• Feb 19, 2025

Ecopetrol Boosts Its Bet on Colombia’s Oil-Rich Eastern Plains

(Bloomberg) -- State-controlled oil driller Ecopetrol SA sees “great potential” for development and exploration in Colombia’s crude-producing heartland alongside bets on US fracking and offshore gas. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsAirbnb Billionaire Plans Factory-Built Homes for LA Fire VictimsChicago Council Delays $830 Million Bond Vote Amid

  • Feb 19, 2025

Exxon, government plan large-scale gas project in oil-dominated Guyana

GEORGETOWN (Reuters) -U.S. oil major Exxon Mobil plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects. The "Wales Gas Vision", outlined by Exxon's Guyana head, Alistair Routledge, at an energy conference in Georgetown, is set to provide gas for several petrochemical and power projects through a $1 billion pipeline completed last year. The government will take a portion of the gas, produced by Exxon at its massive Stabroek Block and transported through the pipeline for power generation and natural gas liquids production.