Six Oil Majors, Including Shell, Withdraw from Colombia Amid Regulatory and Market Uncertainty

Six Oil Majors, Including Shell, Withdraw from Colombia Amid Regulatory and Market Uncertainty

Shell’s recent decision to sell its 50% stakes in Colombia’s Fuerte Sur, Purple Angel, and COL-5 offshore gas blocks, as confirmed by Ecopetrol and reported by ColombiaOne.com, marks the latest chapter in a growing trend of international energy companies leaving Colombia. Shell joins BP, ConocoPhillips, Occidental Petroleum, Chevron, and ExxonMobil, all of which have reduced […]

Shell abandons Colombia and sells three offshore projects - Economic Scenarios

Shell will abandon three of its offshore gas projects in Colombia, which it co-owns, after just four years, because they no longer meet the

There are already six major oil companies that have withdrawn from Colombia.Agencia Period... Vie, 25/04/2025 - 12:30 Shell's departure is added to that of other multinationals such as BP, ConocoPhillips, OXY, Chevron and ExxonMobil. Tags { "@context": "https://schema.org", "@type": "DataFeed", "name": "", "description": "", "creator": { "@type": "Organization", "name": "Agency Investigative Journalism", "logo": { "@type": "ImageObject", "url": …

Chevron Follows Shell With Egypt Red Sea Exit

US major Chevron has followed Shell in exiting its solitary block in Egypt’s Red Sea leaving the non-producing region with no active upstream assets.

Ecopetrol confirmed that the British company Shell will sell the participation of all the hydrocarbon exploration and production projects that it has in Colombia. He said Shell’s decision is due to reasons related to its strategy and global portfolio management. The Colombian oil company emphasized that it is still a partner of Shell “and, together with Total, they advance in the development of the Gato Do Mato field in Brazil, to which signific…

Shell does not leave Colombia completely, but confirmed that it will sell its assets offshore The British oil company, Shell, after the stir caused by the news of the sale of the assets it shares with Ecopetrol in the offshore (south of the Colombian Caribbean Sea), confirmed that the measure is true, but assured that it will not leave the country completely. “Confronting the information that has circulated in the last hours about the future of …