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April 27 (Reuters) - Colombian state-run energy company Ecopetrol estimates a net profit of between two and three trillion pesos (between $563.1 million and $844.7 million) in the first quarter, the company said on Monday. Total revenue for the state oil producer is projected to be between 27 and 30 trillion pesos between January and... Continue Reading →
April 27 (oilprice.com) A shock oil price spike, after U.S. airstrikes on Iran, which sees Brent trading at over $100 per barrel, is giving hope of a recovery for Colombia’s beleaguered oil patch. Hydrocarbon production in the conflict-riven country is at multi-year lows, with adverse regulatory and tax reforms impacting investment in the economically critical sector. Nonetheless, higher oil... Continue Reading →
April 23 (Reuters) - Colombia's state oil firm Ecopetrol has agreed to buy a stake of around 26% in Brazilian energy firm Brava, in a deal that could result in the Colombian company taking a majority control of the Brazilian firm, they said on Thursday. The Colombian state firm expects to launch a public tender... Continue Reading →
April 23 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), in accordance with CVM Resolution No. 44, informs its investors and the market in general that it received a letter from Ecopetrol S.A., a mixed capital company linked to the Ministry of Mines and Energy of the Republic of Colombia, headquartered in Bogotá, D.C.,... Continue Reading →
April 16 (Reuters) - The Sirius offshore gas project in the Colombian Caribbean has completed more than half of its 120 required prior consultations, the head of Petrobras Colombia said on Thursday. The project is a joint venture between Brazil's Petrobras, which serves as operator with a 44.4% stake, and Colombia's state-run Ecopetrol, which holds... Continue Reading →
March 18, 2026 – Petróleo Brasileiro S.A. - Petrobras informs a new gas discovery in the Copoazu-1 exploratory well, located in Block GUA-OFF-O in deep waters offshore Colombia. This discovery consolidates the gas province and the gas potential in the Colombian offshore, while also adds a greater volume of gas to contribute to the region’s... Continue Reading →
March 14 (Reuters) - Colombia's Energy Minister Edwin Palma said Venezuela's state oil company PDVSA intends to end a contract with Colombia's Ecopetrol over the Antonio Ricaurte pipeline, saying there was insufficient investment to repair it. In a post on X on Saturday, Palma said the government plans to meet with the U.S. government on... Continue Reading →
March 11 (Reuters) - Colombia and Venezuela have agreed to repair a damaged section of a binational pipeline that will allow Bogota to import natural gas from its neighbor, Colombia's energy ministry said on Wednesday. The Antonio Ricaurte gas pipeline has been inactive for years. A roadmap for re-establishing operations was outlined in a meeting... Continue Reading →
March 5 (Reuters) - Colombia's state oil producer Ecopetrol plans to review its investment plan in April should oil prices, pushed up by the U.S.-Israeli war with Iran, continue to rise, it said on Thursday, adding it was eyeing opportunities with Venezuela. For now, Ecopetrol predicted it will invest an amount closer to the top... Continue Reading →
Feb 28 (oilprice.com) Last year was an event-filled period for South America’s growing oil industry. The continent’s energy map is being rewritten by a few unexpected world-class oil booms, which makes the region a key source of non-OPEC production growth. There is also the potential for Venezuela to reemerge as a major petroleum producer after U.S.... Continue Reading →
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