Petroleum / Mining in Colombia
-
COLOMBIA, 2013/09/05
Venezuela and Trinidad and Tobago have reached a transaction to jointly produce gas from fields located between the South Americn country's coast and the two Caribbean islands, Venezuelan Energy Minister Rafael Ramirez said.
Venezuelan national-owned oil giant PDVSA and U.S. supermajor Chevron Corp. will produce the gas from unified offshore fields that contain nearly 12 trillian cubic feet of natural gas, the energy minister said.
The transaction was sealed on Tuesday night with Trinidadian Energy Minister Kevin Ramnarine, who traveled to Caracas to wrap up the agreement, Ramirez said.
-
COLOMBIA, 2013/06/19
New oil transportation infrastructure, inclunding a pipeline scheduled to open within the next few months, will shore up Colombia’s efforts to meet rising request for hydrocarbons and capitalise on promising new finds.
Colombia’s energy sector has expanded significantly in recent years, earning it a place part the top 20 oil-producing nations worldwide and accounting for 35% of FDI in 2012, but inadequate transportation facilities may be limiting increase.
-
COLOMBIA, 2013/02/22
“We have oil for 8.1 years and we know that's not much time to sustain a pace of 1 million barrels per day. That's why we need to find reserves quickly,” Cardenas told RCN Radio.
The Finance minister said, however, that Ecopetrol posted strong results last year.
-
COLOMBIA, 2012/07/31
While Brazil’s new deep-sea discoveries have made it the talking point of the South American oil industry, Colombia is fast coming into its own, with production almost doubling in the years up to 2011 and exploration as well on the rise.
Recently dubbed the regional oil industry’s “rising star” by the Financial Times, Colombia is the fourth-major Latin American oil producer behind Brazil, Mexico and Venezuela.
