Brookfield Renewable announces an investment of up to $1 billion to increase its stake in the Colombian energy company Isagen to 38%. Qatar Investment Authority (QIA) is also co-investing to raise its stake to 15%.
An explosion caused by a homemade explosive device in northeastern Colombia has forced Cenit, a subsidiary of Ecopetrol, to temporarily suspend operations on the strategic Caño Limón-Coveñas pipeline, crucial to the country's oil supply.
The Colombian prosecutor’s office has seized two offices belonging to the oil company Perenco in Bogotá. The company is accused of financing the United Self-Defense Forces of Colombia (AUC) in exchange for security services between 1997 and 2005.
MPC Energy Solutions has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The transaction is expected to close by the end of 2025.
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
The private OCP pipeline has resumed operations in Ecuador following an interruption caused by heavy rains, while the main SOTE pipeline remains shut down, continuing to impact oil exports from the South American country.
Ecopetrol S.A. finalises the acquisition of Wind Autogeneración from Enel S.A.S., thereby taking over the Windpeshi wind project in Colombia, with a planned capacity of 205 MW, aimed at the Colombian oil group's energy self-consumption.
Colombia is experiencing a significant drop in voluntary carbon credit prices due to a major oversupply, destabilizing the financial balance of associated communities and projects.
Oil companies may reduce their exploration and production budgets in 2025, driven by geopolitical tensions and financial caution, according to a new report by U.S. banking group JP Morgan.
The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
S&P Global Ratings lowers Ecopetrol's global rating to BB following Colombia's sovereign downgrade, while Moody’s Investors Service confirms the group's Ba1 rating with a stable outlook.
Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.
Ecopetrol finalizes the purchase of Repsol's 45% stake in the CPO-09 oil block, adding 41 million barrels to its reserves and strengthening its strategic position in the Llanos Orientales basin.
Ecuador has transferred management of the OCP pipeline to the state for an interim period of six months following the expiration of the contract with OCP Ecuador. A new tender will soon be launched to determine its future operation.
The Colombian group Ecopetrol announces a historic investment for 2025, aiming to strengthen oil production, accelerate the energy transition, and improve infrastructure while pursuing its sustainability goals.
Ecopetrol S.A. makes an early repayment of USD 500 million on an international loan, strengthening its financial position and reducing long-term interest expenses.
The discovery of a vast natural gas deposit in the Colombian Caribbean could double the country's energy reserves, according to Ecopetrol and Petrobras.
Investments in hydrogen have doubled, mainly in China, but uncertainties remain regarding demand and regulatory frameworks necessary for sustainable growth.
The Spanish company Zelestra opens a 144 MW solar park in Colombia, marking a significant milestone in its Latin American strategy and contributing to the country's decarbonation objectives.
Former Venezuelan oil minister Tareck El Aissami is arrested as part of a wide-ranging investigation into corruption at Petróleos de Venezuela SA (PDVSA).
With a capacity for job creation surpassing that of solar and wind power, geothermal energy is emerging as a potential market leader in renewable energies, requiring targeted policies and investment to realize its full potential.
Venezuela is challenging the sovereignty of Essequibo, a territory controlled by Guyana, at the International Court of Justice, despite its rejection of the court's jurisdiction.
After the cancellation of a key project and a cost explosion, the US small nuclear reactor (SMR) industry faces new challenges, but remains hopeful for commissioning by 2030.
Corio Generation is teaming up with Brazilian port developer Prumo to explore the use of the Port of Açu, north of Rio de Janeiro, as a base for the deployment of Corio's future offshore wind projects in Brazil.
In Colombia, the conversion of vehicles to natural gas is gathering pace as the country's first left-wing government abolishes gasoline subsidies, offering tax incentives for natural gas vehicles.
According to OPEC forecasts, global demand for oil should continue to grow significantly in 2024. Mainly driven by China and the air and road transport sectors, this increase raises questions about its impact on the global energy market.
The fate of the climate negotiations at COP28 rests on an ambiguity surrounding the term "unabated fossil fuels", evoking a decisive turning point in global climate policy.
At the heart of COP28, Colombia stands out as the first major continental oil producer to support an anti-fossil fuel treaty, illustrating a progressive commitment to a sustainable future.
An oil leak at an oil terminal in Ecuador has resulted in at least 1,200 barrels of crude oil being spilled on a tourist beach in the northwest of the country, causing worrying environmental pollution and leading to the beach being closed for the safety of visitors.
The International Court of Justice has rejected Nicaragua's claim against Colombia concerning an oil- and fish-rich area of the Caribbean Sea. Colombia celebrated the decision as a "great victory", putting an end to their latest legal dispute over the delimitation of maritime borders.
Enel Chile and its subsidiary Enel Green Power Chile have just received official authorization to operate the country's largest photovoltaic power plant.
Exxon Mobil is reluctant to become more involved in oil development in Guyana pending the revelation of the new terms of the production sharing agreement (PSA). Liam Mallon, the company's president of oil and gas production, said Guyana is central to its plans to increase the company's global oil production by about 13 percent by 2027. The company's decision will depend on the terms of the new PSA, which are expected to be finalized on March 8.
