The incoming de la Espriella government’s stated ambition to expand oil and gas production is the easy part of its energy agenda — the hard part is bridging the supply gap before new production arrives.
Petrobras has confirmed that it has completed the advance commercialization of the full volume of natural gas corresponding to its participation in the offshore Sirius project, developed jointly with Ecopetrol in the Colombian Caribbean.
Colombia’s energy regulator CREG took a concrete step toward regulating hydrogen injection into the national gas transport network on June 24, hosting a sector workshop and publishing two technical studies on the economics and engineering of hydrogen-natural gas blending (H2+CH4) in the Sistema Nacional de Transporte (SNT).
regasification terminal in Cartagena shuts down for scheduled maintenance.
The five-day window may sound manageable in isolation, but El Tiempo’s energy sector analysis places it inside a set of compounding vulnerabilities that make it anything but routine.
The Port of Tumaco on Colombia’s Pacific coast received a shipment of 103,000 barrels of fuel from the Cartagena refinery on June 20, in what Minister of Mines and Energy Edwin Palma framed as the reactivation of a strategic logistics node that will diversify fuel supply routes for Nariño and the country’s southwestern departments.
As we write this article, on Tuesday, June 30th, Brent is US$72.99 a barrel on FT.com. Who knows where it may be when you read this, likely some time on Wednesday, July 1st?
El Heraldo assembled four energy sector voices to assess the fallout from the Alberta court’s ruling authorizing Canacol Energy to suspend its Colombian gas supply contracts — a decision affecting twelve counterparties including Cerro Matoso, Promigas, Gases del Caribe, and Surtigas.
With Rodrigo Lara Restrepo confirmed as Interior Minister on June 26 – the first official appointment of Abelardo de la Espriella’s incoming government – attention turns to the portfolios that matter most for energy investors, where the picture remains considerably less settled. Two names have surfaced specifically for Mines and Energy.
Ecopetrol has delivered 52,300 school kits to children, youth, and teachers in 31 municipalities across nine departments, as part of the company’s Education and Sports investment line aimed at strengthening school retention and easing the back-to-school financial burden for families in the company’s areas of operation.
The Court of King’s Bench of Alberta issued a ruling on June 24 granting Canacol Energy Ltd. permission to cancel 19 natural gas supply and transportation contracts with Colombian counterparties, advancing the most consequential legal step yet in the company’s CCAA restructuring.
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