In a significant twist in Colombia’s energy narrative, state-owned petroleum firm Ecopetrol has announced that it has formally rechartered its oil joint venture with Occidental Petroleum (OXY) in the Permian Basin of Texas.
Just two days after announcing sweeping sanctions of 25% on almost all Canadian imports as well as all Mexican imports, President Trump promised to pause the implementation of the levies for 30 days following urgent talks with the leaders of the two countries.
Curious Minds Corner
Which oil company was the first to drill an offshore oil well?
The first offshore oil well was drilled by the Superior Oil Company in 1938 off the coast of Louisiana, USA.