Parex Resources has completed its acquisition of the Colombian exploration and production assets of Frontera Energy, establishing the company as the largest independent oil and gas producer focused on Colombia.
Arrow Exploration has brought two new appraisal wells onstream in Colombia’s Llanos Basin, the company announced on Monday. The Mateguafa 9HZ (M-9HZ) well reached a total measured depth of 4,580 metres on February 7, 2026, encountering hydrocarbon-bearing intervals in the Gacheta, Carbonera C7 and Carbonera C9 formations. Arrow put the well in production on February […]
The company drilled six wells during the first half of the year. They include two successful attempts, Sirius-2 ST2 offshore and Currucutú-1 onshore, and two wells that are under evaluation, Toritos Oeste-1 and Toritos Sur-3.
After a tumultuous few years with protests, tax hikes, soaring violence, and bans on exploration weighing on Colombia’s economically vital oil industry, the inevitable has occurred: Big Oil is abandoning the strife-torn country.
Colombian businesses are bracing for a deepening shortfall in natural gas supply that threatens to shutter some operations.
Supplies of gas are expected to fall at least 10% short of demand next year, compared with 5% currently, according to the commodities exchange. In a worst-case scenario, the shortfall could reach as high as 20%.
In recent years, Colombia’s oil production and reserves have been in decline and interest in investing in the country’s crude seemed limited in the post-pandemic landscape. In addition, President Petro has been vocal about supporting a green transition and restricting investment in new fossil fuel projects. However, in recent months, there has been a renewed interest in developing exploration and production.
UAE-based technology incubator AIQ and Colombia’s national oil company Ecopetrol have signed a strategic collaboration agreement to deploy AIQ’s AI solutions in Ecopetrol’s operations, AIQ announced on Sunday.
Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years.
Colombia’s state-owned energy company Ecopetrol and Canadian independent Parex Resources have signed five new agreements to conduct E&P activities in Colombia’s Putumayo and Piedemonte basins, the companies announced on Wednesday. In the Putumayo basin, Parex will acquire a 50% working interest in the Orito, Area Sur, Occidente and Nororiente blocks and assume full operatorship. The company has […]
The company will invest USD 28.5 million in the plant, which will have an output of 800 tonnes of green hydrogen a year, placing it among South America’s largest such facilities.