Displaying 1 - 10 of 16 articles
Canadian-baesed Pacific Rubiales Energy Corp. announced the discovery of natural gas and condensate in the Manamo-1X exploration well drilled in the Guama Block in the Lower Magdalena basin, onshore northern Colombia. The Company has 100% working interest in the block and is the operator. Ronald...
Market overview of Colombia's Oil & Gas sector: Colombia is proving an increasingly popular jurisdiction for investment, thanks to a booming economy, political and economic stability, an entrepreneurial culture and high levels of productivity and performance in selected sectors. By the first quarter...
The district council is discussing a draft accord (169/2012) establishing a number of tax incentives for parties which modify their traditional energy-generation sources by converting to alternative renewable and clean energies. Despite Colombia's abundance of natural resources, several non-renewable...
Colombia announced it will send 50 percent more natural gas this year to neighboring Venezuela, which has yet to start producing the fuel commercially despite huge reserves. Colombia currently exports about 200 million cubic feet (mcf) of natural gas per day to OPEC-member Venezuela, but Energy Minister...
Introduction The Colombian Hydrocarbons Agency (ANH) recently released its terms of reference (1) for the award of oil and gas areas in 2012. The award procedure is based on the public procurement rules, but has its own bidding terms and conditions. This year the ANH has modified several of...
Latin American independent oil and gas explorer Geo Park Holdings expansion plans involve drilling 45 to 55 new wells in Chile, Colombia and Argentina, which should help increase 2011 oil and gas production by 80%, with investments of 240 million dollars. “We are beginning 2012 with...
Canacol Energy Ltd. is pleased to announce that its wholly owned subsidiary, Carrao Energy Sucursal Colombia has entered into a farm-out agreement with ExxonMobil Exploration Colombia Limited, a wholly-owned subsidiary of ExxonMobil Corporation for the exploration of the Corporation’s...
Pacific Rubiales Energy Corp. announced on Tuesday it signed an agreement with Belgium-based Exmar NV to supply and liquefy up to 69.5 million cubic feet per day of gas over a 15-year period for Exmar’s liquefaction, regasification and storage unit it plans to build on Colombia’s Caribbean...
Colombia expects this year’s auction of its unconventional oil and gas reserves to attract at least $500 million in investments. Royal Dutch Shell Plc, Exxon Mobil Corp., and Chevron Corp. have shown interest in Colombia’s reserves of gas trapped in shale rock and other unconventional...
Colombia’s largest oil company, Ecopetrol SA, expects to meet production targets this year as the government tightens security after an increase in guerrilla sabotage, Chief Executive Officer Javier Gutierrez said. The Bogota based company plans to produce a daily average of 800,000 barrels of...