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(Reuters) - U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, the highest in seven months according to U.S. Customs data, as buyers began replacing Russian supplies. The United States in March banned imports of Russian crude and refined products over its invasion of... Continue Reading →
(Reuters) - Colombia's majority state-owned energy company, Ecopetrol (ECO.CN), on Wednesday announced an agreement to develop four offshore, deep-water blocks with a subsidiary of U.S. oil major Occidental (OXY.N). The four blocks are located in deep waters some 150 kilometers off Colombia's northern Caribbean coast, Ecopetrol said in a statement. Ecopetrol will take a 40% stake in... Continue Reading →
(Reuters) - Colombia will prioritize signing contracts for oil and gas blocks with companies making greater strides to cut carbon emissions, a government official said on Wednesday, adding the country needs to assign an average of 10 blocks a year to maintain fuel self-sufficiency. Colombia's oil and gas industry is a major source of income... Continue Reading →
(Reuters) - Colombia's majority state-owned oil company Ecopetrol (ECO.CN) said it will activate a contingency financing plan to avoid investment being affected while it waits for the government to pay 14.1 trillion pesos ($3.45 billion) it owes to the company. The debt the government owes to Ecopetrol (ECO.CN) corresponds to The Fund for Stabilization of Fuel Prices (FEPC), which... Continue Reading →
(Reuters) - Colombia's government must promote exploration and production of hydrocarbons or face the end of self-sufficiency in both oil and gas by 2028, the country's private oil producers association said on Monday. Colombia's oil and gas industry is a major source of income and foreign exchange for Latin America's fourth-largest economy. The government of... Continue Reading →
Offshore seismic data company ION Geophysical has completed reprocessing of the prestack time and depth imaging of over 62,000 km of legacy data acquired from the National Hydrocarbon Agency of Colombia (ANH) for its Colombia Caribe 2D reprocessing program. The Caribe Colombia Reprocessing project is a 2D multi-client program designed to improve understanding of the... Continue Reading →
As the Colombian Government launched the country’s Offshore Wind Roadmap on 3 May, BlueFloat Energy revealed it has seven offshore wind projects under development in the country. This is just half of what the company plans in South America since there are also seven projects the Spanish developer is planning offshore Brazil. In Colombia, BlueFloat... Continue Reading →
Colombia’s President Iván Duque and Minister of Mining and Energy, Diego Mesa, launched the country’s Offshore Wind Energy Roadmap on 3 May at an event in the city of Barranquilla, whose waters will become the home of the first offshore wind farm in Colombia. The objective of the roadmap is to build a transparent and... Continue Reading →
Offshore drilling contractor Transocean has been awarded a new contract and extensions for its rigs, adding $87.2 million to its backlog. A new contract award for one of the rigs means it is coming back from idle to work mode. As of 25 April, the company’s total backlog is approximately $6.1 billion, Transocean said late... Continue Reading →
(Reuters) - A judge in the Colombian city of Barrancabermeja on Thursday suspended an environmental license granted to a hydraulic fracturing - or fracking - pilot project, on the grounds that local communities were not properly consulted. Colombia's majority state-owned oil company Ecopetrol (ECO.CN) and partner U.S. oil major Exxon Mobil Corp (XOM.N) were given the green light to... Continue Reading →
Brazil Energy Insight 