The Minister of Mines and Energy, Irene Vélez, and the Vice Minister of Energy, Belizza Ruiz, spoke about the continuity of oil and gas exploration in the country. This is what the Minister of Finance (MinHacienda), Jose Antonio Ocampo, had to say.
Or maybe it is Irene Vélez’s fault but in any event the change in government has clearly impacted the share prices of Colombia-focused oil and gas producers. To no one’s surprise (we assume), Ecopetrol is among the hardest hit.
Canacol Energy Ltd. (TSX: CNE) provided information concerning its September 2022 natural gas sales and the results of the Canaflecha 2 and Claxon 1 wells, along with its exploration drilling plans for the remainder of 2022.
President Gustavo Petro participated in the Naturgas Congress and spoke about subsoil resources.
Ecopetrol (NYSE: EC) announced important investments in natural gas for this year.
Promigas talked about the number of residential users with natural gas in the country.
The Minister of Finance (MinHacienda), José Antonio Ocampo, and the coordinators of the tax reform, reached an agreement about the tax on oil and coal exports.
The Colombian Mining Association (ACM) and the Colombian Oil and Gas Association (ACP) commented on the tax reform and its possible consequences for the sector.
Fitch Ratings believes Colombia’s most recent tariff review will be credit neutral for the county’s natural gas transportation companies.
Carlos Alberto Mazeneth, General Manager of Efigas, spoke about the company’s commitment to sustainability.
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