Colombia

U.S. president Donald Trump threatened military action against Colombia's government on Sunday, telling reporters such an operation "sounds great to me". Bogota was furious. The remarks came after the United States captured Venezuelan president Nicolas Maduro during a raid early on Saturday morning and whisked to New York?to face charges of drug-trafficking. Trump said to reporters on Air Force One that Colombia was also sick. It is run by a "sick" man who enjoys selling cocaine to the United States. He will not be doing this for long. When asked directly if the U.S. was going to pursue a military...

Ecopetrol, the state-run energy company in Colombia, announced on Friday that it had signed a new contract with Parex Resources to explore and produce hydrocarbons in the Piedemonte Llanero area. Ecopetrol said in a press release that operations will be conducted in areas covered by existing contracts within the departments of Boyaca e Casanare. DEAL DETAILS * This new agreement is in addition to the five other agreements Ecopetrol and Parex signed in December of 2024 for hydrocarbon exploration in two major Colombian basins. * The agreement includes drilling of the Florena-Huron well which is expected increase the domestic gas...

The head of Colombia's largest industry group, said Friday, that private oil and gas investments in Colombia are expected to drop again in 2026. However, companies may reverse course after the presidential elections. The leftist president Gustavo Petro, whose term will end in August of next year, has halted all new hydrocarbon exploration agreements as part his efforts to reduce Colombia's dependency on fossil fuels. Both oil output and investment dropped in 2024, and they are expected to drop again in 2025. Frank Pearl, President of the Colombian Petroleum Association, (ACP), said that oil companies will spend less on exploration...

The Colombian president Gustavo Petro threatened on Tuesday to unilaterally change Glencore's contract with the government if it continued to export coal to Israel. However, the company claimed that the shipments had already stopped in accordance with a presidential order. Petro, who spoke at an event organized by the Community of Latin American and Caribbean States for CELAC on energy, said: "I'm willing to unilaterally alter the concession contract." The president warned that, if Glencore refused to comply with his order to suspend the shipment of coal from the mine, he would call on the local communities to blockade the...

The National Hydrocarbons Agency, the regulator of Colombia, said that the country's oil reserves would be enough to cover 7.2 years' worth of consumption by the end of 2024. After closing 2023 with 2.020 billion barrels, the country's crude oil reserves increased by 0.74 percent in 2024, to 2.035 billion. This is equivalent to 7.1 months of supply. The ANH released a statement that stated the reserves of gas, which are a crucial part of the energy transition of the country, fell by 13%, to 2,064 giga cubic feet. This is the equivalent of 5.9 years' consumption compared to the...

Native ecological defenders in Ecuador are suffering an increasing variety of dangers and sometimes deadly attacks in the middle of spiraling violence in the nation, activists said on Friday at the U.N. COP16 nature talks in Colombia. Nearly 200 countries are collected in the city of Cali in an attempt to agree on an offer to implement the landmark 2022 Kunming-Montreal Biodiversity Framework agreement that aims to end damage of nature by 2030. Amongst the goals of that agreement was heightened defense for ecological defenders. But throughout the summit, slated to end late on Friday, Native activists from Ecuador said...

The U.S. government is studying. really carefully the possibility of imposing additional sanctions. on individuals in Venezuela along with prospective withdrawing. licenses for oil companies working in the South American. nation, in response to what it calls a deceptive election, a. senior authorities stated on Friday. Brian Nichols, U.S. assistant secretary of state for Western. Hemisphere affairs, made the remarks during a webcast instruction. with press reporters. Using either specific sanctions or the. cancellation of licenses related to sectoral sanctions are. something that we're studying extremely carefully, said Nichols, after. being asked about the possibility of imposing new visa. constraints...

A judgment from a Colombian court that bought the suspension of work at a significant overseas gas well is a hazard to the nation's energy security, market groups the Colombian Petroleum Association (ACP) and Naturgas said on Monday. In a court order dated Sept. 11, a judge said activities at well Uchuva-2, on the Tayrona block in Colombia's Caribbean, need to stop after the business stopped working to correctly consult a local Native neighborhood about the operation. We can not enable them to turn the country off with approximate choices, ACP president Frank Pearl stated in a press conference along...

