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Latin America Oil: Petrobras, YPF Rise as Ecopetrol Drops

Summary by The Rio Times
The USO oil fund rose 1.33% to US$129.17 on Friday. Petrobras gained 1.46% and YPF 0.75%, while Ecopetrol fell 1.58% - the only regional decliner. The post Latin America Oil: Petrobras, YPF Rise as Ecopetrol Drops appeared first on The Rio Times.

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Brazil extracted a daily average of 5.84 million barrels of oil and natural gas equivalent in June, a new record.

·Madrid, Spain
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Discovered is close to reservoirs of great potential

·São Paulo, Brazil
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Petrobras made a new discovery of natural gas in the Sandia-1 exploratory well, in the GUA-OFF-0 Block, located in deep waters of Colombia. The state states that the discovery reinforces the gas potential in the Colombian off-shore, adding volumes that will contribute to the energy security of the region. The well is located approximately 42 kilometers from the coast of Colombia, at a water blade of 1251 meters and at a distance of 18 kilometers…

·Rio de Janeiro, Brazil
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Petrobras has agreed to suspend temporarily two of the four contracts signed with the company of marine services Columbus Offshore and valued at 413,2 million reais (70,4 million euros) for the repairs of the platforms of towing and anchoring of two ships.

Bogotá, 3 Aug (Prensa Latina) The Brazilian company Petrobras and the Colombian company Ecopetrol today confirmed a new discovery of natural gas with the drilling of the Sandía-1 exploratory well, in deep waters of Colombia. The post Confirms discovery of natural gas in deep waters of Colombia first appeared on Noticias Prensa Latina.

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The Rio Times broke the news on Monday, August 3, 2026.
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