Big firms abandon wind energy plans in Colombia amid regulatory shifts, social issues and grid gaps

By STEVEN GRATTAN Associated Press (AP) — Colombia’s ambitious plans for wind energy development, especially in the resource-rich La Guajira region, are facing serious setbacks as major companies pull out and projects stall, industry experts say. Margarita Nieves, director of the Colombian Offshore Wind Research Network, told The Associated Press that despite large targets — including... Continue Reading →

June 5, 2025 0

Norway’s Statkraft selling renewable assets in Colombia to Ecopetrol

(Reuters) - Colombian state-run oil company Ecopetrol said on Tuesday it agreed to buy 10 wind and solar energy project development companies from Norway's Statkraft. Ecopetrol CEO Ricardo Roa said the portfolio of projects could total up to 1.3 gigawatts in capacity, but did not disclose the value of the transaction. Statkraft bought the assets last... Continue Reading →

May 22, 2025 0

Colombia seeks to join China-based development bank as Latin America drifts away from Washington

(AP) — Colombia's government has applied to join a China-based development bank, another sign of Latin America's drift away from the U.S. as the Trump administration's foreign aid cuts, trade barriers and crackdown on immigration spurs many leaders in the region to seek closer ties with Washington's geopolitical rival. Colombian President Gustavo Petro wrapped up a visit to China this... Continue Reading →

May 19, 2025 0

Guyana Passes Bill Making Firms Liable for Oil Spill Damages

(Reuters) Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels. The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signed into law by President Irfaan Ali. Guyana, whose oil production... Continue Reading →

May 19, 2025 0

Petrobras reveals plans to drill new wells in the ARAM block and abroad

(PN) Petrobras' Director of Exploration and Production, Sylvia dos Anjos, detailed the company's next steps in Brazil and abroad during a press conference. One of the company's focuses continues to be the Aram area, in the pre-salt layer of the Santos Basin, where two new drillings are planned, following the second discovery of oil in... Continue Reading →

May 14, 2025 0

Colombia’s Ecopetrol plans cost cuts as lower oil prices bite

(Reuters) - Colombia's state oil firm Ecopetrol is planning to cut some 1 trillion pesos ($232 million) in costs and expenses and signaled more flexibility in its investment plan for this year, Chief Executive Ricardo Roa said on Wednesday. Roa spoke in call with analysts as the oil firm faces falling oil prices that ate into... Continue Reading →

May 7, 2025 0

OTC 2025: Petrobras CEO outlines company’s aggressive E&P plans

(OM) Petrobras has upped its oil and gas exploration budget to develop new frontiers and expand production, even as it intends to foster the “energy transition” and work towards the Net Zero by 2050 goal. Those were among the thoughts offered by Petrobras CEO Magda Chambriard at a technical session held on Monday at the... Continue Reading →

May 6, 2025 0

Colombian oil and gas group proposes measures to mitigate E&P drop

(Reuters) - The main Colombian guild for oil, gas, and energy service companies proposed on Tuesday several measures to mitigate the drop in exploration and production (E&P) of oil and to take on the natural gas deficit in the South American country. Campetrol's proposed measures include declaring offshore projects necessary for future gas supply, adjusting... Continue Reading →

April 29, 2025 0

Noble Reports Strong Outlook, New Contracts

(OE) Noble Corporation has reported that its contract drilling services revenue for the first quarter of 2025 totaled $832 million compared to $882 million in the fourth quarter of 2024, with the sequential decrease driven primarily by the benefit received in the fourth quarter of 2024 from the Noble Deliverer's early termination fee. Contract drilling... Continue Reading →

April 29, 2025 0

Guyana’s Q1 oil output rises 3% yr/yr to 631,000 bpd

(Reuters) - Oil output in Guyana fell about 3% to 627,000 barrels per day (bpd) in March from the previous month, but the 631,000 bpd produced in the first quarter was 3% higher year-on-year, data from the country's energy ministry showed on Thursday. Guyana last year became Latin America's fifth largest oil exporter after Brazil, Mexico, Venezuela... Continue Reading →

April 25, 2025 0

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