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Clarity on new royalty formula

Following a recent meeting, Colombia’s governors, organized under the National Federation of Departments (FND), called on the national government to review the new formula for the General System of Royalties (SGR) budget for the 2025-2026 period.

Thursday, October 17th, 2024
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PGN on Komodo-X1

The Inspector General’s Office (PGN) requested that the National Environmental Licensing Agency (ANLA) lift the suspension of the environmental licensing process for the Komodo-X1 offshore hydrocarbon exploration drilling project, located in the COL-1 block of the Caribbean Sea.

Thursday, October 17th, 2024
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Colombia’s major gas discoveries

Seven years ago, Colombia celebrated what was hailed as the country’s largest natural gas discovery in four decades.

Thursday, October 17th, 2024
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GeoPark 3Q24 operational update

GeoPark 3Q24 operational update

GeoPark Limited released its operational update for the third quarter of 2024 (3Q24).

Wednesday, October 16th, 2024
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Extractive sector surtax upheld

In its ruling C-420, Colombia’s Constitutional Court upheld the corporate income surtax imposed on the mining and energy sector, as established in the 2022 tax reform.

Wednesday, October 16th, 2024
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Strategies to increase gas availability

Amid Colombia’s ongoing economic challenges and reduced gas availability, former commissioner of the Energy and Gas Regulatory Commission (CREG), Daisy Cerquera, presented strategies aimed at boosting the country’s gas supply.

Wednesday, October 16th, 2024
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Ecopetrol faces a challenging 2024

Ecopetrol (NYSE: EC) is heading into 2024 under immense pressure.

Wednesday, October 16th, 2024
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Parex production update

Parex production update

Parex Resources Inc. (TSX: PXT) released its production update for the third quarter of 2024. The company will announce its financial and operational results on November 5, 2024.

Monday, October 14th, 2024
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Ecopetrol’s gas expansion plan

During the VII Oil, Gas, and Energy Summit, Rafael Guzmán, Executive Vice President of Operations at Ecopetrol (NYSE: EC), outlined the company’s strategic initiatives aimed at strengthening Colombia’s hydrocarbon sector.

Monday, October 14th, 2024
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Campetrol’s proposal

Nelson Castañeda, president of the Colombian Chamber of Oil, Gas, and Energy Goods and Services (Campetrol), outlined five key pillars that the industry hopes to implement in collaboration with the government and local authorities.

Monday, October 14th, 2024
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