News and AnalysIs for

The NOC successfully completed a placement of External Public Debt Bonds in the international capital market. Here are the details.

This chart comes from a MinEnergia study released just before Christmas. I would love this graph to be true. Really. No need for gas imports until 2042? Export capability until that time? Fantastic! Don’t get me wrong.

Gas production was 947 mmcfd in October 2023, the lowest since August 2020 in the depths of the pandemic.

… you lose on the roundabouts. The benefits for consumers from lower electricity rates have been more than wiped out by the increase in gasoline prices. Now, with an increase in diesel prices, a showdown with the truckers looms.

National business newspaper Portafolio recently interviewed National Environmental Licensing Agency head Rodrigo Negrete to understand his plans for the institution. He talked about having more rigor, decentralizing and alluded to formally including community feedback in the licensing process.

Via a press release GeoPark announced a biodiversity training program in partnership with Colombia’s Biodiversity Information System (SiB Colombia), the CNAB water and biodiversity center of National Entrepreneurs’ Association ANDI and the Global Biodiversity Information Infrastructure (GBIF): The Corporate Management for Nature: Training Path to Biodiversity Data Mobility.

Hard to see from our graph perhaps but production hit a 23-month high and the 12-month average has been rising for 11 months. The difference is marginal but the trend is worth celebrating.

The Ministry of Mines and Energy (MinEnergia) confirmed upcoming changes in management and coordination positions at the Vice Ministry of Energy. Here are the details.

The country still relies heavily on oil prices to support its public finances, yet these are starting to weaken, after reporting significant increases last year.

The NOC has formally asked the US government for a license to work with PDVSA. A similar permission was granted to US oil major, Chevron, in November, which the company used to export crude from Venezuela.