Frank Pearl, President of the Colombian Association of Petroleum (ACP), brought the VI Oil, Gas, and Energy Summit to a close, alongside Minister of Defense Iván Velásquez.
Clara Guatame, President of the National Hydrocarbons Agency (ANH) (still, for now?), addressed the VI Oil, Gas and Energy Summit, highlighting the agency’s strategies to promote sustainable practices.
The VI Oil, Gas, and Energy Summit hosted a compelling panel discussion centered on the future of natural gas, and self-sufficiency in the medium and long term.
Canacol Energy (TSX: CNE) recently announced the cancellation of its long-term gas sales contract with EPM, originally set to commence deliveries on December 1, 2024. This decision has already reverberated in the risk assessment agencies, starting with Fitch Ratings.
The lightest peace news month in 2023 meant Colombians focused on other issues, specifically the regional elections that took place on the 29th of October. These could impact President Gustavo Petro’s ability to implement whatever agreements he manages to achieve. UPDATE: On Thursday, November 2, 2023 the High Peace Commissioner Danilo Rueda reported that the ELN were responsible for the kidnapping of Luis Manuel Diaz, father of Colombian international footballer Luis Diaz. This violates the spirit if not the letter of the peace talks (which Rueda’s social media post highlights) so for now we can only say that the impact on the process is unpredictable.
The Union of Oil Workers (USO), the labor union representing employees of Ecopetrol, expressed strong disapproval regarding the announced cuts in exploration and production areas, which they deem vital for the company’s operations.
During the VI Oil, Gas, and Energy Summit, Daniel Ferreiro, CEO of Parex, shared insights into the company’s strategic focus on Colombia and its engagement with tax works initiatives.
The VI Oil, Gas, and Energy Summit provided a platform for Jorge Iván González, Director of National Planning (DNP), and Mauricio Cardenas, former Minister of Finance (MinHacienda), to delve into the crucial topics of energy transition, its financing, and the role of the petroleum sector in this process.
Colombia’s Minister of Mines and Energy, Omar Andrés Camacho, talked about the cancellation of the Canacol and EPM gas deal. Analyst gave their opinion as well.
The National Hydrocarbons Agency (ANH) reported oil production figures for August 2023.
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