A hydrocarbon project in the Amazon rainforest has sparked heated debate, with environmental and human rights organizations voicing concerns.
The Colombian government’s reluctance to award new oil contracts stems from the belief that previously awarded contracts are sufficient to sustain hydrocarbon exploration and production in the country.
Ecopetrol (NYSE: EC) announced its plans about the Orca Norte-1 exploratory well.
Ecopetrol (NYSE: EC) has reported a significant hydrocarbon discovery in the exploratory well Alqamari-2, situated in the municipality of Orito, Putumayo department.
The Colombian Chamber of Oil, Gas, and Energy Goods and Services (Campetrol) announced the first offshore drilling of this year.
Finance Minister Ricardo Bonilla is not worried about the latest report from the National Hydrocarbons Agency (ANH) and said that the government will receive a new study from this entity to determine what decisions to take in six months.
Ecopetrol (NYSE: EC) and Repsol (MSE: REP) have announced a significant oil discovery at the Tinamú-1 exploratory well, located in the municipality of Castilla La Nueva, Meta.
Experts in the sector are calling for increased exploration, positive investment signals, and the awarding of new contracts for hydrocarbon exploration and production following the release of the reserves report.
The MinEnergia press release on 2022 year-end reserves was a triumph of belief over science, a testimony of the power of politicians to warp their interpretation of reality to conform to what they have already decided to do.
2022 was a big year for oil exploration in Colombia.
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