The COVID-19 pandemic has hit Colombia and its economy, including the vital energy sector, particularly hard. After implementing one of the world’s longest pandemic lockdowns during 2020, which took the Continue Reading
Colombia will extend coronavirus restrictions based on intensive care unit occupancy rates, President Ivan Duque said on Sunday, amid rising case numbers. Slideshow ( 2 images ) The Andean country, Continue Reading
It was roughly a decade ago when hydraulic fracturing, known as fracking, was identified as a crucial means for boosting Colombia’s meager hydrocarbon reserves and production. A shortage of proved Continue Reading
The world’s fifth-largest coal exporter, Colombia, is confident that continued coal demand in Asia will warrant Colombian government support to the industry for at least two more decades, even after Continue Reading
There has long been an association between petroleum production, political repression, poor governance, and increased internal conflict. For strife-torn oil-dependent Colombia, which is claimed to be Latin America’s longest-running democracy, Continue Reading
Oil flow through Colombia’s Cano Limon-Covenas pipeline was suspended on Friday after an attack with explosives started a fire, Cenit, a subsidiary of the country’s majority state-owned oil company Ecopetrol, Continue Reading
Colombia country is facing its worst economic catastrophe of modern times because of the global COVID-19 pandemic. The IMF believes that the strife-torn Latin American country’s economy will shrink by Continue Reading
Colombia’s oil sector in 2021 is expected to see a continuance of Covid-19’s dampening effects that beset it in 2020, according to industry leaders and analysts. Receive daily email alerts, Continue Reading
The last year has been rough for Colombia’s economically vital petroleum industry. Toward the end of 2019 and at the start of 2020 government and industry bodies were expecting a Continue Reading
While offshore Brazil , Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Continue Reading
Despite significant headwinds, including a prolonged oil price slump, Colombia’s national oil company Ecopetrol r eported a solid third quarter 2020 profit with net income of around $222 billion. This Continue Reading
For almost a decade the Andean country of Colombia has been battling to significantly boost its low proven petroleum reserves and lengthen the production life of its economically vital oil Continue Reading
After a positive start to 2020 there is little evidence of a sustained recovery for the Andean country’s economically crucial oil industry. Significantly weaker oil prices, the COVID-19 pandemic and Continue Reading
Colombia’s oil history began in 1918 and entered a golden age in the late 1980s. Then, earlier this century, a new petroleum boom started, which was to bring considerable wealth Continue Reading
Violence has broken out yet again in strife-torn Colombia after a law student was killed by police in Bogota two weeks ago for allegedly breaching coronavirus social distancing restrictions. Those Continue Reading
While the August 2020 global rig count remains significantly lower than for the same period last year, because of oil’s protracted price slump, Colombia’s economically crucial petroleum industry appears to Continue Reading
In a surprise move roughly one month ago Colombia’s Supreme Court ordered the house arrest of former President Àlvaro Uribe after allegations of witness tampering. The considerable controversy this has Continue Reading
Sharply weaker oil prices, falling investment and dwindling oil production are weighing heavily on Colombia’s economic outlook. Last decade, the strife-torn Andean country bet its economic future on oil and Continue Reading
The latest oil price collapse coupled with the considerable economic fallout from the coronavirus pandemic has battered Colombia’s fragile economy. As the strife-torn Latin American country emerged from decades of Continue Reading
The considerable optimism surrounding oil at the end of 2019, when Brent was trading at $68 a barrel has turned sour. The demand shock triggered by the coronavirus and subsequent Continue Reading
Avianca Holdings , Latin America’s second-largest airline, filed for bankruptcy on Sunday, after failing to meet a bond payment deadline, while its pleas for coronavirus aid from Colombia’s government have Continue Reading
Fracking could give Colombia’s oil industry a new lease on life. Latin American states like Colombia have been important producers of oil and gas for this southern continent, the Caribbean Continue Reading
Colombia’s top administrative court on Friday began hearings that could be long and contentious about proposals to drill for oil using the technique known as fracking, hailed for sharply boosting Continue Reading
