The Colombian Chamber of Goods and Services (Campetrol) reported rig information for August 2023.
President Gustavo Petro recently sanctioned Law 2327 of 2023, which introduces the concept of environmental liability and outlines guidelines for its participatory, adequate, and timely management.
In a recent article, Minister Susana Muhamad argued, “Water is for life, not for fracking,” expressing concerns about the impact of fracking on water resources. While ACIPET strives to avoid political controversy, it seeks to contribute to sustainable national growth and transformation.
The National Hydrocarbons Agency (ANH) of launched a digital platform, the Economic Rights Settlement System.
A recent report from Fitch Ratings highlights significant discoveries by international investors and a global preference for natural gas, indicating that Colombia’s economy and hydrocarbon industry are poised for long-term growth.
President Gustavo Petro and Environment Minister (MinAmbiente) Susana Muhamad addressed the reduction of oil, coal, and gas extraction to combat the climate crisis during the United Nations General Assembly.
In the southern region of Atlántico, Colombia, the arrival of natural gas brings newfound joy to communities like Villa Rosa in Repelón.
In a recent review, Fitch Ratings upheld Terpel’s credit rating, commending the company’s robust financials. The long and short-term ratings remain at AAA, with a Stable outlook.
MinEnergia recently published its draft energy transition roadmap and the attention has focused on electrification for good reason: the Colombian government expects a dramatic increase in the proportion of total energy – including transport – served by electricity. For that, we have written extensively in our sister publication ePowerColombia. But the roadmap makes assumptions about oil and gas demand and supply that could impact the hydrocarbons industry.
Concerns are mounting within the Colombian government regarding the limited reserves of natural gas in the country.
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