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Parex 1Q24 results

Parex 1Q24 results

Parex (TSX: PXT) announced its financial and operating results for the first quarter 2024. Here are the details.

Tuesday, May 14th, 2024
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Legislative activity for extractive sector

At the Congress of the Republic, as of April 2024, a total of 39 bills related to the mining, petroleum, and gas sectors are being processed.

Monday, May 13th, 2024
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Taxi driver subsidy

The Colombian government is set to provide a subsidy of CoP$453,000 to taxi drivers across the country.

Monday, May 13th, 2024
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Bridges are being built using oil waste

A significant portion of industrial waste from oil companies is now being utilized for the construction of road infrastructure, specifically bridges that connect pathways and roads in remote areas far from consumption centers.

Monday, May 13th, 2024
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Now its Downstream’s fault…

Now its Downstream’s fault…

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.

Monday, May 13th, 2024
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GTE 1Q24 results

GTE 1Q24 results

Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the first quarter of 2024.

Thursday, May 9th, 2024
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Ecopetrol’s transition plan

Ecopetrol (NYSE: EC) unveiled its ambitious transition plan towards a more sustainable energy future, signaling its commitment to lead the charge in energy diversification across the Americas.

Thursday, May 9th, 2024
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Adjusting gas transportation tariffs

The recent announcement by the CREG to integrate gas transmission networks, with adjustments in transportation by the distribution company Vanti, continues to spark opposition, particularly in the northern departments of Colombia.

Thursday, May 9th, 2024
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MinEnergia’s regulatory agenda

The Ministry of Mines and Energy (MinEnergia) unveiled its regulatory agenda for 2024 for the mining, oil, and gas.

Thursday, May 9th, 2024
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ECP’s 1Q24 results

ECP’s 1Q24 results

Ecopetrol (NYSE: EC) announced its first quarter 2024 results, with a continued decrease in key metrics.

Wednesday, May 8th, 2024
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