Exxon Mobil Corp and Colombia’s state-run oil company Ecopetrol SA have each signed joint contracts with Spain’s Repsol SA to explore for oil in offshore blocks in the Caribbean, the Continue Reading
Colombia’s government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments Continue Reading
Saudi Arabia and non-OPEC producer Colombia plan to strengthen energy cooperation, Saudi Energy Minister Khalid al-Falih said on Twitter after a meeting with his counterpart Maria Fernanda Suarez in Bogota. Continue Reading
The development of non-conventional oil deposits using fracking could generate $500 million per project per year in taxes, royalties, dividends for shareholders and salaries in Colombia, the country’s private oil Continue Reading
“Darwin said only the fittest survive, and that’s where we are in Venezuela,” said Jorge Useche, 43 years old, explaining why he’d taken a 10-hour bus ride to the border Continue Reading
Six mostly foreign companies have so far made bids to explore for oil in 21 areas in Colombia under a new system that seeks to boost investment and find new Continue Reading
Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator said, after repeated Continue Reading
The flow of migrants fleeing Venezuela’s collapsing economy is increasing every day, putting a strain on Colombia’s health and education systems and its jobs market, Colombian President Juan Manuel Santos Continue Reading
Colombia plans to award up to 15 oil blocks next month and will begin routinely offering onshore and offshore areas for exploration and production in May, the head of the Continue Reading
Colombia is expected to export 13.8 million barrels of crude in March, 11% less than February, according to a preliminary loading program seen by S&P Global Platts Friday. About 4.5 Continue Reading
Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start Continue Reading
Colombia’s Transandino pipeline stopped operating on Sunday after a bomb planted by ELN rebels caused a crude spill into a nearby river, according to a joint announcement by Ecopetrol and Continue Reading
Colombia has begun receiving is first sustained imports of bulk liquid propane gas, with volumes expected to rise significantly in the coming years as the country’s natural gas reserves and Continue Reading
Ecopetrol will invest between $3.5 billion and $4 billion during 2018, the majority in production and exploration projects. BOGOTA, Nov 22 (Reuters) – Colombia’s state-run oil company Ecopetrol said on Continue Reading
Colombia’s oil production has been falling for the last four years. It’s not just the 2014 price crash that pressured output: The country’s fields are depleting and new discoveries are Continue Reading
“Down with the dictatorship,” reads graffiti on a Caracas wall Colombia’s President Juan Manuel Santos says his country will not recognise the result of Sunday’s vote in neighbouring Venezuela to Continue Reading
Colombia’s oil industry continues to face bombings and other security challenges even after last year’s peace deal that ended a long-running guerrilla conflict, a top Colombian oil official said Tuesday. Continue Reading
Colombia’s smaller rebel group has unleashed a wave of attacks on the country’s No. 2 oil pipeline, a show of strength amid peace talks that’s creating a headache for companies Continue Reading
State-controlled Ecopetrol reported a 14% year-on-year reduction in proven reserves through December 31, a decrease that reflects three years of declining oil field investment in Colombia’s oil patch, it said Continue Reading
Bomb attacks last week halted pumping operations along Colombia’s second most important oil pipeline, the Cano-Limon Covenas, state oil company Ecopetrol said on Sunday. The company did not say who Continue Reading
A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far. A U.S. subsidiary of Continue Reading
A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far. A U.S. subsidiary of Continue Reading
FARC peace accord may increase protests and delays: Campetrol Group slashes 2016 oil production target to 800,000 b/d While Colombia’s recent agreement to end 52 years of internal war with Continue Reading
Analysts and industry sources are skeptical that the peace agreement announced this week between the Colombian government and a rebel group with which it has been at war for a Continue Reading
Rain, security situation hampering pipeline repairs: union Three fields operated by company halted since July 15: union Occidental Petroleum Corp. will have to wait at least a few more days Continue Reading
Venezuelan exports of natural gas to Colombia are unlikely in the short term, despite state-owned PDVSA’s claims to have increased its gas production in 2015 by 334,000 Mcf/d or 4.3% Continue Reading
Attack affects about 6 percent of the country’s crude output Repairs on pipeline may be concluded by tomorrow: union Colombia, South America’s third-largest oil exporter, shut in production in at Continue Reading
