Ecopetrol and Petrobras are partnering to explore and develop offshore gas reserves in Colombian waters.
3 reports, 2 independent
Updated Oct 5
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What happened
Ecopetrol and Petrobras are partnering to explore and develop offshore gas reserves in Colombian waters.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Sirius project impacts national gas demand and energy future; joint venture faces operational delays.1 source
- Ecopetrol secured an Advanced LNG project through a take-or-pay agreement, playing a critical role in Colombia's energy security.Sub-event
Ecopetrol and Petrobras are exploring offshore gas accumulation in Colombian waters.1 source
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The entities involved
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Ecopetrol
Colombian petroleum company
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Petrobras
Brazilian multinational oil and gas corporation
- ExxonMobil signed an MOU to examine exploration opportunities in Equatorial Guinea, while Petrobras secured acreage across Africa.
- Petrobras, the state-controlled oil giant, is facing pressure regarding consumer fuel costs while navigating strategic shifts, including the divestiture from Vibra Energia in 2019. Lula has voiced concerns over the price disconnect, with Magda Chambriard as a key executive.
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Colombia
country in South America
Related events
- Ecopetrol operates as the national oil company of Colombia.
- Ecopetrol, a major oil company in Colombia, is facing market pressures as regional indices decline, linking its fate to broader Latin American trends and Brent oil prices.
- Petrobras announced an oil find in the Foz do Amazonas Basin, while a Petrobras-Ecopetrol offshore campaign concluded, amid a market rally sparked by Bolsonaro's lead.