At the closing session of the Naturgas Congress held in Barranquilla, Juan Manuel Rojas, Chairman of the Board of Directors of Naturgas and CEO of Promigas, highlighted the critical situation facing Colombia’s natural gas industry.
Luz Stella Murgas, President of Naturgas, laid bare the consequences of Colombia’s energy policy decisions and offered a clear roadmap to restoring natural gas self-sufficiency.
GeoPark Limited (NYSE: GPRK), a leading independent energy company with more than two decades of successful operations across Latin America, published its 2024 SPEED/Sustainability Report, reaffirming its commitment to responsible energy production and long-term value creation.
Two U.S. based companies, Amec Foster Wheeler USA Corporation and Process Consultants, Inc., reopened a US$2.4B arbitration claim against the Republic of Colombia before the International Centre for Settlement of Investment Disputes (ICSID), the World Bank’s international arbitration court. The dispute stems from the controversial modernization project of the Cartagena Refinery (Reficar).
Ecopetrol (NYSE: EC) is facing serious financial challenges due to the recent plunge in global oil prices.
The government appointed Karen Schutt Esmeral as its new Deputy Minister of Energy, marking a significant leadership change within the Ministry of Mines and Energy (MinEnergia).
Arrow Exploration Corp. (TSXV: AXL) released an operational update focused on its activities in the Tapir Block, located in the Llanos Basin.
Ecopetrol (NYSE: EC) announced the launch of three new natural gas commercialization processes for 2024, reinforcing its commitment to long-term energy supply security in Colombia.
MinEnergia Edwin Palma says the Colombian government will write long-term gas import contracts because “Those increases in gas prices across the country must be reversed.” He is either misguided or misleading Colombians. We hope it is the former. Gas prices appear to be on the upswing and Colombians will pay a premium to eliminate the risk of gas prices going up.
The President of Colombia’s National Hydrocarbons Agency (ANH), Orlando Velandia, offered a surprisingly optimistic forecast for the country’s oil and gas reserves in 2024.
2025, Hydrocarbons Colombia, All Rights Reserved.
