WorldOil U.S. sanctions on Venezuela are a blessing to Colombian oil U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports, historically one of America’s top oil suppliers. Colombia plans Mexico-style oil hedge after recent volatility Colombia is planning to hedge its oil exports to protect the government from the violent swings in revenue it suffered in recent years. Amerisur Resources spuds Pintadillo-1 well, in Colombia 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. Frontera Energy Corp. announces positive drilling results in Colombia 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. Ecopetrol announces new oil finding at Cundinamarca, Colombia 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. Regional Report: Latin America Is Latin America’s fragile market cracking under pressure? Despite the rise in crude prices, many Latin American countries are still grappling with considerable debt and declining production rates. SNC-Lavalin awarded engineering contract by Ecopetrol in Colombia SNC-Lavalin has announced that it has been awarded a contract by Ecopetrol in Colombia for conceptual, basic and detailed engineering on high and medium-complexity projects through to 2020. Packers Plus, Gran Tierra partner for improved resource development in Colombia Packers Plus Energy Services Inc. is pleased to have partnered with Gran Tierra Energy to optimize well performance as the company advances its conventional development program in Colombia. Lloyd’s Register chosen for major exploration drilling project offshore Colombia Lloyd’s Register’s well management expertise is being used by Ecopetrol Costa Afuera S.A.S. (ECAS) of Ecopetrol, for offshore exploration drilling operations in Colombia. Oil and Gas in the Capitals Notwithstanding Latin America’s limited economic growth, exploration investments are the common denominator in the region’s major oil and gas plays.