News and AnalysIs for

The first few months of this year have presented a challenging situation in the Colombian oil and gas sector.

The company reported its first quarter 2023 financial results.

Ecopetrol’s (NYSE: EC) Ricardo Roa presented the company’s plan regarding the balance of the Fuel Price Stabilization Fund (FEPC).

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ending March 31^st, 2023.

Experts spoke about the current panorama of the mining and energy sector in Colombia in relation to the Energy Transition and royalties.

The newly appointed Minister of Finance (MinHacienda), Ricardo Bonilla, spoke about the Fuel Price Stabilization Fund (FEPC) and the government’s plan to fight the deficit and stabilize fuel prices.

Minister of Mines and Energy (MinEnergia), Irene Vélez, proposed a review of the targeting of subsidies.

Geopark Limited (NYSE: GPRK) announced its financial results for the three-month period ended March 31th, 2023.

Jose Antonio Ocampo, former Minister of Finance, spoke about his surprise departure from the entity and the key issues such as Ecopetrol (NYSE: EC), new exploration contracts and fuel prices.

Luis Fernando Mejía, President of Fedesarrollo, emphasized the role of the oil and gas sector in the energy transition.