Colombia’s state-run oil company Ecopetrol said Tuesday that it would focus on developing new offshore oil wells to mitigate the damage caused by falling oil prices.
Anyone who has the pleasure of traveling Colombia extensively will be amazed by the biodiversity to be found within its borders. From the snow-capped Andean peaks in the coffee region, Full Article »
Colombia’s government expects $3.5 billion (9.5 trillion pesos) in oil revenue this year, down 60% from 2013 as the sharp drop in crude prices reduces the oil industry’s tax and royalty Full Article »
Ecopetrol’s decision to take back control of the Rubiales field will imply heavier investment for it to sustain output and now raises the pressure on Canada’s Pacific Rubiales to replace Full Article »
The US dollar on Tuesday continued to rise against Colombia’s peso, nearly breaking through the COP2,700 mark it hadn’t reached since 2004.
Since Colombian truckers began a national strike three weeks ago, 22 protesters have been arrested, the government said on Monday.