Monday, May 13th, 2024
The headlines scream “Ecopetrol Net Income falls 29%!” with a picture of Ricardo Roa looking forlorn (as he often does these days). The text alludes to Roa’s (many) legal issues caused by his responsibility for Gustavo Petro’s presidential election campaign, trying to tie these somehow to the NOC’s falling performance. As always, the reality is considerably different – and more complex than what you read in the popular press although they sometimes get it right. Roa’s leadership and tenure remain controversial.
The Ministry of Mines and Energy (MinEnergia) unveiled its regulatory agenda for 2024 for the mining, oil, and gas.
Ecopetrol (NYSE: EC) announced its first quarter 2024 results, with a continued decrease in key metrics.
Colombian oil company Ecopetrol (NYSE: EC) announced that it is evaluating the possibility of purchasing some of the assets of Canadian company Canacol Energy (TSX: CNE).
Brigard & Urrutia published an analysis of the consequences of the Constitutional Court’s decision to admit the request of Fiscal Impact filed by the Ministry of Finance (MinHacienda) against the ruling declaring the non-deductibility of royalties unconstitutional.
Primax Colombia and the Foundation for Conservation and Sustainable Development (FCDS) signed an agreement to promote reforestation at the Terrapreta nursery in San José del Guaviare.
The consumption of natural gas has doubled due to the energy generation crisis caused by the El Niño phenomenon.
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