News and AnalysIs for

Parex Resources Inc. (TSX: PXT) published its 2025 guidance, announced that its syndicated credit facility has been increased, as well as providing its 4Q24 average production.

Camilo Sánchez, president of the Council of Business Associations (Consejo Gremial) and Andesco, expressed grave concerns about Colombia’s energy future.

The Energy and Gas Regulatory Commission (CREG) is currently exploring measures to ensure that imported gas does not significantly impact the prices for consumers.

The Inspector General Office imposed a twelve-month suspension on Juan Carlos Vila Franco, former Head of Information and Communication Technologies at the National Hydrocarbons Agency (ANH).

The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during November 2024.

The Komodo-1 offshore exploration project, a joint initiative by Anadarko (OXY) and Ecopetrol (NYSE: EC), is facing significant hurdles following the issuance of its environmental license by Colombia’s Ministry of Environment and the National Environmental Licensing Authority (ANLA).

Starting January 15, the Wayúu indigenous people in Colombia’s La Guajira region will launch an indefinite strike to demand justice, recognition, and equitable benefits from the natural resources extracted from their territory.

The Colombian Ministry of Mines and Energy (MinEnergia) has taken a significant step toward diversifying its energy portfolio by implementing Decree 1598, aimed at advancing the exploration and utilization of geothermal energy.

Time for our annual predictions article. Mostly focused on quantitative measures of the industry – prices, Capex, reserves, production – but also some comments on policy issues for 2025.

The National Business Council (Consejo Gremial Nacional) and the Colombian Federation of Cargo Transporters (Colfecar) raised alarm over worsening security issues in Colombia, including a surge in extortion cases and road blockades, despite a decline in kidnappings.