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Colombian Government News

01 Oct 2020

PDVSA to Install Ship-to-ship Hub Away from Shore

© Vladimir / Adobe Stock

Venezuela's state-run oil firm PDVSA is informing customers about a new hub for doing ship-to-ship transfers for exports in a location away from shore, a shift that could mean higher costs and less supervision, according to three sources.More than two-thirds of Venezuela's oil exports leave from the Jose terminal on the country's eastern coast, a large and heavily supervised facility with two monobuoys for exports and connected through pipelines to several crude upgraders.But with U.S.

23 Aug 2018

US Navy to Deploy Hospital Ship to Latin America

Official U.S. Navy file photo of USNS Comfort (T-AH 20).

Hospital ship USNS Comfort (T-AH 20) will deploy to Central America and South America in late September to begin a two-month humanitarian mission with stops in Colombia and the region, the U.S. Navy said.The USNS Comfort support in Colombia was requested by the Colombian government to relieve the pressure of increased population flows from Venezuela on their national health system.During the deployment, military medical personnel will work alongside our partners to provide needed medical assistance…

15 Mar 2017

SAFE Boats, COTECMAR to Co-build Colombian Vessels

Photo: SAFE Boats International

SAFE Boats International of Bremerton, Wash. announced at 2017 Colombia Mar that it has broadened its previously signed Memorandum of Understanding (MOU) with COTECMAR into a multiyear, definitive Association Agreement to coproduce many of its products already in Colombia. The agreement includes coproduction of SAFE models already in use in Central and South America such as the Defender, Apostle and Full Cabin Jet Boats along with its most recently introduced Multi-Mission Interceptor (MMI).

20 Sep 2014

Colombia's Ecopetrol Sees Recovery in 2015

Colombia's top energy company Ecopetrol is targeting production of 1 million barrels of oil equivalent per day in 2015, a steep recovery over this year, clouded by rebel attacks on infrastructure and exploration failures. Ecopetrol chief financial officer Magda Manosalva told a conference in London that while the primary focus would remain on Colombia, the company also planned to bid for fields in Mexico, which is opening up its energy sector. "We see the internationalization as a chance to diversify," Manosalva said, adding that the firm would focus on available onshore fields. Rebel group attacks pushed Ecopetrol's production to an average of 750,000 barrels of oil equivalent per day so far this year -- well below the nearly 1 million in 2013.

25 Apr 2013

Treasure Hunters File Another Suit Against Columbia

Sea Search Armada's (SSA) lawsuit against the Government of Colombia in U.S. District Court, Washington D.C. claims it interfered with SSA's legitimate treasure salvage operations. The galleon San Jose carried coins and precious metals mined and smelted in Peru, and valued by experts to between $4 billion and $17 billion. The ship was sunk outside Cartagena, Colombia in 1708. In 1980, a marine salvage operation was mounted by a group now owned by SSA with the permission and participation of the Colombian government (GOC). After discovering the San Jose wreck site and notifying the GOC, the Colombians reneged on their agreement to share proceeds of any recovered treasure. In 1984, the Colombian Parliament enacted a law eliminating SSA’s claims to its property.

15 Apr 2013

American Investors and Colombian Government Battle over $17 Billion Treasure Salvage

A group of investors sued the Colombian government for preventing American salvage group Sea Search Armada from recovering San Jose, a ship that sank in 1708, often referred to as the “Holy Grail of Shipwrecks.” With numerous court rulings throughout the years, the battle has lasted since 1979. In a case filed March 29 with the Inter-American Commission on Human Rights (IACHR), a group of American investors claimed the government of Colombia violated their human rights by preventing them from salvaging their jointly owned property, a Spanish galleon sunk in 800 feet of water near Cartagena, Colombia. The investment group, named Sea Search Armada (SSA), brought the suit after more than 20 years of various legal efforts to affirm SSA’s initial agreement with Colombia.

01 Apr 2013

Enormous Sunken Treasure Claim Conceded, Thirty Years On

Government of Colombia lawyers concede salvage company Sea Search Armada to be rightful owner of 50% of treasure proceeds. Lawyers representing the Government of Colombia (GOC) admitted recently in a U.S. court that Sea Search Armada (SSA), engaged in a long-running suit with Colombia, was the rightful owner of 50 percent of the proceeds of perhaps the most valuable sunken treasure in history. This is the first time representatives of the government have conceded this point in over 30 years of legal wrangling. The admission came in oral arguments before the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C. over the validity of SSA's suit.

19 Sep 2007

Colombia Grants E&P Rights To 5 Oil Companies

The Colombian government Tuesday granted exploration and production rights on nine offshore areas on the Caribbean coast to five different companies in an effort to boost the country's oil reserves. In Tuesday's auction, Colombian state-owned oil company Ecopetrol SA, India's state-run oil company Oil and Natural Gas Corp. (500312.BY), Brazil's Petroleo Brasileiro SA (PBR), U.K.-based BP PlC (BP) and Hess Corp. (HES) won the rights separately or in partnership to explore the nine blocks. Four blocks didn't attract bidders. The Colombian government is trying to attract oil companies to the country to boost oil reserves and output in a bid to remain oil self-sufficient. If current consumption and production trends continue, the country will become a net oil importer in 2014.