Latest news with #Sudamérica
Reuters
2 days ago
- Business
- Reuters
Colombia oil and gas E&P investment could jump 8% in 2025, industry group says
BOGOTA, May 29 (Reuters) - Colombia's investment in exploration and production (E&P) of hydrocarbons could jump some 8% this year to reach $4.68 billion, Colombia's leading industry group said on Thursday, warning this would not prevent a drop in gas production. The Colombian Oil and Gas Association (ACP) said the resources would however, maintain the South American nation's current levels of crude oil production. Investment last year was $4.33 billion, according to the ACP. "Today more investment is required to produce the same amount of oil, due to the natural depletion of the fields and the complexity of the operating environment," ACP President Frank Pearl said. "For gas, we are not managing to either increase production or replenish reserves, which is double the challenge when it comes to energy self-sufficiency," he added. The ACP estimated that $740 million would be invested in exploration this year, while $3.94 billion would go toward production so the country can keep pumping between 760,000 and 770,000 barrels of oil equivalent per day, similar to the 772,000 boepd recorded in 2024. However, it predicted that gas output would decline to 905 million cubic feet per day, compared to 959 million cubic feet last year. Since coming into office in 2022, President Gustavo Petro has sought to reduce the country's dependence on fossil fuels, a major contributor to the nation's economy, and move towards solar and wind energy projects.
Washington Post
2 days ago
- General
- Washington Post
Argentine court declares a mistrial in the case over the death of soccer star Maradona
BUENOS AIRES, Argentina — An Argentine court on Thursday declared a mistrial in the case of seven health professionals accused of negligence in the death of soccer legend Diego Maradona, the latest dramatic twist in a trial that has captivated the nation and the soccer world for more than two months.
Associated Press
2 days ago
- Politics
- Associated Press
Argentine court declares a mistrial in the case over the death of soccer star Maradona
BUENOS AIRES, Argentina (AP) — An Argentine court on Thursday declared a mistrial in the case of seven health professionals accused of negligence in the death of soccer legend Diego Maradona. It was the latest dramatic twist in a trial that has captivated the nation and the soccer world for more than two months. The whiplash decision comes after one of the three judges overseeing the trial stepped down over criticism surrounding her participation in a forthcoming documentary about the case.
Bloomberg
2 days ago
- Business
- Bloomberg
Economists Are Ever More Gloomy About Colombia's Fiscal Outlook
Colombian economists are increasingly gloomy about the nation's fiscal outlook, with some predicting the biggest deficit since the pandemic this year. In recent weeks, analysts surveyed by Bloomberg have steadily lifted their 2025 deficit forecasts as tax revenues lagged expectations. At the same time, the government of President Gustavo Petro has declined to rein in spending on the scale needed, leading a Finance Minister to quit in March.
Reuters
2 days ago
- General
- Reuters
Argentina arrests 12 suspects linked to Tren de Aragua gang
BUENOS AIRES, May 29 (Reuters) - Argentina's security minister said on Thursday that 12 suspects were arrested for criminal acts linked to the Tren de Aragua gang, a group that the country classifies as a terrorist organization. "It is a highly dangerous gang and today 12 of its members are in prison", Security Minister Patricia Bullrich said in a press conference in Buenos Aires. Bullrich also said the group had carried out attacks on supermarkets, butcher shops, hardware stores using firearms and explosives and caused fatalities. The U.S. State Department designated the Venezuelan gang Tren de Aragua as a global terrorist organization in February saying it posed a threat to U.S. national security, foreign policy and economic interests. Meanwhile, Venezuelan government has maintained that the gang, with prison origins, was destroyed during raids in 2023 and no longer exists.
