Ecopetrol and Petrobras announce joint-venture to market natural gas from Colombia’s Sirius Project
Ecopetrol, Colombia's energy company run by the state and Petrobras, Brazil's oil firm owned by the state, announced a partnership on Thursday for a joint marketing of natural gases from Colombia's Sirius Project. Ecopetrol owns 55.6% of the Sirius block, Petrobras holds the remaining 44.4%, and is the operator for the project.
Aramco CEO: Oil demand is strong and the market is watching Russia sanctions
The CEO of Saudi Arabia's state-owned oil giant Aramco stated on Tuesday that crude oil demand had been strong before sanctions were imposed against major Russian oil companies Rosneft, and Lukoil. He also said the Chinese demand was healthy. Donald Trump, the U.S. president…
Colombia wins offshore wind bid by CIP of Denmark
The head of Colombia's hydrocarbons agency announced on Thursday that a subsidiary from Denmark's Copenhagen Infrastructure Partners, CIP, had bid to develop a wind project for the first round of the South American nation's offshore energy auction. Orlando Velandia of Colombia's National Hydrocarbons Agency…
The Colombian Sirius gas project is moving forward with consultations and nearing the contracting phase
Alcindo Moritz, Petrobras Colombia's chief, said that the project Sirius, which is being developed by Ecopetrol, a state oil company in Colombia, and Petrobras of Brazil, off its Caribbean coast, has nearly completed half of the consultations with communities who could be affected by it.
Colombia's Ecopetrol will launch a bid for the Covenas regasification Project
Ecopetrol, the state-owned oil company in Colombia, will launch the bidding for a regasification at its Covenas terminal in the northern part of the country later this month. CEO Ricardo Roa announced the plan on Monday. Ecopetrol is expected to begin accepting binding bids on October 14 for the project…
Ecopetrol to Launch Covenas Regasification Project Bidding
Colombian state-run oil company Ecopetrol is set to launch the bidding process later this month for a regasification project at its Covenas maritime terminal in the north of the country, CEO Ricardo Roa said on Monday.Ecopetrol will begin accepting binding bids for the project on October 14, with a winner expected to be announced before t
Ecopetrol will beat its 2025 drilling target and may even best the output target, says executive
Rafael Guzman said that Colombian state energy company Ecopetrol will exceed its goal of drilling 10 oilwells in 2025 by 20% to 40%. It has been reported that the company drilled six successful wells during the first half of this year. Guzman said on the sidelines the Acipet Energy Conference in the Caribbean city Barranquilla…
Ecopetrol will beat its 2025 drilling target and may even best the output target, says executive
Rafael Guzman said that Colombia's state energy company Ecopetrol will likely exceed its goal of drilling ten oil wells in 2025 by 20% to 40%. It has been reported that the company drilled six successful wells during the first half of this year. Guzman said on the sidelines the Acipet Energy Conference in Barranquilla, a Caribbean city.
The agency's head claims that Colombian oil and gas reserves are expected to increase this year.
The head of Colombia's hydrocarbons department said on Tuesday that the country's oil and natural gas reserves are likely to grow in comparison with the previous year. Colombian oil reserves are expected to reach 2.04 billion barrels in 2024 - enough for 7.2 years' worth of consumption.
US sanctions prevent Colombian Ecopetrol from purchasing Monomeros gas from Venezuela
Due to U.S. sanction, Colombian state-run Energy Company Ecopetrol is unable to acquire Venezuelan owned fertilizer producer Monomeros Colombo Venezolanos, or purchase natural gas from Venezuela, said Monica de Greiff on Caracol Radio Station. In July, Colombia's Mines and…
Ali, the Guyanan president, seeks a second term amid a oil boom
Guyanese will vote in general elections on Monday. They'll decide if President Irfaan Ali's People's Progressive Party, which controls the country's government, can keep its parliamentary majority. It's also a chance to determine if they want to continue leading one of the fastest-growing economies in the world.
Palm oil rises three weeks in a row on the strength of rival oils
The price of Malaysian palm oils futures rose for the third consecutive week on Friday, as the market recovered from a three day slide. This was helped by the overnight strength in Chicago soybean oil and Dalian edible oils during Asian hours. Strong exports and marginal production growth also added to support.
Palm oil heads for third-week gain over strong rival oils
The market recovered from a three day slide on Friday, helped by the overnight strength of rival Dalian edible oils and Chicago edible oil. Strong exports and marginal production growth also added support. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives…
Colombia's Ecopetrol reports a 46% drop in profit as oil prices fall
Ecopetrol, Colombia's state-owned oil company, reported a 46% drop in its net profits for the second quarter 2025. This was due to lower oil prices globally, which impacted sales. Production also decreased. The company reported a net profit of 1.81 trillion pesos ($450 million) for the three-month period ending June…
Grain-Chicago soya beans set to lose weekly due to abundant supply and weak China demand
Chicago soybean futures rose on Friday but were still on course for a second successive weekly decline due to ample global supplies and favourable U.S. climate, as well as weak Chinese demand. As of 0301 GMT the most active soybean contract on Chicago Board of Trade was up 0.08% to $9.9 per bushel. This is still near a 4-month low.
Zelestra, a Spanish renewable energy company, aims to invest $1 billion in Peru's mines.
Zelestra, a Spanish company with a Latin American CEO, plans to invest $1 billion over five years in renewable energy plants that will power mines in southern Peru's copper-rich region. Jose Luis Garcia, in an interview with The Associated Press on Tuesday, said that Zelestra…
Ecopetrol, a Colombian company, buys a wind energy project from Enel at $50 million
Ecopetrol, the state-owned oil company of Colombia, announced on Monday that it had purchased from Enel a wind energy project in La Guajira province (northern Colombia) for $50 million. Ecopetrol Group said that the Windpeshi project, which has a capacity to produce 205 megawatts of energy for self-consumption…
Ecopetrol Purchases Enel Wind Power Project for $50m
Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million.The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group's self-consumption energy portfolio…
Maurel et Prom, a French company, has acquired a stake in Colombia's Sinu-9 Gas Field
Maurel et Prom, a French oil and natural gas company, has agreed to increase its ownership stake of Colombia's Sinu-9 field by 21%, for a total cost of $79 million. This is part of its ongoing expansion in Colombia. Maurel et Prom now owns 61% of the total gas block. The remainder is owned by Canada's NG Energy International.
Haiti's capital is in darkness after residents attack hydroelectric plant
Haiti's Port-au-Prince, the capital city of Haiti, was left in darkness on Wednesday as residents from a nearby village stormed and shut down a dam in protest of government inaction against gang violence. According to U.N. estimations, gangs have tightened the grip on Haiti.