Brazilian staterun oil firm Petrobras confirmed on Monday a gas discovery off Colombia's coast, a location where it thinks it could find adequate gas to provide the Andean nation and for exports. The discovery was made during the fourth drilling stage of the deepwater Uchuva-2 well in the Tayrona block, according to Petrobras, which had actually already discovered gas at the nearby Uchuva-1 well, drilled in 2022. This well adds relevant details for the development of a new area of expedition and production in Colombia, enhancing the volumetric potential for gas in the region, the oil giant stated in a...

Investment in Colombia's oil and gas production is forecast to decline by 7% to $3.5 billion in 2024, the Colombian Petroleum Association (ACP) said in a. press conference in Colombia's capital Bogota on Thursday. The government of leftist President Gustavo Petro has actually made a. priority of weaning Colombia away from dependence on fossil. fuels, particularly oil and coal, in spite of market cautions about. effects to the Andean country's energy self sufficiency. Earlier this year, the federal government's National Hydrocarbons. Agency (ANH) reported that Colombia's tested oil and gas. reserves decreased at the end of 2023 to the equivalent...

Colombia's bulk stateowned energy business Ecopetrol is examining its potential direct involvement in the Andean nation's. firstever overseas wind auction, the business stated in a. statement to . The government of President Gustavo Petro, Colombia's very first. leftist leader, has said it wants to wean the Andean country. from its reliance on fossil fuels while ensuring energy. self-sufficiency. Bidders in the auction for concessions off the country's. Caribbean coast are required to demonstrate some sort of. partnership agreement with a public or mixed-ownership company -. such as Ecopetrol - in order to be awarded a concession. But it had not...

Colombia anticipates to attract $ 10 billion in foreign investment from Europe this year, particularly in renewable energy, Finance Minister Ricardo Bonilla said throughout a see to London. We are discussing financial investments for $10 billion to start, which will assist us settle crucial and tactical projects, Bonilla told journalists together with British authorities. Ecopetrol is at an essential moment to make tactical alliances in the effort to build green hydrogen, he said, referring to Colombia's bulk state-owned energy business and including that there are conditions for financial investment in hydrocarbons to move into renewable resource. Foreign direct investment in...

Carlos Ortega, Vice President of?Promotion and Development at the National Mining Agency ANM, said on Friday that eight companies have qualified to participate in Colombia's copper-gold and polymetallic exploration round, which will begin next week. Lina Franco, ANM president, said on Friday that Colombia offers 14 areas for copper exploration and production. Franco said during a Bogota event that the blocks in this round are located in Antioquia and La Guajira. Ortega stated that the Canadian company?Aris Mining has already been qualified. Rio Tinto, on the other hand, is currently securing their qualification. "Several important companies already qualified." Ortega told...

Around 200 Indigenous members from Ecuador, Colombia and Peru met in the?Amazonian village of Sinangoe located along the border of Colombia to strategize together how to defend their ancestral land. To mark the occasion, they cleansed their energy with tobacco and nettle leaf and drank sap of the ancestral yoco tree. Indigenous communities of the Amazon rainforest train men and women for years to recognize threats to their mineral rich and verdant lands, and to prevent outsiders from entering their communities. Members of the Indigenous Guard say that in recent years, threats to their ancestral Indigenous territories have increased the...

DLA Piper, a law firm, said that disagreements between governments and investors about resources have reached a ten-year high. This is due to resource nationalism, and the growing competition between China and the U.S. for vital minerals. The scramble to find minerals is reflected in the race to get the precious oil and gas revenue that is vital to state coffers. This is especially true for emerging economies. DLA Piper reported that the 32 disputes filed with the World Bank's arbitration body so far this year, which include everything from gold, uranium, and lithium to oil and gas, have already...

The leftist president of Colombia, Gustavo Petro, signed a decree on Wednesday to hold a vote on labor reforms. This was an attempt to get the Senate to take a vote on this issue before the session ends later in the month. The referendum proposal seeks a limit on the number of hours that can be worked in a day, an increase in the surcharge from 75% to 100% for work done on Sundays and holidays and the requirement for drivers to pay social security contributions. The Senate is debating the modified reform of labor after rejecting in May a...

