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Colombia anticipates new offshore oil exploration to reverse crude output decline
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Official Sees Rigs Mobilizing Offshore Colombia in 2022
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3 Min Read
BOGOTA (Reuters) - Colombia will launch plans in September to develop the production and use of hydrogen as a long-term clean energy source, the Minister of Mines and Energy said on Tuesday, while voicing hope this year’s oil and gas auction will be successful.
FILE PHOTO: Colombia s Mines and Energy minister, Diego Mesa Puyo, poses for a picture in Bogota, Colombia August 28, 2020. Courtesy Ministry of Minesn and Energy/Handout via REUTERS
The South American country will publish a road map to establish over the next 30 years the production, use and export of hydrogen as a clean energy source for use in transport and industry, among other sectors, Diego Mesa told Reuters in an interview.
By Clara Denina
LONDON (Reuters) - Diversified miner Glencore will become the sole owner of the Cerrejon thermal coal mine in Colombia by buying out partners BHP and Anglo American, boosting its coal assets at a time when others are looking to exit the sector.
Glencore said on Monday it expects to pay $230 million for the combined 66% stake owned by BHP Group and Anglo when the deal completes in the first half of 2022. It sees production volumes at the mine declining materially by 2030.
Mining companies have been reviewing their ownership of thermal coal assets as they transition out of polluting fossil fuels to meet emissions targets and shift towards sustainable investments.
Glencore snaps up BHP, Anglo stakes in Colombian coal mine
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