Colombia needs $120B to keep oil output up-group
Colombia needs at least $120 billion in investment over the next ten years to reach and sustain oil production of more than 1 million barrels per day (bpd), the country’s…
Colombia needs at least $120 billion in investment over the next ten years to reach and sustain oil production of more than 1 million barrels per day (bpd), the country’s…
A delegation of 60 representatives from Colombia’s main oil and gas companies attended the Global Petroleum Show 2012 held in Calgary, Canada June 12-14. Among the 2,000 exhibitors were Colombia’s largest private…
Colombia’s largest private oil producer, Pacific Rubiales announced Tuesday it will buy smaller oil and gas company PetroMagdalena for $243 million. Ronald Pantin, Pacific Rubiales CEO said, “We are very…
The price of gasoline and diesel in Colombia fell for the second month in a row to $4.80 and diesel is now $4.37 per gallon respectively in Bogota. As of…
Colombia has become an investment “oasis” in an economically unstable world, the country’s energy and mining minister told Reuters last week. Minister Mauricio Cardenas told the news agency that “Colombia…
Foreign direct investment (FDI) in Colombia could reach $14.5 billion in 2012, is up 9.8% from last year, the government has said. Commerce Minister Sergio Diaz-Granados said FDI reached $6.0559…
Petroleum company Shell has announced plans to invest $100 million into the exploration of oil fields in Colombia, according to financial publication La Republica. Speaking at the eighth International Mining and…
Colombia’s crude oil reserve increased to 2.259 billion barrels, up 10% from 2011, Colombian media reported Friday. The Andean nation reportedly had proven reserves of 2.058 billion barrels in 2010. The new figure…
Colombia’s oil output reached 955,000 barrels a day in April, the largest yield this year, the Ministry of Mines and Energy announced Tuesday. Production in April was up an average…