Ecopetrol (NYSE: EC) reported that its air injection pilot project in the Chichimene oil field, located in Acacías, Meta, has yielded significant results.
NG Energy International Corp. (TSXV: GASX) has successfully commissioned a 28.3 km pipeline from Jobo to the Brujo Central Processing Facility (CPF) at the Sinu-9 site in Colombia.
On the first day of Shareholder Stewardship 101, the professor reminds everyone that different investors measure performance differently. One group of shareholders prioritizes short-term performance, long-term performance concerns others, and dividend flow to others. We know that Colombian President Gustavo Petro never attended that class but Ecopetrol Ricardo Roa seems to have missed it as well.
Colombia has lost 45 years of natural gas self-sufficiency due to current uncertainties and government policies, according to Luz Stella Murgas, the president of Naturgas.
The USO issued an urgent call to Ecopetrol (NYSE: EC) and the Colombian government to take immediate action in reactivating hydrocarbon exploration and production to boost the country’s reserves.
The distribution of wealth generated in Colombia and ensuring it reaches all regions relies heavily on the royalties’ system. This mechanism, managed by the General System of Royalties (SGR), is designed to use revenues from the efficient development of non-renewable natural resources.
After two years under President Gustavo Petro’s administration, the balance in the energy and extractive sector presents a mixed picture.
Recent warnings about a potential shortage of natural gas in 2025 and 2026, which could lead to price increases, stand in stark contrast to the current inflation trends for this energy source.
Felipe Bayón, former president of Ecopetrol (NYSE: EC), raised serious concerns about the financial health of Colombia’s state-owned oil company.
Recently, Ecopetrol’s (NYSE: EC) President, Ricardo Roa Barragán, announced the company’s potential plan to import gas produced through fracking in the Permian Basin (Texas, USA) as a strategy to mitigate Colombia’s projected gas deficit in 2025.
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