Colombia
News
January 23, 2023
Canacol Energy made three gas discoveries at Dividivi 1, Saxofon 1, and Chimela 1 in Colombia’s Middle Magdalena basin. The company also provided updates regarding its near-term drilling programs.
News
January 19, 2023
Speaking in a panel on energy transition from the World Economic Forum at Davos, Colombia's Energy and Mines Minister doubled down on President Gustavo Petro’s campaign promise to transition the country away from fossil fuels.
News
December 09, 2022
Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta on Dec. 9. The deal will see Houston American Energy gain ownership of Hupecol's acreage in the CPO-11 block located in Colombia's Llanos basin.
Article
February 2022
Every region will post an increase, led by the Middle East, the Americas, Africa and the FSU. Offshore activity will grow at about the same pace as onshore drilling.
News
February 11, 2022
A proposal to abruptly end oil and gas exploration in Colombia would lead to higher prices for local consumers and be challenged in court, according to the country’s state-run driller.
Article
January 2022
Underinvestment—a good strategy?
News
January 17, 2022
Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels.
Article
December 2021
Latin America’s oil industry needs greater political stability to keep growing
News
December 09, 2019
The new exploration contracts increase Canacol's land position for conventional natural gas in Colombia to 1.4 million net acres.
News
December 02, 2019
Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations.
News
October 16, 2019
Ecopetrol reports that the Flamencos-1 well, located in Puerto Wilches, confirmed presence of crude oil in the La Paz formation.
Article
September 2019
Another mixed outlook awaits the E&P sector
News
August 13, 2019
Ecopetrol recorded net profits of $ 6.2 billion in the first half of 2019, the highest since 2013 for the first half. Profits grew 1.6% while the price of Brent crude decreased 7% in that period.
Article
May 2018
Despite the rise in crude prices, many Latin American countries are still grappling with considerable debt and declining production rates.
Article
August 2017
Notwithstanding Latin America’s limited economic growth, exploration investments are the common denominator in the region’s major oil and gas plays.
Article
May 2017
Latin America schleps forward on its quest for recovery
News
February 06, 2017
GeoPark Limited, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, has announced new drilling successes in the Llanos 34 Block (GeoPark operated with a 45% working interest), in Colombia.
Article
May 2016
Despite the industry downturn, regionwide potential drives E&P forward
Article
May 2015
Mexico is the world’s 10th largest oil producer and has some of the largest reserves in the Western Hemisphere.
Article
May 2015
Responding to falling oil prices, some Latin American governments push energy investment, while others slash E&P budgets.
