Colombia is bracing for a significant natural gas deficit in the coming years, starting as early as 2025. According to a report from Rystad Energy, local production will not suffice to cover the anticipated shortfall in the short term.
GeoPark (NYSE: GPRK) released its ‘Good Neighbors’ report, detailing the company’s social and environmental advancements during the first half of the year.
The Petro government is no less scandal-ridden than previous Colombian governments, despite its rhetoric during the campaign, but this month embarrassing incidents exploded within the peace process, making an already shaking situation even worse. One of these may even have contributed directly to problems in the ELN negotiations, which seem mere days away from suspension if not collapse.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for June 2024.
The Colombian natural gas sector faces uncertainty regarding future prices and supply.
Carlos Hernán Rodríguez Becerra, Inspector General of Colombia, recently highlighted the critical issue of declining royalty revenues and the potential repercussions for the country’s economy.
The Ministry of Mines and Energy (MinEnergia) has released a draft decree amending Resolution 00279 of March 30, 2023, regarding the annual tariff adjustment factor for oil pipeline transportation.
President Gustavo Petro asserted that heavy oil might be the first to go to zero demand globally, suggesting that “Colombian oil is heavy, and this will be the first to exit the world market.” But how accurate is the claim that heavy oil will be the first to be phased out?
The Colombian Natural Gas Association (Naturgas) highlighted a potential shortfall in the country’s natural gas supply for 2025 and 2026, based on data from the Natural Gas Market Manager. Ecopetrol (NYSE: EC) responded quickly to this allegation.
Amid rising concerns over a potential gas shortage in Colombia, Camilo Sánchez, president of Andesco, issued a pressing call to take the necessary measures to secure the country’s energy supply.
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