Colombia and Venezuela make peace on oil patch
Colombia's largest company, state-controlled energy firm Ecopetrol, plans to drill for crude oil in neighboring Venezuela as the two countries continue to improve once-strained relations.
Colombian Energy Minister Mauricio Cárdenas announced the plans after a meeting with his Venezuelan counterpart, Rafael Ramírez.
Cardenas said Ecopetrol will work alongside Venezuela's national oil company, PdVSA, to revitalize already-developed oil fields in western Venezuela's oil-rich Lake Maracaibo.
Source: Dow Jones