With the election of the new president of the Republic, Gustavo Petro, there is speculation as to what will be the relationship between his government and the administration with Ecopetrol (NYSE: EC).
The government announced the projects that could request an environmental license to implement fracking, after the decision of the Council of State on the regulation of this technique.
Grupo Mayagüez began its energy transformation process, in which natural gas plays a key role.
The Ministry of Mines and Energy (MinEnergia) reported oil production figures for May 2022.
Colombian market analysts talked about the new president’s proposals for the extractive sector and their possible risks.
The Colombian Petroleum Association (ACP) spoke about the proposal to cancel the fracking pilots.
Chevron (NYSE: CVX) announced an alliance with the Corales de Paz Corporation.
The Council of State denied a lawsuit that sought to nullify the technical standards for the E&P in unconventional reservoirs. However the denial was on legal not technical grounds.
Canacol Energy Ltd. (TSX: CNE) provided information concerning its June 2022 natural gas sales and the results of the Cornamusa 1 exploration well, along with near term drilling plans.
President-elect Gustavo Petro has proposed in different scenarios that fracking will not be developed in his government and Ecopetrol (NYSE: EC) made a statement on the legal obligations with the Fracking Pilot Projects (PPII).
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