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.
Latin America-focused E&P player Geopark will acquire Repsol’s upstream oil and gas assets in Colombia for USD 530 million, the companies said on Friday. Under the sale and purchase agreement, Geopark will acquire assets in the prolific Llanos Basin, one of Colombia’s most productive oil regions – an area where the company has established upstream […]
NG Energy has commenced production and sales from its Sinu-9 gas project in Colombia.
Brazil’s state-owned oil giant Petrobras has informed that the gas potential of the discoveries in the Gujaira Basin offshore Colombia is around 6 trillion cubic feet (Tcf).
Colombia’s state-controlled oil company Ecopetrol reported a net income for the second quarter that was down by 17.4% compared to the same period of 2023, due to external factors in variable market conditions.
The oil and gas industry is pushing the limits of offshore exploration with plans to drill a record-setting deepwater well in Colombia within months.