“The process is open and will involve investors from all over the world interested in the development of wind energy. This new country project will position Colombia as a benchmark in the generation of renewable energy in the region, and will strengthen national energy security,” said Camacho.
The company has signed up the Noble Discoverer to carry out the work. The Noble-owned rig will come from Suriname, where it will be under contract with Petronas between August and November.
Colombia’s Mines and Energy Minister Irene Velez, a radical environmentalist who opposed new oil exploration contracts, quit Wednesday amid a scandal.
“Ecopetrol certainly needs to grow its portfolio,” they said. “The strong emphasis on energy transition, the position to not seek new exploratory contracts and the idea of becoming a relevant power generator player” are debatable, they wrote.
Petroleos Mexicanos left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more regular basis — then refused to discuss why they’d soared by double-digits from April to June, compared to a year ago.
NOCs are not immune from the challenges posed by changing attitudes to energy, driving shifts to enter new business areas and operate more efficiently.
Investments by the world’s NOCs are incompatible with limiting climate change, according to new research published by the Natural Resource Governance Institute (NRGI).
Global engineering management firm Penspen has opened an office in South America to facilitate a two-year contract in the region.
Ecopetrol said it has launched a bidding process to offer oil and gas companies its stake and interests in 20 production assets in a number of regions in Colombia.
Baron Oil said the cost of exiting the Nancy Burdine Maxine field in Colombia will be $1 as it completes the formal handover of the field to the state-owned oil company.