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Colombia's proven oil reserves tick up slightly to 7.5 years worth | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Colombia's proven oil reserves grew slightly over the past year, the oil regulator announced on Wednesday, to reach 7.5 years-worth of consumption, as the country looks to certify more drilling targets, especially from offshore fields. ....
Latin America emerged over the last two decades as one of the world’s top oil-producing regions. This occurred because of Brazil’s immense offshore oil boom driven by that country’s ultra-deep-water pre-salt oilfields. While regional production declined due to the collapse of Venezuela’s petroleum industry under the weight of corruption, malfeasance, and harsh U.S. sanctions, Latin America is attracting considerable interest from foreign energy companies. ....