(Bloomberg, 14.Jan.2022) — Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels. Oil and coal currently account for nearly half of Colombia’s exports, but Petro says if […]
Tag: ELN
Colombia Knocks Out Illegal Refineries Belonging to ELN
(Reuters, 28.Dec.2021) — Colombian security forces on Tuesday neutralized two clandestine refineries in the country’s northeast which belonged to the rebel National Liberation Army (ELN), the defense ministry said. The operation in Norte de Santander province, which sits on Colombia’s border with Venezuela, involved 900 members of the military and […]
Five Illegal Refineries Destroyed in Norte de Santander
(General Command of the Colombian Military Forces, 13.Jan.2021) — Through a joint, coordinated and interagency operation conducted by the Colombian Air Force, the National Army, the National Police and the CTI (Technical Investigations Corps) of the Attorney General’s Office, it was possible to find and destroy, in a controlled manner, five illegal refineries for fuel production, which […]
Venezuela’s Maduro doubling down on earnings from illicit means
HOUSTON, TEXAS (Ian Silverman and Piero Stewart, Energy Analytics Institute, 13.Aug.2020, Words: 966) — Venezuela’s President Nicolas Maduro is doubling down on earning money through illicit means where sanctions have less of an impact while also doubling down on alliances with autocratic regimes whether its Cuba, Iran, Russia or others, […]
Colombian Rebel Leader Issues New Call To Arms
(Reuters, Luis Jaime Acosta and Julia Symmes Cobb, 29.Aug.2019) — A group of former rebels from the Revolutionary Armed Forces of Colombia (FARC) said in a video posted overnight that they will embark on a new offensive, threatening to resume five decades of armed conflict against the government. Two former […]
Bombing Halts Pumping On Transandino Pipeline
(Reuters, 26.Jul.2019) — Colombia’s state-run oil company Ecopetrol said on Friday it halted pumping on the Transandino pipeline after a bombing in southwestern Narino province. The attack did not produce a crude spill, the company said in a statement, but did dent the pipeline. It is the fourteenth attack this […]
Colombia’s Cano Limon Pipeline Hit By New Bomb Attack
(Reuters, 10.Nov.2018) — Colombia’s state-run oil company Ecopetrol said on Saturday it was mounting another cleanup operation after a bomb attack on the Cano Limon pipeline. The attack is the 78th this year on the 485-mile (780-km) pipeline, which has been out of service for much of 2018 because of […]
Ecopetrol Profit Nearly Triples On Oil Price Boost
(Reuters, Julia Symmes Cobb, 31.Oct.2018) — Ecopetrol, Colombia’s state-run oil company, said on Wednesday its third-quarter net profit rose to 2.77 trillion pesos ($866.5 million), up 177 percent from the same period last year, thanks to higher global crude prices and increased output. The company plans to invest between $3 […]
Caño Limón-Coveñas Has Suffered 1,470 Attacks In Ten-Plus Years
(Energy Analytics Institute, Piero Stewart, 27.Oct.2018) — Throughout its history, the Caño Limón-Coveñas pipeline in Colombia has suffered an estimated 1,470 attacks and has been out of operation the equivalent of more than 10 years, according to figures from Colombia’s state oil company Ecopetrol. Attacks against the oil infrastructure have […]
Ecopetrol Cleans Spill After Bomb Attack On Cano Limon Pipeline
(Reuters, 25.Oct.2018) — Colombia’s state-run oil company Ecopetrol is carrying out a clean-up operation after a bomb attack on the Cano Limon pipeline spilled crude into a waterway, the company said in a statement on Thursday. The attack on Wednesday, the seventy-sixth on the pipeline this year, had no immediate […]
Ecopetrol to Focus Spending on Drilling: CEO
(Reuters, Devika Krishna Kumar, 24.Aug.2018) — Colombia’s state-run oil company Ecopetrol SA will focus spending for the rest of the year on increased drilling activity and securing operational licenses, its chief executive said on Friday. Spending delays earlier this year will make it harder for the company to achieve its […]
Ecopetrol Cuts Planned 2018 Spending To $3-$3.5 Bln
(Reuters, Nelson Bocanegra & Julia Symmes Cobb, 15.Aug.2018) – Colombia’s state-run oil company Ecopetrol said it will invest $3 billion to $3.5 billion during 2018, less than previously estimated, because of spending delays and protests which closed three fields during the first quarter. Ecopetrol originally planned to invest $3.5 billion […]
Colombia’s Cano Limon Pipeline Restarts
(Seeking Alpha, Carl Surran, 17.Jul.2018) – Colombia’s Cano Limon-Covenas pipeline has resumed pumping oil after a 180-day stoppage due to repeated attacks by Marxist ELN rebels, according to loval military and industry sources. Apart from bombing damage, 41 illegal valves used to steal crude were found on the pipeline, says […]
Uncertainty Looms Large Over LatAm Oil
(Oilprice.com, Tsvetana Paraskova, 20.Jun.2018) – While oil industry analysts and market participants are watching Venezuela closely for clues about how low its oil production will go, several other countries in Latin America are holding key elections this year, elections that will no doubt shape the countries’ short and medium-term oil […]