The story of Aberdeen’s transformation from a bustling fishing port into the energy capital of Europe is being used to inspire a South American city going through similar changes.
A militant group has reportedly bombed an Ecopetrol pipeline in Colombia.
South American focused Amerisur Resources has begun drilling on well Platanillo 8 on Pad 5 in the Platanillo field in the Putumayo basin of Colombia.
Amerisur Resources' Jaguarete-1 well in Paraguay has demonstrated the presence of oil within the basin but are "unlikely to be commercially extractable"
Increased production helped South America focused Andes Energia to report larger revenues in 2015 compared with the previous year.
Range Resources said it has been advised by authorities in Colombia that three exploration licences previously awarded to it have been revoked. The company said the National Hydrocarbons Agency in the country had informed them that PUT-5, VMM-7 and VSM-1 had been pulled over claims maintenance commitments had not been fulfilled.
Pacific Exploration and Production has acquired a 50% remaining interest in the CPE-6 block from Talisman in Colombia. The company said the deal for the onshore block is worth $48million.
Andes has struck a deal with Cancel Energy to develop licences held by Interoil Exploration and Production in Colombia.
Baron Oil said the cost of exiting the Nancy Burdine Maxine field in Colombia will be $1 as it completes the formal handover of the field to the state-owned oil company.
Colombia is importing crude for the first time in more than two years as South America’s third-largest crude producer capitalizes on an abundance of higher-quality light grades on the global market.
Pacific Exploration has started operations at the Puerto Bahía port facilities in Cartagena, Colombia.
Colombia's state-owned oil company Ecopetrol sold more than half its shares in energy company Empresa de Energia de Bogota (EEB) for $215 million, Ecopetrol said on Monday, as part of its plan to sell assets to fund investments. Ecopetrol said in a statement it sold 352 million shares, 55.1 percent of its interest in EEB, for 1,740 Colombian pesos per share. The shares were sold to a preferential group of employees, retirees, pension funds and unions.
Rodrigo Toro, Isagen’s former chief financial officer, isn’t going to watch his old company be sold off without a fight. The 62-year-old engineer, who led a failed attempt to buy the Colombian state-controlled hydropower producer in 2013, is among a group that successfully sued to suspend the latest auction last month of the government’s 5.3 trillion peso ($2.1 billion) majority stake. The delay has left bidders from Canada to Europe in limbo on a transaction that could have highlighted Colombia’s potential as an investment destination and helped offset slowing economic growth. Instead, it has become a reminder of the difficulty of doing business in the Latin American nation, drawing attention to a legal and administrative system the World Economic Forum ranks below those in Guatemala and Honduras.
Colombian officials are blaming rebels for an attack on the country’s energy infrastructure that left hundreds of thousands of people without power. President Juan Manuel Santos said the guerrillas of the Revolutionary Armed Forces of Colombia (Farc) blew up an energy pylon and blacked out much of the southern region of Caqueta. The blackout affected more than 300,000 people. Mr Santos called it an irrational terrorist act that was counter to the peace process.
Technip's Colombian subsidiary, Tipiel, has been awarded a front-end engineering design and detailed engineering design contract on a lump-sum basis. The deal, which was awarded by the Consorcio Constructor Ductos del Sur, is for the development of a new gas pipeline to transport gas from the Camisea field to Southern Peru. The project was launched by the Peruvian government and consists of more than 1,700 kilometres of 32" gas pipeline.
Petroamerica Oil has completed a stabilized test rate of 760 barrels of oil per day at its Langur-1X exploration well in the Llanos Basin of Colombia. The company said the LLA19 block was cased to evaluate 14.5feet of Gacheta Coil pay. Two intervals were perforated and the well was tested for 15 days under flow-assistance by coiled tubing and nitrogen.
Oil and gas explorer Amerisur Resources has drilled its 15th new well in the Plantillo field in Colombia. The well has confirmed the potential for T sand production, with the South American company placing production at 400 BOPD (barrels of oil per day).