Colombia – Oil & Gas 360

Exclusive: Parex Resources at EnerCom Denver – The Energy Investment Conference 2025

August 29, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. With over 10 years of experience, Parex is now the largest independent exploration and production company in Colombia. We are focused on delivering sustainable, conventional oil and gas production and

Colombia oil investments could Hit $4.68 Billion in 2025

May 30, 2025

(Oil Price) – Crude oil and natural gas investments in Colombia could rise to $4.68 billion this year, from $4.33 billion in 2024, the country’s oil and gas industry association said, adding that this will not lead to higher production. “Today more investment is required to produce the same amount of oil, due to the natural depletion of the fields and

Ecopetrol will push on with gas drilling in Colombia after Shell exit

May 29, 2025

(World Oil) – Ecopetrol SA plans to continue drilling for natural gas in Colombian Caribbean waters after partner Shell Plc exited three offshore blocks, betting on growing domestic demand and potentially lucrative reserves. Shell said in April it would pull out of the COL-5, Purple Angel and Fuerte Sur blocks as part of a “strategic” decision, ending its oil and gas

Colombia’s GeoPark appoints Felipe Bayon as its new CEO

April 25, 2025

(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. This appointment follows the decision of Andrés Ocampo to step down for personal reasons. Mr. Bayon is recognized

Ecopetrol eyes SierraCol purchase to boost output, reserves in Colombia

April 2, 2025

(World Oil) – Colombia’s state-owned Ecopetrol SA is considering buying Carlyle Group’s oil driller in the nation as it looks to boost reserves and output, its top executives said in an interview. Carlyle Group is seeking to sell SierraCol Energy Ltd., Colombia’s biggest independent oil producer, for $1.5 billion, Reuters reported last month. The assets were purchased from Occidental Petroleum Corp.

Colombian president cancels oil joint venture with U.S. company

February 5, 2025

(Oil Price) – Colombia’s president, Gustavo Petro, has canceled a joint venture between state energy company Ecopetrol and Occidental Petroleum on environmental concerns regarding hydraulic fracturing. Bloomberg reported that Petro had shared his concern on national TV, saying he was against a recent expansion of the deal between Ecopetrol and Oxy because it involved fracking, going counter to his energy policy

Turmoil at Colombia’s Ecopetrol raises profit fears ahead of US investment decision

December 20, 2024

(Yahoo Finance) – BARRANCABERMEJA, Colombia – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former board member and analysts, come ahead of

Argentina to eclipse Colombia as oil production growth continues

December 12, 2024

(Oil Price) – Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Rystad Energy, and on its heels came another forecast, from the EIA: Argentina will soon eclipse Colombia as the third-largest oil producer in South America. It’s time for a new shale boom. Crude oil

GeoPark announces plans to acquire Repsol upstream assets in Colombia

December 2, 2024

(World Oil) – GeoPark has announced the signing of Sales and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream oil and gas assets in Colombia. The potential acquisition would incorporate high-quality assets located in the prolific Llanos Basin, one of Colombia’s most productive oil regions where GeoPark is already a well-established operator both

Perenco succeeds in drilling, discovery of three new wells for onshore Colombia

October 16, 2024

(World Oil) – Perenco Colombia successfully completed drilling of three new development wells on the Paravare and Chaparrito fields at Casanare, onshore Colombia. As a result of detailed seismic data analysis by the geoscience team, Perenco identified new channels in which a large quantity of oil has been discovered. The objective of the campaign was to increase production, and a

Petrobras, Ecopetrol ordered to halt drilling natural gas well offshore Colombia

September 16, 2024

World Oil (Bloomberg) – A Colombian judge ordered Ecopetrol SA and Petroleo Brasileiro SA to halt the drilling of an offshore gas well in the nation’s Caribbean waters after an Indigenous community sought legal protection. The community in the area of Taganga, near the city of Santa Marta, claimed their consent should have been requested before the companies were allowed

Petrobras makes deepwater natural gas discovery offshore Colombia

August 5, 2024

World Oil (WO) – Petrobras achieved the main target of the Uchuva-2 well, confirming the extent of the natural gas discovery made in 2022 while drilling of the Uchuva-1 well. This well adds relevant information for the development of a new frontier of exploration and production in Colombia, reinforcing the volumetric potential for natural gas in the region. Uchuva-2 well,

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