Wison’s Juan Guarin to Speak at Offshore Colombia Forum
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced that Latin America Sales Manager, Juan Guarin, will present the EXMAR FLRSU project at the Offshore Colombia Forum on May 6. Wison Offshore & Marine was awarded a contract by Exmar in June 2012 for the engineering, procurement, construction, installation and commissioning of the world’s first FLRSU, which is being constructed at Wison’s wholly-owned fabrication yard located in Nantong, China. Mr. Since offshore activities in Colombia are starting to experience a significant boost, great business opportunities will be created for American companies involved in the oil and gas industry.
Port Everglades Hosts Columbian Delegation
On the heels of the announcement that the Free Trade Agreement with Colombia will go into effect in May, Port Everglades and the Fort Lauderdale-Hollywood International Airport hosted a delegation of public officials from Colombia to discuss international trade and visit Broward County's seaport. Port Everglades is the top seaport in Florida for trade with Colombia, which totaled more than $1 billion in FY 2011, representing 54 percent of Colombian trade through all of Florida's seaports last year.
Statoil, Repsol, ExxonMobil Win Colombian Offshore License
Statoil announced today that it has been awarded interest in the COL4 license offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round, along with Respol and ExxonMobil. Statoil said it will hold 33.33% in the license, while Repsol will be the operator of the license and will hold 33.34% and ExxonMobil Exploration Colombia will hold 33.33%. The award is subject to the final approval of the National Hydrocarbons Agency of Colombia (ANH). “Deepwater offshore Colombia is virtually untested.
Statoil Awarded Licence Offshore Colombia
Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia will hold 33,33%. The award is subject to the final approval of the National Hydrocarbons Agency of Colombia (ANH). “Deepwater offshore Colombia is virtually untested. The award of new acreage in this frontier area is in line with our exploration strategy of early access at scale”…
SCHOTTEL Opens Colombia Subsidiary
SCHOTTEL has opened a new subsidiary in Cartagena de Indias, Colombia. Serving as managing director of SCHOTTEL de Colombia is Julio Carrasquilla Martínez who previously worked as a sales agent for SCHOTTEL do Brasil. He has a Master in Marine Technology from Delft University and brings 16 years of work experience in the marine industry in South America and Europe. SCHOTTEL de Colombia serves customers from Venezuela and Colombia and is responsible for the sales activities in the region.
Port of S La. in Columbia Trade Mission
As a result of the collaboration between the New Orleans U.S. Export Assistance Center and the United States Commercial Service in Colombia, representatives from the Port of South Louisiana and 12 other Louisiana-based companies with maritime-related ties participated in the Louisiana Trade Mission to Colombia, March 8-15, 2009. The Trade Mission group, led by U.S. Embassy Commercial Service Counselor Margaret Hanson-Muse, traveled to four Colombian cities – Bogotá, Cartagena…
Crowley Maritime Introduce LCL Logistic Services to Colombia
Crowley Maritime provide LCL (Less than Container Load) ocean & air cargo lifts plus customs brokerage to Cartagena, Colombia. Crowley Maritime Corporation’s logistics group has expanded its logistics services to include LCL ocean and air cargo lifts along with customs brokerage services to Cartagena, Colombia, from several points within the U.S., including the company’s Miami; San Juan, Puerto Rico, and Colon, Panama, distribution centers. The company’s Houston-based, freight forwarding and export-packing subsidiary…
Ecopetrol Cartagena Oil Refinery to Restart by March
Colombian state-run oil producer Ecopetrol will fully restart its Cartagena refinery by March, Chief Executive Officer Juan Carlos Echeverry said on Thursday. The action will make Colombia self-sufficient in refined oil products it has had to import in increasing quantities during the facility's refurbishment, which will more than double its capacity to 165,000 barrels per day. "We expect that by March at the latest the refinery will be working one hundred percent" and starting to come on line in the third quarter, Echeverry said of Colombia's second biggest refinery during a conference call. The expansion, estimated to cost more than $6.4 billion…
Major Latin America Energy Deal Handled by Milbank
In support of energy infrastructure in Latin America, Milbank, Tweed, Hadley & McCloy LLP represented Itaú BBA S.A. in providing a $370 million loan for construction of a new multipurpose port facility and terminal in Cartagena Bay, Colombia. The new Puerto Bahia terminal, located on Colombia’s northern Caribbean coast, is one of the most significant investments in the country’s energy infrastructure sector to date. When operational in early 2015, the crude oil and products terminal…
EXMAR Teams Up With Pacific Rubiales
EXMAR has teamed up with Pacific Rubiales to build a small-scale LNG export project in northern Colombia. The Colombian-Canadian exploration and production player and EXMAR have begun front-end engineering and design for the scheme. Plans involve building a small liquefaction barge and a pipeline from the company’s La Creciente gas field to the Caribbean coast and shipping to the targeted markets. The project is targeting Caribbean and Central American markets. Pacific Rubiales…
Colombia: Refrigerated Containers Drive Foreign Trade
Maersk Line just published its Colombia trade report for the third quarter of 2016. Total reefer share of Colombia's exports increased to 21% in Q3 2016 - up from 12% in 2015 - with pineapple and banana the strongest performing products. “As well as boosting foreign trade in containers, the transformation in technology and the innovation it represents, is generating a diversification in Colombian exports in terms of target markets. Despite that Colombian exports fell 12% to Asia and 9% to Latin America…
SAFE Boats, COTECMAR to Co-build Colombian Vessels
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).
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.
