NOCs are not immune from the challenges posed by changing attitudes to energy, driving shifts to enter new business areas and operate more efficiently.
Investments by the world’s NOCs are incompatible with limiting climate change, according to new research published by the Natural Resource Governance Institute (NRGI).
Global engineering management firm Penspen has opened an office in South America to facilitate a two-year contract in the region.
Ecopetrol said it has launched a bidding process to offer oil and gas companies its stake and interests in 20 production assets in a number of regions 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.