South America

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Ecopetrol Eyes Buying Carlyle’s Colombia Asset to Boost Reserves

Colombia’s state-owned Ecopetrol SA is considering buying Carlyle Group’s oil driller in the nation as it looks to boost reserves and output, its top executives said in an interview.

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Trump Revokes Permits to US, Foreign Oil Firms in Venezuela

The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. The move further isolates Venezuelan President Nicolas Maduro from the world oil market.

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