$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

(offshore-energy.biz) Despite the challenges hitting the fossil fuel industry, demand for hydrocarbons remains steady, as confirmed by the global engineering, procurement, and construction (EPC) contracting activity across the offshore oil and gas landscape. The batch of new projects, which are expected to reach the EPC stage this year, will lead to awards worth billions of... Continue Reading →

January 15, 2025 0

Guyana oil exports jump, gain Europe market share in 2024

(Reuters) - Guyana's oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European refiners' demand for easy-to-process sweet crudes to replace some Middle Eastern grades, according to traders and shipping data from financial firm LSEG. Since it started exporting oil in early 2020, the burgeoning oil nation has emerged as the... Continue Reading →

January 8, 2025 0

Foreign Investment Fuels Colombia’s Green Energy Revolution

(Oilprice.com) Colombia is a major producer of oil and gas and is steadily developing its renewable energy industry. In 2016, the South American state launched its Energy Plan 2050, aimed at diversifying the country’s energy mix to include wind power plants, solar PV, and geothermal energy generation, and ensure a reliable energy supply in the... Continue Reading →

January 2, 2025 0

Occidental Petroleum’s Subsidiary Secures Oil and Gas Permit Off Colombia

(Reuters) Colombia's national environmental licensing agency (ANLA) on Friday said it has awarded an environmental license to Anadarko Colombia Company, a subsidiary of Occidental Petroleum, to carry out oil and gas exploration in the country's Caribbean waters. The exploration will take place in Block Col-1, the ANLA said in a statement, where Environment Minister Susana... Continue Reading →

December 26, 2024 0

Colombia Is at Risk of Repeating Brazil’s Costly Fiscal Mistakes

(Bloomberg) -- Colombia and Brazil are both run by leftist presidents with ambitious social agendas. Now the neighboring Latin American nations have something else in common: growing investor fears about government finance. In the first two years of their mandates, Gustavo Petro and Luiz Inacio Lula da Silva have taken similar tacks to boost their... Continue Reading →

December 25, 2024 0

EDPR pulls plug on 500 MW of wind projects in Colombia

( renewablesnow.com) EDP Renovaveis SA (ELI:EDPR) announced on Thursday it has decided to exit 500 MW of wind projects in Colombia as they are no longer economically viable. The company cited several factors behind their decision, including delays stemming from the 2020 pandemic, shifts in government that prompted adjustments to the requirements for the environmental... Continue Reading →

December 20, 2024 0

All Applicants Pre-Qualified for Colombia’s First Offshore Wind Tender

(offfshoreWIND.biz) All companies that submitted applications to participate in Colombia’s first offshore wind tender have been pre-qualified, meeting legal, financial, and technical requirements. The announcement was made on 9 December by Colombia’s National Hydrocarbons Agency (ANH). Among the companies included in the preliminary list of qualified bidders are energy giants from Belgium, the UK, Spain, and... Continue Reading →

December 11, 2024 0

Petrobras and Ecopetrol confirm Colombia’s largest gas discovery

Petrobras, following up on communication of October 3, 2024, through its wholly-owned subsidiary Petrobras International Braspetro B.V. - Colombia Branch (PIB-COL), and Ecopetrol confirm the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well. The drilling of Sirius-2 began on June 19, 2024. The well is located within the... Continue Reading →

December 5, 2024 0

Ecopetrol to allocate half of 2025 budget to exploration and production

(offshore technology) Ecopetrol’s board of directors has approved the 2025 investment budget ranging from 24trn to 28trn pesos, with more than half allocated to crude and gas exploration and production. Approximately 20.3trn pesos, 76% of the 2025 budget, are expected to be allotted for profitable production levels between 740,000 and 745,000 barrels of oil equivalent... Continue Reading →

December 3, 2024 0

Colombia’s Ecopetrol to build green hydrogen plant at Cartagena refinery

(Reuters) - Colombia's majority state-owned energy company Ecopetrol plans to build a new green hydrogen plant at its refinery in the Caribbean city of Cartagena for some $28.5 million, it said in a statement on Monday. The plant will produce 800 tonnes of green hydrogen a year, making it Latin America's biggest, Ecopetrol said in the... Continue Reading →

December 2, 2024 0