Colombia
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.
News
October 05, 2020
. The transaction, which is expected to close in the fourth quarter of 2020, includes operations and working interests in the Llanos Norte, Middle Magdalena and Putumayo Basins. Occidental will retain a presence in country with its exploration blocks offshore Colombia.
News
July 17, 2020
The new plan ensures the sustainability of the business in an environment of low prices, prioritizing cash-generating opportunities and with better equilibrium prices, and maintaining growth dynamics with a focus on the execution of development plans for strategic assets.
News
January 10, 2020
Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant which will be employed by Noble Energy for a one-well campaign offshore Colombia.
News
December 09, 2019
The new exploration contracts increase Canacol's land position for conventional natural gas in Colombia to 1.4 million net acres.
News
December 02, 2019
Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations.
News
October 16, 2019
Ecopetrol reports that the Flamencos-1 well, located in Puerto Wilches, confirmed presence of crude oil in the La Paz formation.
News
August 26, 2019
Ecopetrol will employ unmanned underwater gliders to navigate an extensive area of the Colombian Caribbean to acquire information related to physical-chemical variables of the ocean.
News
August 13, 2019
Ecopetrol recorded net profits of $ 6.2 billion in the first half of 2019, the highest since 2013 for the first half. Profits grew 1.6% while the price of Brent crude decreased 7% in that period.
News
July 29, 2019
Ecopetrol and Cenit report that unidentified individuals deliberately set fire to four temporary crude oil retention pools containing 2,600 barrels of oil in the Colombian municipality of Arauquita, Arauca.
News
July 25, 2019
Under the newly signed contract, the company will provide all maintenance and services for the software platform for five years, as well as all technical and production services required to allow Production Performance Management.
News
February 27, 2019
U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports, historically one of America’s top oil suppliers.
News
August 31, 2018
Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, has announced that the spudding of Pintadillo-1, in the central part of the Platanillo Block, using Rig D-10, occurred on Aug. 30, 2018.
News
August 17, 2018
Frontera Energy Corporation has announced positive drilling results from the Acorazado-1 well located on the 100% owned and operated Llanos 25 block onshore Colombia. As a result, the well is being cased in preparation for testing.
News
July 06, 2018
Ecopetrol reports that Búfalo-1 well confirmed the presence of oil in the Valle Medio del Magdalena, located near the town of Guaduas, Department of Cundinamarca.
News
February 06, 2017
GeoPark Limited, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, has announced new drilling successes in the Llanos 34 Block (GeoPark operated with a 45% working interest), in Colombia.
