Carlyle seeks buyers for Colombian oil producer
Private equity group Carlyle is seeking a buyer for its Colombian oil producer SierraCol for around $1.5 billion, according ...
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Colombia’s President Cancels $880M Oil Venture to Protect Nature
The decision to cancel the deal has already caused ripples in Colombia and beyond. On Monday, Ecopetrol announced the extension of its partnership with Occidental Petroleum, and the company’s ...
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Colombia's president orders national oil company to cancel US venture over environmental concerns
saw its shares rise 2% on Tuesday following the announcement of its deal with Occidental. However, they fell slightly after Petro called for the agreement's cancellation. Colombia has refused to ...
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Colombian president orders Ecopetrol to cancel US fracking venture
Colombia's President Gustavo Petro has instructed state-run oil company Ecopetrol to cancel its joint venture with the US-based Occidental Petroleum (Oxy) due to environmental concerns.