Colombia
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
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.
News
August 24, 2021
Pemex left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more regular basis — then refused to discuss why they’d soared by double-digits from April to June, compared to a year ago.
News
July 06, 2021
Patterson-UTI Energy Inc. has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295 million, which includes the retirement of all Pioneer Energy Services’ debt.
News
July 01, 2021
Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export.
News
March 18, 2021
Ecopetrol has selected Aspen GDOT dynamic optimization software as part of its digitalization initiative to improve refining margins at its two refineries in Cartagena and Barrancabermeja, and upgrading to Aspen DMC3 advanced process control software in Barrancabermeja refinery.
News
March 02, 2021
With the “Evolution of the Upstream Business Model” panel, CERAWeek explored the significant variations in the ways major oil and gas firms are approaching the changing landscape of the energy transition.
News
February 26, 2021
Ecopetrol SA, Colombia’s biggest oil company, would hand over about $4 billion to the government in exchange for control of another state-sponsored outfit, the electric utility giant known as ISA. The deal, as investors from Bogota to New York see it, has all the markings of a cash-strapped federal government forcing a state-run company to bail it out.
