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The President of the Organization of the Petroleum Exporting Countries (OPEC), Antonio Oburu Ondo, emphasized the essential role of oil in the world.

In its passion to avoid auctioning additional oil and gas exploration contracts, the Petro government wants to revive 39 blocks that the ANH has suspended at the companies’ request. Is there really an opportunity to “return the suspension request to sender” and create new reserves and production? And if so, how much production could be affected?

Oil companies operating in Colombia want the suspension of exploration contracts due to several challenges, including social conflicts, difficulties with prior consultation processes with local communities, environmental concerns and public safety issues.

Canacol Energy Ltd. (TSX: CNE) provided the following gas sales and operations update.

The Colombian government carries on with the plan for “vertical integration” between Ecopetrol and ISA, aiming to make the NOC a power generator and have a presence across the entire energy chain.

Major oil and gas companies have invested in clean energy during last years, but it seems like some are changing strategy.

NG Energy International Corp. (TSXV: GASX), reported its financial and operational results for the three months ended March 31^st, 2023, as well as information and expectations concerning NG Energy’s outlook based on currently available information.

Minister of Finance (MinHacienda), Ricardo Bonilla, talked about the behavior of fuel prices for coming months and the deficit of the FECP.

Saudi Arabia and Russia’s decision to extend their voluntary oil production cuts is seen as a pessimistic signal for prices, according to energy sector analyst Clyde Russell.

Young Tae Kim, the Secretary-General of the International Transport Forum (ITF), discussed the primary challenges facing the transportation sector, his perspective on Colombia’s mobility, and provided advice on creating synergy with digital transportation platforms.