Ecopetrol (NYSE: EC) is ramping up its efforts to enhance natural gas production in 2024, with plans to double down on its investments in this sector.
At the recent Naturgas Congress in Cartagena, experts emphasized the importance of coordination and complementarity in advancing energy transition through gas.
Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures as of March 2024. Here are the details.
Canacol Energy Ltd. (TSX: CNE) provided the following information concerning the new Chontaduro 1 gas discovery.
President Gustavo Petro proposed a strategic alliance between Colombia’s leading oil company, Ecopetrol (NYSE: EC), and Brazil’s Petrobras.
The National Hydrocarbons Agency (ANH) released a draft resolution aimed at addressing special conditions affecting mission contracts signed from the effective date of Agreement 2 of 2017 or those voluntarily adopting it.
Just under two weeks ago on April 4th, 2024, we published the news that the Administrative Tribunal of Cundinamarca (TAC) had rejected Hupecol’s lawsuit over its environmental license for the Serrania block. In 2016, the license had been granted and then revoked days later after a public outcry, rendering the block useless. The TAC’s decision suggests that existing environmental licenses can be revoked at the whim of the National Environmental Licensing Agency (ANLA) at any time, significantly weakening investor confidence in Colombia’s legal stability. We asked Dentons Cardenas & Cardenas (Dentons) for its opinion and we provide some non-legal opinions of our own.
Orlando Velandia, the President of the National Hydrocarbons Agency (ANH), recently provided insights on Colombia’s exploration activities and the country’s energy landscape.
During the closing session of the Naturgas Congress in Cartagena, Colombian President Gustavo Petro sparked controversy by advocating, once again, for the importation of gas from Venezuela.
Natural gas emerged as a crucial fuel in addressing the challenges the electricity sector is facing due to the El Niño phenomenon.
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