Ecopetrol CEO says oil industry’s future not threatened by energy transition

(Reuters) - Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy, Ecopetrol (ECO.CN) CEO Ricardo Roa said on Tuesday, in response to a union statement which alleged executive decision-making is threatening the majority state-owned company's future. The government of President Gustavo Petro, Colombia's first leftist leader, has set... Continue Reading →

Challenges Loom as Colombia Seeks Offshore Gas Development

(OE) Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability, and required infrastructure investments all make the situation uncertain, energy industry intelligence group Wood Mackenzie has found. According to Wood Mackenzie, the development of recent offshore gas discoveries... Continue Reading →

International Energy Majors Interested In Colombia’s Offshore Gas

(OP) International oil and gas majors, including UK-based Shell and Brazil’s Petrobras, have shown interest in expanding their participation in natural gas projects offshore Colombia, Ricardo Roa, the head of Colombia’s state energy firm Ecopetrol, has told Bloomberg in an interview. Colombia’s Caribbean coast has several promising offshore gas projects and recent deepwater discoveries have raised the... Continue Reading →

Colombia Mulls Making Ecopetrol Mandatory Partner in Offshore Wind Farms

(Reuters) Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters. The Ministry of Mines and Energy will consult businesses interested in taking part in Colombia's first-ever offshore wind auction about the proposal, one of the sources said in recent days, adding... Continue Reading →

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