Ecopetrol
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News
Occidental Closes $12 Billion Acquisition of CrownRock
Occidental has already started the process of reducing debt incurred through its acquisition of CrownRock LP with an $817 million sale in late July of Delaware Basin assets to Permian Resources.
Oxy: Ecopetrol Declines to Buy Interests in Permian E&P CrownRock
Following discussions between Permian joint venture partners Occidental Petroleum and Ecopetrol, the Colombian oil company declined to acquire a 30% stake in CrownRock LP’s Midland Basin assets.
E&P Highlights: Oct. 23, 2023
Here’s a roundup of the latest E&P headlines including a pair of discoveries and the sailaway of the Tango FLNG vessel.
Ecopetrol Reaches 10 MMbbl Sales of Carbon-Compensated Crude
State-owned Ecopetrol reached the 10 MMbbl mark for the sale of its carbon-compensated crude to markets in Asia, Europe and the Americas.
Pemex Accelerating Development of New Fields
Mexico’s energy giant Petróleos de Mexico is staying true to an accelerated production strategy at new field developments to arrest overall declines in crude oil and condensates production.
Colombia's Ecopetrol Refinery Awarded More Than $1 B in Arbitration
Ecopetrol's Refineria de Cartagena is set to receive more than $1 billion following an arbitration ruling in its favor against a group of contractors.
Q&A: Ecopetrol’s Felipe Bayon Talks About the Permian, Colombian Gas
Felipe Bayon, the CEO of Colombia’s state-owned Ecopetrol, spoke with Hart Energy at CERAWeek by S&P Global to discuss advances in the Permian Basin with Occidental Petroleum and progress offshore Colombia with Petrobras and Shell Colombia, while touting Colombia’s offshore gas potential.
Colombia Investors, Spooked by Venezuela Woes, Anti-fracking Rhetoric, Face Uncertainty, Official Says
As Colombia’s new government settles in, investors face a blend of uncertainty amid the governments’ anti-fracking commentary and Venezuela’s meltdown next door, Colombian Petroleum Association (ACP) Executive President Francisco José Lloreda Mera told Hart Energy during CERAWeek by S&P Global.
Ecopetrol Says CEO Bayon to Leave his Post on March 31
Felipe Bayon's departure comes amid tension between the oil sector and the Colombian government.
LatAm Outlook 2023: Brazil, Guyana Anchor Production Growth
Five countries in Latin America – Brazil, Colombia, Guyana, Mexico and Venezuela – look to boost production in 2023, but the lion’s share of the production will come from developments in exploration hotspots Brazil and Guyana.
Ecopetrol, Shell Find Gas at Gorgon-2 Well Offshore Colombia
Ecopetrol and Shell boast success at the ultra-deep-water Gorgon-2 well, which confirms the extension of a natural gas province offshore Colombia’s southern Caribbean coast.
Ecopetrol Picks Up Aspen Technology to Accelerate Digital Transformation Goals
Colombia’s largest petroleum company deploys Aspen GDOT software to optimize margin in Cartagena and Barrancabermeja refineries.
Permian Team-up
Companies continue a decades-long relationship in a new joint venture.