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(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 →
( 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 →
(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 →
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 →
(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 →
(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 →
(Reuters) - Spanish oil company Repsol (REP.MC), opens new tab has agreed to sell oil and gas production assets in Colombia to Geopark (GPRK.N), opens new tab for $530 million, the two companies said on Friday. The assets include Repsol's oil extraction operation in central Colombia and a 25% stake in SierraCol Energia Arauca, the Spanish company said in... Continue Reading →
(Reuters) - Peru's indebted state-run oil firm PetroPeru could consider offering a minority stake to private investors in the second half of 2025, when the company hopes to emerge from a crisis and post profits, Chairman Alejandro Narvaez told Reuters on Wednesday. At an interview in his office in Lima, Narvaez said the offering would only start... Continue Reading →
This annual access tool allows the user to investigate numerous market facets of the Bottom-Fixed and Floating Offshore Wind market. The Q Vision Project Details & Economics module offers 15 distinct lenses covering the value of supply chain segments Substructure (Floater), Turbine, (Mooring), Cabling and Installation. The different lenses focus on developer, designer and regional differences for the future... Continue Reading →
(Reuters) - Colombia's majority state-owned oil producer Ecopetrol on Wednesday reported that its third-quarter net profit fell 28% to 3.65 trillion pesos ($826.95 million) compared to the same period last year, citing changes to oil prices and inflation. Total sales meanwhile slipped 1.5% to 34.61 trillion pesos in the July through September period, Ecopetrol said in... Continue Reading →
Brazil Energy Insight 