Colombian President Gustavo Petro is planning to end contracting for hydrocarbon exploration. The plan could endanger the country’s energy security. Some analysts warn that ending contracting for hydrocarbon exploration could Continue Reading
Crude oil is Colombia’s largest export responsible for around a third of the Andean country’s total exports by value. Colombia’s lack of proven oil and natural gas reserves, and the Continue Reading
Colombia inaugurated its new president, former leftist guerilla Gustavo Petro. The notoriously anti-oil president is already making moves to extract more revenue from the mining and oil industries. Colombia is Continue Reading
Investors are growing increasingly wary of Colombia’s struggling oil industry. A lack of discoveries has pushed the country to look to fracking, though the move has been met with major Continue Reading
Colombia’s oil industry has been in a death spiral since the beginning of the COVID-19 pandemic. Growing community and political opposition to Colombia’s oil industry adds an elevated risk to Continue Reading
Political instability and growing crime in Colombia is weighing on its already-struggling oil industry. Colombia still relies heavily on oil and gas for its own energy security as well as Continue Reading
Rising security risk and rural violence, which is mostly fueled by the vast profits generated by the cocaine trade, is a key deterrent to attracting onshore oil investment in Colombia. Continue Reading
Crude oil production in Colombia this year is on track to hit its lowest level since 2009 Colombia is in urgent need of additional investments and exploration success as proven Continue Reading
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry. Investment in the oil and gas sector fell by nearly 50% in 2020. Colombia Continue Reading
Theft from oil pipelines in Colombia is booming as criminal gangs look to replace dwindling supplies of smuggled Venezuelan gasoline for use in the drug trade, as shown by data Continue Reading
Colombia’s majority state-owned oil company Ecopetrol on Friday reported an attack against a pipeline used to transport crude from the La Cira Infantas oil field to the Andean country’s most Continue Reading
Colombia on Friday signed exploration and production contracts for four off-shore blocks with energy company Anadarko, a subsidiary of Occidental Petroleum Corp , with expected investment commitments of $1.4 billion. Continue Reading
Conflict-torn Colombia’s economically crucial oil industry continues to labor under the pressure of an array of threats. After being severely impacted by the pandemic oil output in the Andean country Continue Reading
Post-FARC peace treaty violence is at an all-time high with 2021 on track to be the most violent year in Colombia in a decade. Massacres and violent crimes, including the Continue Reading
After being rocked by a harsh 2020 where the March 2020 oil price collapse and the coronavirus pandemic sharply impacted operations Colombia’s economically vital petroleum industry is struggling to recover. Even attempts Continue Reading
The strife-torn South American nation of Colombia was rocked by anti-government protests which commenced in late April 2021 and lasted for roughly two months. By mid-May 21 road blockades had Continue Reading
Despite being wracked by nationwide anti-government protests the prospects for Colombia’s beaten-down oil industry are improving. Most of the protests and blockades of major roads have been ended allowing onshore Continue Reading
Key Latin American U.S. ally and the region’s fourth-largest oil producer Colombia finds itself rocked by anti-government protests which are now into their third week. This has even reignited fears Continue Reading
Colombia’s oil industry is yet again under considerable pressure, despite the national government in Bogota attempting to reactivate the economically crucial sector. The March 2020 oil price crash, COVID-19 pandemic, Continue Reading
Once again, for the third time in less than two years, Colombia is saturated by protests sparked by President Ivan Duque’s proposed tax reforms which are aimed at stabilizing government Continue Reading
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
