Ecopetrol

The British energy corporation Royal Dutch Shell has announced its withdrawal from participation in three offshore natural gas projects located in the Caribbean Sea off the coast of Colombia, which were being developed in partnership with the state-owned company Ecopetrol. This was reported by Reuters based on official statements issued …

Oil companies plan to drill an offshore well in Colombia at a record depth within a few months. Occidental Petroleum and Ecopetrol want to build the Komodo–1 well by the end of the year at a depth of about 3,900 meters. It will break the current record for drilling depth …

Occidental Petroleum is completing talks with Permian Resources to sell its Texas assets, Barilla Draw, for $1 billion, Reuters reports. The move is part of Occidental’s broader strategy to reduce its debt, which topped $18 billion at the end of the first quarter. The deal could close in the coming …

Already in May, oil production in Colombia could reach 800 thousand bpd compared to last year’s level of 777 thousand. Oil production in Colombia is approaching the 800 thousand bpd mark, although the Andean country is trying – not without obstacles – to switch to renewable energy sources. Bogota could …

Colombian state oil company Ecopetrol said it plans to invest between $5.7 billion and $6.7 billion and produce up to 730,000 b/d in 2024. The majority of these costs, about $4.8 billion, will go towards maintaining production at 725,000 to 730,000 boe/d, the company’s refineries at 420,000 to 430,000 b/d …

Brazilian state oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project on the Tayrona block, 32km off the coast of Colombia, which it shares with Colombian Ecopetrol, Reuters reported, citing a statement by Petrobras’ director of production development on energy conference …