Colombia

Latin American oil and gas manufacturer GeoPark said on Thursday it had sent a binding offer to get a nonoperated working interest in unconventional blocks in the Neuquen Basin in Argentina from an unnamed seller. The company stated the seller has actually accepted its offer of around $ 200 million and an additional $110 million to $120 million over a 2 year period for certain exploration activities. GeoPark stated the 2 business were working on an exclusive basis on the deal, which is expected to close in the 3rd quarter and right away contribute more than 5,000 net barrels of...

5 people were killed and one is missing out on after a fire on Wednesday at a Perenco oil platform off the coast of Gabon, the AngloFrench oil company stated in a declaration on Thursday. Following the incident which took place yesterday at the Perenco Simba field offshore Gabon, the fire has been snuffed out and the website has actually been safely secured, Perenco stated. We deeply are sorry for to validate that there have actually been five fatalities and a single person is still missing out on. The mishap happened on Wednesday afternoon at the Becuna platform throughout a...

Colombian authorities have took more than seven million gallons of petroleum in raids on prohibited refineries, in an operation targeting production of bootleg fuel in Norte de Santander province, the police stated in a declaration on Monday. The fuel is refined from crude oil stolen from pipelines by criminal gangs and is a crucial active ingredient in drug production. It can also be blended with gas or diesel and utilized to run equipment at prohibited mining operations, police say. The nationwide authorities are committed to safeguarding nature, understanding it's an indispensable resource for society, and the battle versus organized crime,...

Tropical forest loss decreased in 2015, however other indicators show that the world's. woodlands remain under tremendous pressure, according to an. analysis launched on Thursday by the Global Forest Watch. monitoring task. Damage of forests helps drive international climate change. Because trees take in climate-warming carbon dioxide and shop it. as carbon in their wood, that greenhouse gas is launched when. the wood rots or burns. This damage likewise endangers. biodiversity because of how many plant and animal species call. forests home. Here are key takeaways from Global Forest Watch's yearly. forest loss data. TROPICAL FORESTS FARED BETTER The loss...

Deforestation in Colombia's. Amazon region is forecast to have decreased by 25% to 35% in. 2023, Environment Minister Susana Muhamad said on Monday, while. warning that proof reveals that damage has increased so. far in 2024. Colombia is one of the world's most biodiverse nations,. with countless plant and animal species calling its. communities home. Nevertheless, like in other places in the region, it loses. swathes of forest to deforestation each year. While Colombia's deforestation decreased by around 29% in. 2022 - the most recent numbers available - that still meant some. 1,235 square kilometers (477 square miles) of forest...

The U.S. Chamber of Commerce stated on Thursday it has actually filed a claim against the U.S. Securities and Exchange Commission's brand-new guidelines that need public business to report climaterelated dangers. Business lobbying group joins a list of entities challenging the securities regulator over guidelines intended to standardize climate-related company disclosures about greenhouse gas emissions, weather-related risks and how they are preparing for the shift to a low-carbon economy. The last guideline makes substantively harmful changes to 50 years of business governance precedent that will have ramifications well beyond this single guideline, stated Tom Quaadman, executive vice president, U.S. Chamber...

Colombia's liquefied natural gas (LNG) imports hit a record high in April and soared by 1,200% yearonyear in the very first 4 months of 2024, data from monetary company LSEG showed on Thursday. Last month imports of the superchilled gas reached a record 0.45 billion cubic meters (bcm) a marked difference from no import in April 2023, LSEG data showed. The El Nino weather pattern arrived in the Andean country at the end of 2023, causing high temperatures and droughts that led to forest fires throughout the Andean country and pushed reservoirs to their least expensive levels in decades. The...

Latin America is on the cusp of a critical developmental phase for its solar power generation sector that could see it leapfrog Southern Asia and The United States and Canada to end up being the world's second biggest center for solar generation behind eastern Asia. The region has 176,172 megawatts (MW) of solar capacity in pre-construction as of completion of 2023, according to Global Energy Screen (GEM). That volume is 2nd only to the 246,011 MW in the same development category in eastern Asia (China, Japan, South Korea and Taiwan), and would result in a fivefold increase in Latin America's...

U.N. delegates on Thursday withdrew a motion calling for more research into innovations that aim to fight environment modification by reflecting the sun's rays back into area, amid concerns about health and environmental threats. Some who opposed the draft resolution at the U.N. Environment Assembly were also stressed that using solar radiation adjustment (SRM) might let big polluters off the hook, organisations seeing the debate stated. Switzerland and Monaco initially tabled the resolution on analyzing the geoengineering innovation in December and it was discussed throughout this week's assembly in Nairobi. The initial variation called for the assembling of an expert...