New Colombia Container Port to be Developed
International Container Terminal Services, Inc. ("ICTSI") and PSA International Pte. Ltd. ("PSA"), through their subsidiaries, have signed an agreement to jointly develop, construct and operate the container port terminal and ancillary facilities located in the Peninsula of Aguadulce, Buenaventura, Valle del Cauca, Colombia. The agreement involves PSA´s investment in Sociedad Puerto Industrial Aguadulce S.A., an indirect subsidiary of ICTSI, which holds the 30-year concession for the Aguadulce Port Project granted by the Agencia Nacional de Infraestructura of Colombia.
World Court Allows Nicaragua-Colombia Maritime Mineral Rights Case
The International Court of Justice ruled on Thursday that it had jurisdiction over a maritime dispute between Colombia and Nicaragua concerning the legal boundaries of potentially oil-rich areas of the Caribbean Sea. Judges at the United Nations' highest court in The Hague ruled that Colombia was obliged to contest a case brought by Nicaragua under the 1948 Bogota Pact, to which both countries are signatories. The case was brought in 2013 by Nicaragua, which claimed its maritime territorial rights had been violated by Colombian vessels harassing its shipping. Colombia sought to block the case, arguing it did not fall under the court's jurisdiction. (Reporting By Thomas Escritt)
Colombia's Ecopetrol Offers To Buy ULSD & Gasoline
Colombia's state-run Ecopetrol launched a tender to buy a 68,000-70,000 barrel cargo of ultra low-sulfur diesel (ULSD) and a 91,000-95,000 barrel cargo combining ULSD and gasoline, according to a document seen by Reuters on Wednesday. The shutdown of a key pipeline in Colombia since March has affected the oil company and other producers in the Andean country. Exports of medium Vasconia crude have declined in recent weeks, according to traders. The company said in the invitation that it will receive the cargoes in the U.S. Gulf Coast or in the Buenaventura port in Colombia from May 27 to June 16. The combined cargo must contain 68,000-70,000 barrels of ULSD and 23,000-25,000 barrels of gasoline RON 92, it added.
CMA CGM Colombia Opens New Inland Corridors
CMA CGM Colombia announced it now offers complete inland coverage in Colombia, connecting its main ports of call to any inland destination across the country The shipper said it will now provided customers new intermodal services via inland terminals in Medellin, Cali and Bogotá, and a network of four offices across the country.
Maersk Line to Increase US Gulf/WCSA Freight Rate
Maersk Line informs its customers it will be implementing a General Rate Increase (GRI) for dry cargo shipments from Houston, TX and New Orleans, LA to West Coast South America. All dry cargo shipments loading from Houston, TX and New Orleans, LA to Chile, Colombia, Peru, Ecuador and Bolivia will be increased by the following amounts and scope, with an effective date of September 16, 2013: • USD 150 per 20’ container • USD 150 per 40’ container • USD 150 per 45’ container (Colombia only)
ICTSI Finalizes Deal for Colombia Port
According to reports, ICTSI Ltd., a wholly-owned unit of International Container Terminal Services, has finalized agreements to put up a $180m multi-user container terminal at the Port of Buenaventura in Colombia as well as acquire Sociedad Puerto Industrial de Aguadulce S.A. (SPIA). The estimated total investment requirement includes the construction and development of a 700,000 TEU per annum container terminal. Construction is scheduled to begin in November this year, with expected completion within 18-24 months thereafter. Source: ABS CBN
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.
Exmar Will Build Floating LNG Production Unit
Pacific Rubiales Energy Corp., acting through its wholly-owned subsidiary Pacific Stratus Energy Colombia Corp. (“PSE”), announced the signing of a natural gas/ LNG Liquefaction, Regasification, Storage and Loading Services Agreement with Belgium based EXMAR NV (“EXMAR”). The Agreement calls for EXMAR to build, operate and maintain a Floating Liquefaction Regasification & Storage Unit (“FLRSU”), to be located on the Colombian Caribbean coast. The Agreement grants PSE exclusive guaranteed rights to supply and liquefy up to 69.5 MMscf/d (+/- 0.5 million tons of LNG per annum) over a 15 year period, under a tolling structure. The FLRSU will have a storage capacity of 14,000 m3 of LNG and will be able to accommodate alongside a 140,000 m3 LNG Floating Storage Unit (“FSU”).
World Court to Draw up Nicaragua-Colombia Maritime Boundary
The International Court of Justice on Thursday said it would consider a claim by Nicaragua to expand its maritime boundaries in a mineral-rich part of the Caribbean Sea toward Colombia, a ruling set to further strain relations between the two countries. The judgment, separate from a decision earlier on Thursday in which the United Nations court said it would rule on alleged violations of Nicaragua's sovereignty, means a maritime delineation case between the two countries can proceed. In a televised address soon after the decision, Colombian President Juan Manuel Santos said he would not accept a ruling by a "third party" and would not participate in the case.
Oil Companies Bidding for Blocks in Colombia
Oil companies were bidding on Wednesday for 95 oil areas Colombia is offering for exploration and production in an effort to raise output from around 1 million barrels per day and increase stagnant reserves. Rights for the onshore, offshore and nonconventional or shale oil areas will be awarded to bidders who offer the largest share of production to the government or based on how much companies commit to invest in lesser-explored regions. The government said earlier this year it hoped to attract $2.6 billion in investment into the oil sector through the so-called Colombia Round 2014. Colombia's last oil auction took place in 2012. The blocks on offer total more than 22 million hectares.