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The announcement is a positive sign for collaboration between the two oil giants.

Directional drilling saves time, water, roads, and is eco-friendly by opening zone holes from one main hole.

Colombia's President Gustavo Petro has taken a definitive anti-petroleum stance, and has appointed his former campaign manager as Ecopetrol's CEO.

Innovation and technology in environmental monitoring with real-time alerts detect issues like groundwater leaks early and effectively.

Before being appointed CEO of Ecopetrol, Ricardo Roa ran Colombian President Gustavo Petro's political campaign.

The Komodo-1 well will reach 3,900 meters or almost 2.5 miles under the Caribbean Sea.

Frontera's $2.8 million net loss is an improvement over its $8.5 million net loss in Q1.

Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.

While the fall was slightly better than expected, the positive difference is likely not enough to radicalize the central bank into taking more drastic measures.

This week, Petro was in Venezuela with Nicolás Maduro — and oil and gas topped the agenda.