Ecopetrol’s (NYSE: EC) President, Ricardo Roa, and Colombia’s Minister of Mines and Energy (MinEnergia), Andrés Camacho, visited Brazil recently to meet with executives from Brazilian companies, focusing on potential business ventures in energy transition and hydrocarbons.
The Vice Presidency of Operations, Royalties, and Participation of the ANH has released a key document on the oversight and measurement of the volume and quality of hydrocarbons produced in Colombia. Companies should have their regulatory and operations teams review the source documents. What follows is our summary of the document.
Colombia is currently facing a jet fuel shortage due to a technical failure at the Cartagena Refinery, which supplies approximately 35% of the country’s aviation fuel demand—equivalent to 13,000bd.
Colombia stands at a critical crossroads in its development journey. With significant challenges in the extractive sector, including a 48.93% decrease in natural gas reserves over the past 15 years, the country faces urgent decisions.
Colombia’s Energy and Gas Regulation Commission (CREG) introduced a set of new regulations designed to increase flexibility in the commercialization of natural gas.
Ecopetrol (NYSE: EC) reported that its air injection pilot project in the Chichimene oil field, located in Acacías, Meta, has yielded significant results.
NG Energy International Corp. (TSXV: GASX) has successfully commissioned a 28.3 km pipeline from Jobo to the Brujo Central Processing Facility (CPF) at the Sinu-9 site in Colombia.
On the first day of Shareholder Stewardship 101, the professor reminds everyone that different investors measure performance differently. One group of shareholders prioritizes short-term performance, long-term performance concerns others, and dividend flow to others. We know that Colombian President Gustavo Petro never attended that class but Ecopetrol Ricardo Roa seems to have missed it as well.
Colombia has lost 45 years of natural gas self-sufficiency due to current uncertainties and government policies, according to Luz Stella Murgas, the president of Naturgas.
The USO issued an urgent call to Ecopetrol (NYSE: EC) and the Colombian government to take immediate action in reactivating hydrocarbon exploration and production to boost the country’s reserves.
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