
Ecopetrol starts production at Lorito block in Colombia
The Colombian oil company acquired the 45% stake held by Repsol, following a US$452 million transaction in February.

The Colombian oil company acquired the 45% stake held by Repsol, following a US$452 million transaction in February.

The GTA project represents a strategic piece for regional energy development.

Two supertankers made evasive maneuvers before crossing the Strait of Hormuz.

More than 21 million barrels of oil per day transit through this route, making it the most important oil channel on the planet.

This agreement marks the formal entry of SBM Offshore as an operator in the South American country, consolidating an alliance that extends beyond engineering and construction.

The contract provides for offshore environmental services beginning in 2025 under an agreement with potential through 2034.

Acquisition aligns with EON's strategy of focusing on underexploited assets with high reactivation potential

This measure is part of its plan to strengthen its presence in important markets and channel resources to better-performing areas.

Both energy giants have demonstrated their commitment to an energy transition, seeking to supply energy with sustainable and responsible practices.

The awarded companies must submit the required documentation and make the corresponding payment for the signing of the contracts.

The renewal of this strategic alliance increases the commitment of both companies to the digitization and automation of critical processes in the oil industry.

The collaboration between Staatsolie and PETRONAS continues to expand Suriname's energy frontiers with sustained long-term projections.