Colombia – Page 3 – Oil & Gas 360

$Colombia to hold bidding round for investigative fracking projects- oil and gas 360$

Colombia to hold bidding round for investigative fracking projects

November 11, 2020

Reuters BOGOTA – Colombia will hold a second bidding round to potentially grant contracts to companies interested in exploring non-conventional oil and gas deposits, using techniques like fracking, the National Hydrocarbons Agency (ANH) said. Majority state-owned oil company Ecopetrol ECO.CN, Exxonmobil XOM.N, and Drummond already have contracts for investigative projects and may submit offers in this new round, as can other companies,

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

February 27, 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 will also roll over $434 million in debt set to expire this year, the executives said. Ecopetrol drilled 20 wells

Chevron sells its natural gas assets in Colombia

November 27, 2019

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 venture with Colombia’s state-run oil company Ecopetrol. Under the deal, Chevron is selling its 43 percent share of the Guajira

Occidental and Ecopetrol Team Up in the Midland

August 1, 2019

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 (JV) with Colombia-based Ecopetrol S.A. (stock ticker: EC) to develop 97,000 net acres of Occidental’s Midland Basin properties, subject to

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

August 1, 2019

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 said it plans to close the Anadarko deal next week after the scheduled Aug. 8 vote of Anadarko shareholders to

Occidental Announces -Andrew Gould Elected to Occidental Board of Directors Oil & Gas 360

Occidental Petroleum Profit Falls on Low Gas Prices, Derivative Contracts

July 31, 2019

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 derivatives contracts and lower natural gas prices. Core income fell to $729 million, or 97 cents per share, in the

GeoPark Q2 2019 Operational Update

July 15, 2019

GeoPark Announces Second Quarter 2019 Operational Update

Ecopetrol Reports Discovery

July 11, 2019

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

Two New Discoveries in Colombia

June 10, 2019

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 located on the Tapir block in the Llanos basin. Source: Arrow Exploration The well was originally spud on April 25

Shell Sells 40 Percent of Colombian Offshore Blocs to Noble Energy

March 27, 2019

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 and launched a permanent bidding process in an effort to boost its long-stagnant oil sector. Neither the companies nor the

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

March 6, 2019

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 for some licenses, we will apply for more… roughly 20 wells that will need to be drilled, fracked, cored, lobed,

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

December 21, 2018

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 the Llanos 34 block (GeoPark operated, 45% WI) in Colombia. In doing so, GeoPark acquired and closed on LG InternationaI’s

Premium Content