A top Moody's Analyst said that if a planned fiscal consolidate in Colombia does not stabilize public debt or comply with fiscal rules it could result in a ratings reduction for the Andean country. Renzo Merino said that the Colombian economy will grow 2.5% in this year at an event organized by Moody's. Moody's has rated Colombia as Baa2. In June last year, it lowered the outlook of the country from "stable" to "negative", citing economic conditions which complicate fiscal management. Merino said that the main risk is that Colombia's credit policies may have been weakened. This could lead to...

The Peruvian interior ministry announced on Thursday the arrest in Colombia of a suspect suspected of killing 13 miners from the district of Pataz in the north. In a posting on X, the ministry stated that the arrest and detention of Miguel Rodriguez (alias "Cuchillo", "Knife" or "Knife") was the result of extensive intelligence work as well as coordination between Interpol and the Peruvian National Police. According to sources in the industry and police, illegal miners allied with criminal organizations kidnapped workers from a gold mining facility in northern Peru and killed them. This was part of a wave violence...

A government notification states that India launched an anti-dumping investigation at the request of an industry group over imports from Australia, China and Russia of met coke (low-ash metallurgical or met coal). In a March 29 notice, the Commerce Ministry said that the Indian Metallurgical Coke Manufacturers Association requested an investigation into the imports. These imports have more than doubled in the last four years due to concerns about local companies. According to the notification, the trade body said that there was no difference between the quality of met coke imported from abroad and the domestically produced version, which is...

A senior official in the sector said that the government of Colombia will hold an auction for copper mining projects in May. The auction is part of an effort to meet local demands for industrial metals while reducing dependence on foreign suppliers. Alvaro Pardo was the president of the National Mining Agency of the Government. He made the announcement at an event held in Cartagena, a Caribbean city. Colombia produces oil, coal and other commodities, but it lags behind its regional rivals Chile and Peru when it comes to the production of red metal. This metal is valued for its...

At least 20 Colombian fighters from rival rebel factions were killed in weekend clashes over control of a strategic jungle area for drug trafficking, military sources and the human rights ombudsman office reported on Monday. The clashes pitted opposing factions from what was as soon as the Revolutionary Army of Colombia (FARC) versus one another in the nation's southeastern Guaviare jungle. The violence follows an offending introduced by another rebel group, the National Liberation Army (ELN), in northeastern Catatumbo region that left a minimum of 80 individuals dead and 11,000 displaced. A high number of individuals have been reported dead...

Zijin Mining has stopped briefly production at its Buritica cash cow in Colombia after aggressors armed with homemade bombs harmed a crucial power source, the company said on Saturday. The attack happened early Friday when the armed group broke into the site, which is the biggest cash cow in Colombia, located in a rural area of the Antioquia province where roadway blocks and attacks by prohibited miners are regular. No injuries were reported. Zijin attributed the incident to unlawful miners who it said looked for to acquire gold from the mine. High-powered homemade bombs were tossed at our underground facilities,...

Argentina's government stated on Thursday it had actually filed a complaint with the International Bad Guy Court against Venezuela for apprehending a member of its gendarmerie, a branch of Argentina's security forces, calling it a forced disappearance. Venezuela's Foreign Minister Yvan Gil turned down the grievance to the ICC, calling it a pitiful spectacle, in a post on Telegram. Tensions between the 2 South American countries have increased given that Javier Milei, a far-right libertarian, presumed Argentina's presidency in late 2023. Relations intensified after Venezuela's objected to presidential election in July, in which incumbent socialist President Nicolas Maduro claimed victory....

Colombia's prohibited armed groups have actually made the most of the government's pursuit of peace to enhance themselves militarily and financially, the leader of the country's militaries stated on Monday. The federal government of President Gustavo Petro has since 2022 pursued peace settlements with leftist guerrillas and criminal gangs established by previous right-wing paramilitaries, in a quote to end Colombia's internal conflict. Six years of fighting in the Andean country has actually eliminated at least 450,000 individuals. They don't really show a will for peace, they're. constantly targeting the population while exerting more control over. activities like drug-trafficking and illegal...