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Canacol Energy (TSX: CNE), amidst market uncertainty regarding its operations, reassured stakeholders of its strong liquidity position and commitment to debt repayment.

The Constitutional Court received a proposal from Minister of Finance (MinHacienda) Ricardo Bonilla outlining four ways to mitigate the effects of a ruling that overturned the prohibition on extractive companies deducting royalties from income tax.

Former congressman Jorge Enrique Robledo made waves at the Ecopetrol (NYSE: EC) shareholders’ assembly by challenging the agenda and proposing changes he believes are essential to prevent further financial losses for the company’s shareholders.

Another month of low press activity – one more than February with two more days – and another ride on the rollercoaster although we moved neither closer nor further away from peace by the end. Both the ELN and alias Mordisco processes came off-the-rails during March and both also were righted by Easter. However, the ExFarc / Mordisco negotiations remain on very shaky ground with the ceasefire suspended and the Army preparing to dislodge the dissident leader’s gang from Jamundí.

Campetrol reported its oil production estimate for January 2024 in Colombia.

The National Planning Department (DNP) has swiftly responded to President Gustavo Petro’s recent announcement regarding a reform on royalties, emphasizing prioritizing issues like clean water over the development of infrastructure projects, such as fourth-generation roads.

Colombia’s self-sufficiency relies on the 302 contracts issued in previous years, covering over 15 million hectares.

The Ministry of Mines and Energy (MinEnergia) recently released a draft decree aimed at modifying article 2.2.2.2.24 of Decree 1073 of 2015, specifically concerning the availability of natural gas for electricity demand during periods of low hydrology.

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ending December 31^st, 2023.

The 2024 energy balance for Colombia’s petroleum sector revealed a decline in contracts, with existing ones concluding without new exploration projects due to measures adopted by the current government, according to Mario Zamora, president of Mompos Oil company.