The Mexican government has unveiled a strategic financing plan to support state-owned oil giant Petróleos Mexicanos (Pemex) in tackling its massive financial debt, which stands at US$98.8B.
NG Energy International Corp. (TSXV: GASX) announced the spudding of the Aruchara-4 well at its Maria Conchita block and reported that gross production from the Sinu-9 block reached 22mmcfd. The company also provided a detailed operational update for both assets.
Martha Villarreal Pava, President of the Board of Directors at the Colombian Association of Petroleum Engineers (Acipet), called for a pragmatic approach to the nation’s energy debate, stressing that “without hydrocarbons, there is no possible energy transition.”
… but who’s fault is it?
The Colombian press certainly wants to blame the current administration – either the company’s or the country’s – for the NOC’s declining financial performance. Management blames oil prices which are, most certainly, down over last year. Our previous analyses have supported management’s thesis about short-term, tactical performance, even as we seriously question mid and long-term strategy. Now we have another bad quarter.
Frontera Energy (TSX: FEC) announced its financial and operating results for 2Q25.
GeoPark (NYSE: GPRK) CEO Felipe Bayón announced an increase in the company’s 2025 investment guidance, with all additional resources earmarked for its Colombian operations.
Ecopetrol (NYSE: EC) has once again contradicted President Gustavo Petro’s claims that the government’s massive fuel subsidy bill is responsible for Colombia’s fiscal deficit.
Primax Colombia announced that its majority shareholders, Inversiones Piuranas S.A. and Global Monastir S.L., have signed a share purchase agreement with companies affiliated with UNO Corp., under which the Central American group will acquire all shares held by the sellers.
Ecopetrol (NYSE: EC) announced its second quarter 2025 results, with yet another decrease in key metrics.
In an increasingly uncertain global energy landscape, South America is emerging as the hottest frontier for oil exploration and production.
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