Alcindo Moritz, president of Petrobras Colombia, used a La República interview to lay out the most detailed public timeline yet for the Sirius offshore gas megaproject — and to deliver a pointed assessment of what Colombia’s new government must do to prevent the current gas crisis from deepening further.
Luz Stella Murgas, president of the natural gas industry association Naturgas, used a detailed interview published in El Tiempo on July 6 to map what she called a “critical juncture” in the Colombian gas sector and to set out the five priorities she says cannot wait beyond the first hundred days of the De la Espriella administration.
Ecopetrol has temporarily suspended the contracting process for shutdown and maintenance services at its Barrancabermeja and Cartagena refineries — a procurement worth approximately US$700M — following a corruption scandal that combined an anonymous bribery complaint sent to board members in May with two internal memos from senior refinery officials demanding the process be frozen before the government handover.
As might have been expected, we got complaints about using the SuperSociedades data in yesterday’s chart. Today we try to be a bit more rigorous.
The Colombian Oil and Gas Association (ACP) issued a formal warning on July 1 that a work stoppage at Puerto Gaitán, Meta — now exceeding 25 days — is causing escalating damage to employment, regional economic activity, contractor supply chains, and the execution of strategic infrastructure projects across the hydrocarbons sector.
Miguel Gómez Martínez, designated Finance Minister for the incoming de la Espriella administration, gave Valora Analitik his most candid assessment yet of Ecopetrol’s condition and the incoming government’s economic framework in a wide-ranging interview published July 4.
Venezuela’s oil production emerged intact from the two earthquakes — magnitudes 7.2 and 7.5 — that struck the north of the country in late June, killing more than 3,500 people and causing widespread infrastructure damage.
Cerro Matoso, the ferronickel producer in Córdoba owned by CoreX following South32’s exit, confirmed on July 1 that it has reduced operations by 25% due to gas supply restrictions already imposed by Canacol — a cut the company says puts hundreds of direct jobs and contracts with local suppliers and contractors at risk, along with royalty and tax flows to both the department and the national treasury.
Fabio Arjona Hincapié – a marine biologist, former vice-minister of Environment under Ernesto Samper, and until recently director of Conservación Internacional Colombia – was confirmed as de la Espriella’s minister for the Environment and Sustainable Development portfolio that will sit at the intersection of the new government’s hydrocarbons expansion agenda and its stated commitment to environmental protection.
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