Post Tagged with: "Colombia"

Source: Reuters

Colombia’s Ecopetrol to increase exploratory wells, roll over debt due in 2020

Reuters


BOGOTA – Colombia’s state-run oil company Ecopetrol ECO.CN will look to increase the number of exploratory wells it has planned through 2022 to up to 45 in a bid to further bolster reserves, company executives said on Wednesday.

Ecopetrol …

February 27, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Houston Chronicle

Chevron sells its natural gas assets in Colombia

Houston Chronicle


California oil major Chevron has entered into a deal to sell its natural gas assets in the South American nation of Colombia.

In a statement released Tuesday afternoon, Chevron confirmed the sale of its stake in a joint …

November 27, 2019 - 8:00 am Closing Bell Story‎, Energy News, International
Occidental and Ecopetrol Team Up in the Midland

Occidental and Ecopetrol Team Up in the Midland

By Tyler Losier, Energy Reporter, Oil & Gas 360

Occidental Petroleum and Ecopetrol S.A. form joint venture in the Midland Basin
Occidental Petroleum Corporation (stock ticker: OXY), the fourth largest public E&P by market capitalization, has formed a joint venture

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

From The Houston Chronicle


Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August.

Houston-based Oxy …

Source: Occidental Petroleum

Occidental Petroleum Profit Falls on Low Gas Prices, Derivative Contracts

From Reuters


Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to …

GeoPark Q2 2019 Operational Update

GeoPark Q2 2019 Operational Update

GeoPark Announces Second Quarter 2019 Operational Update

Source: Ecopetrol

Ecopetrol Reports Discovery

Ecopetrol reports discovery of crude in Boranda-2 ST well at Rionegro, Santander

Source: Arrow Exploration

Two New Discoveries in Colombia

Arrow Exploration Corp.
Arrow Exploration Corp. (stock ticker: AXL:CA), operating in Colombia via its 100% owned subsidiary Carrao Energy S.A., announced that the 11-day production test of its Rio Cravo Este-1 (RCE-1) exploration well had concluded June 9. RCE-1 is

Shell Sells 40 Percent of Colombian Offshore Blocs to Noble Energy

Shell Sells 40 Percent of Colombian Offshore Blocs to Noble Energy

From Reuters

Shell has sold 40 percent of its participation in two offshore oil exploration contracts in Colombia to Noble Energy, which will also operate the blocs, the government said on Tuesday.

Colombia recently modified contractual terms for offshore exploration …

March 27, 2019 - 12:14 pm Closing Bell Story‎, Energy News, International
Ecopetrol to Spend $500 Million on Unconventionals Over Three Years: CEO

Ecopetrol to Spend $500 Million on Unconventionals Over Three Years: CEO

From Reuters

Colombia’s state-run oil company Ecopetrol SA is looking to spend $500 million in exploring unconventional deposits over the next three years, its chief executive said on Tuesday, starting with pilot programs in the Magdalena Medio region.

“We’ve applied …

March 6, 2019 - 2:54 pm Closing Bell Story‎, Crude Oil News, Energy News
GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back

GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back

Latin America-based GeoPark Limited (stock ticker: GPRK) has been extending its reserves and announced plans to buy back shares in 2019.

Last month, GeoPark increased its equity interest to 100% in its Colombian and Chilean businesses, blocks, and reserves, including

December 21, 2018 - 1:35 pm Closing Bell Story‎, International
Light Oil Discovery in Colombia

Light Oil Discovery in Colombia

Toronto-based Frontera Energy Corporation (ticker: FECCF) announced a light oil discovery in the Llanos-25 Block in Colombia. The discovery was made on the Acorazado-1 exploration well.

According to a presentation from Frontera, the Llanos-25 property is a 168,805-acre property for

Canacol Energy Operations Update and Disposal of Colombian Oil Assets

Canacol Energy Operations Update and Disposal of Colombian Oil Assets

Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) is pleased to provide the following exploration, gas and oil sales, and Corporate update.

Breva 1 Gas Exploration Well

VIM 21 Exploration and Production Contract

CNE Oil and Gas S.A.S,

June 25, 2018 - 12:01 pm Closing Bell Story‎, Energy News, Finance
GeoPark Issues Operational Update

GeoPark Issues Operational Update

GeoPark Limited (ticker: GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru, issued an operational update.

GeoPark’s 2018 work program and budget is $100-$110 million. …

Gran Tierra Energy Plans 27% Production Growth

Gran Tierra Energy Plans 27% Production Growth

Gran Tierra Energy Inc. (ticker: GTE) has released its 2018 capital budget and production guidance.

Highlights

  • 2018 average production of 36,500 to 38,500 BOEPD, representing growth of 20 to 27% over 2017 year to date average production
  • 2018 capital budget
Exclusive Video Interview with Gran Tierra Energy President & CEO Gary Guidry

Exclusive Video Interview with Gran Tierra Energy President & CEO Gary Guidry

Gran Tierra Energy: reinvesting cash flow in exploration: we’re trying to drill 30-40 exploration wells in the next 3-4 years

At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with …

GeoPark Ltd. – Day Two Breakout Notes

GeoPark Ltd. – Day Two Breakout Notes

GeoPark presents at EnerCom’s The Oil & Gas Conference®

 During GeoPark’s breakout session, management was asked the following questions:

  • What is the expectation for Brazil to open up their onshore assets?
  • Have core samples been extracted from your Llanos 34