News and AnalysIs for

Amid global climate change concerns, Colombia’s natural gas sector is making strides in reducing its carbon footprint.

In a recent discourse, President Gustavo Petro reiterated his opposition to gas, coal, and oil, echoing his stance against these fossil fuels amid international debates.

The Federation of Cargo Transport Entrepreneurs (Fedetranscarga) opposed the government’s proposition to increase the diesel for major consumers.

Ecopetrol (NYSE: EC) launched a new Econova challenge to contract technology companies interested in solving nine open innovation challenges related to energy transition, decarbonization, and sustainable and safe operation at its Cartagena refinery.

Geopark Limited (NYSE: GPRK) announced its financial results for the three-month period ended September 30^th, 2023.

Jorge Enrique Robledo, a former senator, is seeking to have President Gustavo Petro investigated by the Chamber of Representatives’ Accusation Commission for alleged “misconduct by commission and omission.”

Colombia stands out at the ongoing United Nations Climate Summit (COP28) in Dubai, where the nation has been actively advocating for climate-conscious policies. At the forefront of these discussions is Susana Muhamad, Colombia’s Environment Minister, who leads the national delegation.

The Ministry of Finance (MinHacienda), in collaboration with the Ministry of Mines and Energy (MinEnergia), has a draft decree aimed at hiking the diesel price but only for big companies.

We assume investors view royalties as a cost-of-doing business without regard to value judgements like positive or negative or, as the title suggests, kind or unkind. In fact, our heading for this quarter’s review of company financial results is a play on words. For a number of fields, the ANH changed the way royalties are collected (in kind versus in cash) and this changes results presentations for many companies.

At the fourth technical meeting with the government, the Intra-association Transport Chamber – UNIDOS (representing cargo, passenger, and dump truck transporters) presented its proposal for determining the price of diesel in Colombia.