Via Power Technology, a report that Total Eren and Ecopetrol plan to jointly build a solar project in Colombia: Colombian energy company Ecopetrol has partnered with Total Eren to build a solar photovoltaic farm with nearly 100MWp of capacity in Colombia. The Rubiales solar facility will be built in the municipality of Puerto Gaitan in Colombia’s Meta province. Total EREN will develop, finance, build […]
Read more »Courtesy of The Financial Times, a detailed look at Ecopetrol: Never mind its recent fall in profits. Many energy companies would drool at Ecopetrol’s impressive growth rate so far. Since 2008, Colombia’s state-controlled oil company has increased production at a rate of 16 per cent a year. “We are focused on sustaining this growth rate, […]
Read more »Via The Financial Times, an article on Colombia’s Ecopetrol: Ecopetrol, the Colombian national oil company with proven reserves of about 1.8bn barrels, has a bigger market capitalisation than Petrobras, the Brazilian giant with 18bn barrels of reserves and, potentially, multiples of that in its vast new pre-salt oil fields. That, at least, is what a […]
Read more »Courtesy of Seeking Alpha, a report on Colombia’s Ecopetrol corporation. As the article notes: Since the start of 2012, we have seen significant pullbacks in the stock prices of many of Latin America’s oil majors. Brazil’s Petrobras (PBR) has fallen by 18%, Petrobras’ Argentine subsidiary Petrobras Argentina (PZE) also fell by 18%, and Argentina’s largest […]
Read more »Courtesy of The Financial Times, a report on recent initiatives between Colombia and Venezuela to team up in the oil sector: “Zero,” said Hugo Chávez firmly, when asked almost three years ago what the chances were of Colombia’s state oil company Ecopetrol having a hand in developing Venezuela’s oil-rich Orinoco Belt. That was back when […]
Read more »Via The Economist, a look at Colombia’s oil boom: IT HAS attracted much less attention than the big deep-sea oil finds in Brazil, but Colombia is also enjoying an oil boom. Its output of crude has nearly doubled in the past six years, from 525,000 b/d in 2005 to a daily average of 914,000 last […]
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