News and AnalysIs for

GeoPark Limited (NYSE: GPRK) announced its operational update for the three-month period ended March 31, 2023.

Canacol Energy Ltd. (TSX: CNE) announced a new gas discovery along with April 2023 natural gas sales.

Considering recent announcements by oil companies to terminate their contracts, Frontera Energy (TSE: FEC) announced a decision on two contracts.

NG Energy International Corp. (TSXV: GASX) provided an update on negotiations and agreements with Kronos Energy S.A E.S.P. and Promigas S.A. E.S.P..

Ricardo Roa had his first press conference as Ecopetrol president and investors punished the stock. His ultimate boss, Colombian President Gustavo Petro, would have been happy with Roa’s strict adherence to the government’s official energy policy but commentators questioned the strategy and the share price plummeted.

Frontera Energy (TSX: FEC) announced its financial and operating results for 1Q23.

The president of the Colombian Petroleum and Gas Association (ACP), Francisco José Lloreda, has urged the government to work together to address the global climate crisis.

The national government’s decision not to sign new contracts has been questioned by the sector. This has focused attention on the balance of reserves, which will snapshot the country’s energy sovereignty, La Republica reported.

Tomás González, Director of CREE, highlighted the risks Colombia faces if it fails to transition to renewable energy sources securely.

The passenger transport sector is increasingly venturing into new ways to move their clients in a more environmentally friendly manner.