Gran Tierra Energy (NYSE: GTE) announced an operations and financial update.
While rising oil prices have brought smiles to the faces of oil producers and MinHacienda, rising global natural gas prices must be keeping the CREG up at night. It should also be disturbing advocates of the regas strategy.
The Minister of Finance (MinHacienda), José Manuel Restrepo, spoke about the economic reactivation and the sectors that will be key in this process.
The Fuel Price Stabilization Fund (FEPC) will have a growing deficit due to the rebound in international oil prices and the global increase in fuel costs.
The General Royalties System (SGR) started the ‘Padrino’ Plan in Bolivar.
The Ministry of Mines and Energy (MinEnergia), talked about oil and gas production in the last week of September and about international gas prices.
Ecopetrol (NYSE: EC) will start extraction activities on a commercial scale in two new fields.
The National Hydrocarbons Agency (ANH) and Anadarko Colombia Company, signed four contracts for hydrocarbon E&P in the Colombian Caribbean.
The country is advancing in the construction of a robust thermal generation sector to serve as backup to the Colombian electricity system.
In view of the country’s declining natural gas and oil reserves, the development of unconventional fields is becoming more important.
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