Brought to you by Quest Offshore & Southern Cone Consultants
A new company in Colombia has proposed the South American republic’s first offshore wind farm.The Colombian Martime General Directorate (DIMAR) issued Resolution 9 of 2021 in January. This authorizes Vientos Alisios to conduct pre-feasibility studies from the Port of Cartagena.The proposed 200 MW wind farm, 15 km from the coast, is expected to use 35... Continue Reading →
(Reuters) - Colombia’s majority state-run oil company, Ecopetrol, will make up to $15 billion of organic investment between 2021 and 2023, it said on Tuesday, as it reported an 87.3% drop in 2020 net profit. The company will invest $12 billion to $15 billion over the next three years, Ecopetrol said in a statement, averaging... Continue Reading →
The United Kingdom, Kuwait, Canada, United States, Colombia top energy intelligence firm Rystad's list of countries that offer the best fiscal conditions for the development of large offshore oil fields. After what has been described as a disappointing year for offshore sanctioning, Rystad expects offshore sanctioning to rebound to at least $56 billion in 2021... Continue Reading →
(Reuters) - Colombia’s majority state-owned oil company Ecopetrol has sold its 50% stake in Offshore International Group (OIG) via a share purchase agreement with a subsidiary of De Jong Capital LLC, it said on Tuesday. The divestment follows a successful bidding process carried out by Ecopetrol and its partner Korea National Oil Corporation with a... Continue Reading →
(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina, today announced its operational update for the three-month period ended December 31, 2020 (“4Q2020”). All figures are expressed in US Dollars. Growth... Continue Reading →
Royal Dutch Shell has acquired a 50% operating stake in the Fuerte Sur, Purple Angel and COL-5 blocks, located in deep water off the Colombian Caribbean coast, from Colombia’s state-owned oil company, Ecopetrol. Shell’s (RDS.A) involvement is seen as a great opportunity for Colombia to develop its energy potential in a safe and efficient manner.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it will rationalize its international presence in 2021, considering the three main oil markets in the world - Europe, North America and Asia. In this way, it will concentrate its commercial operations outside Brazil in the offices in Rotterdam, the Netherlands, Houston, United States, and Singapore. The initiative... Continue Reading →
Noble Energy has changed its previously announced contract for the Maersk Drilling-owned drillship Maersk Valiant following a decision not to drill the Colombian offshore well this year. In its fleet status report on Friday, Maersk Drilling said it has agreed with Noble Energy to amend the previously announced contract for the drilling of one well offshore Colombia... Continue Reading →
(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina today announced the successful testing of the Indico 2 appraisal well in the CPO-5 block (GeoPark non-operated, 30% WI1) in Colombia. The... Continue Reading →
While offshore Brazil, Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Colombia. The Andean country’s Caribbean coast is believed to hold considerable oil and natural gas potential. It was with much fanfare that Diego Mesa, Colombia’s Minister of Mines and... Continue Reading →
Brazil Energy Insight 