production rising to 60 MMcfd in the third quarter of 2024 as its Sinu-9 block comes online in the Lower Magdalena basin, according to Chief Financial Officer Jorge Fonseca.
September 12, 2023
Recent deepwater discoveries have uncovered large volumes of natural gas that could eventually turn Colombia into an exporter of the fuel, and companies including Petroleo Brasileiro SA and Shell Plc have expressed interest in expanding their participation in these projects.
July 24, 2023
(WO) — Following the completion of testing, Parex Resources Inc. has announced the abandonment of its wholly-owned Chirimoya exploration well at VIM-431 in Colombia.
May 26, 2023
Colombia needs to consider the importance that oil and gas still have for the balance of payments and the fiscal accounts, Trade Minister German Umaña said.
May 24, 2023
The Lulo 1 exploration well, located on the 100% operated VIM21 Exploration and Production (“E&P”) contract, encountered 207 feet of net gas pay within the Cienaga de Oro (“CDO”) sandstone reservoir.
May 11, 2023
Chief Executive Officer Ricardo Roa told investors that he hoped more oil contracts and bidding rounds for exploration blocks would be forthcoming.
April 25, 2023
The company will target an increase of two percentage points in its oil recovery factor, or the amount of crude that can be extracted from a reservoir, he added, without elaborating on what the technology will be.
April 18, 2023
Chief Executive Officer Doug Manner commented, "We are disappointed that our VMM-37 partner for more than a decade, ExxonMobil, has voluntarily chosen to withdraw from both the JOA and Contract.
April 12, 2023
The additional term of the contract allows long-term investment in infrastructure and work programs to enhance oil recovery efficiency in existing fields, and appraisal drilling to potentially prolong the life of the fields.
March 17, 2023
The Canadian company is looking to step up output in Colombia, which accounts for most of its production, by improving techniques such as adding so-called waterflood facilities in the main fields.
March 06, 2023
Dozens of police and oil workers taken hostage after protesters stormed a field operated by China’s Sinochem Group have been released, Colombian President Gustavo Petro said.
March 03, 2023
Colombia’s oil industry has a history of violence from rebel groups and resistance from local communities, which makes it even harder for the country to reverse declining production of oil, a key source of export revenue.
January 23, 2023
Canacol Energy made three gas discoveries at Dividivi 1, Saxofon 1, and Chimela 1 in Colombia’s Middle Magdalena basin. The company also provided updates regarding its near-term drilling programs.
January 19, 2023
Speaking in a panel on energy transition from the World Economic Forum at Davos, Colombia's Energy and Mines Minister doubled down on President Gustavo Petro’s campaign promise to transition the country away from fossil fuels.
December 09, 2022
Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta on Dec. 9. The deal will see Houston American Energy gain ownership of Hupecol's acreage in the CPO-11 block located in Colombia's Llanos basin.
Every region will post an increase, led by the Middle East, the Americas, Africa and the FSU. Offshore activity will grow at about the same pace as onshore drilling.
February 11, 2022
A proposal to abruptly end oil and gas exploration in Colombia would lead to higher prices for local consumers and be challenged in court, according to the country’s state-run driller.
January 17, 2022
Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels.