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Rumors of higher gas tariffs

Amid growing concerns about a potential gas shortage in Colombia, there’s increasing speculation about a rise in household gas tariffs.

Wednesday, October 23rd, 2024
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Fate of Ecopetrol

Fate of Ecopetrol

In recent days, Ecopetrol has made national headlines as the company’s stock hit lows not seen since the pandemic.

Tuesday, October 22nd, 2024
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Natural gas-powered cargo vehicle

The first 100% natural gas-powered cargo truck has started operating on the roads of the Caribbean region of Colombia.

Tuesday, October 22nd, 2024
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Bolivia’s socialist dream collapses

For years, Bolivia was seen as a rare socialist success in Latin America, achieving economic growth, low inflation, and reduced poverty. However, the country’s mismanagement of its gas resources provides a cautionary tale.

Tuesday, October 22nd, 2024
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ECP to import diesel

Ecopetrol (NYSE: EC) announced measures to ensure a continuous supply of diesel in Colombia, following recent attacks on the Coveñas-Caño Limón (CCL) and Bicentenario pipelines.

Tuesday, October 22nd, 2024
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Gas rationing for the coast

Gas rationing for the coast

The Ministry of Mines and Energy (MinEnergia) published a draft resolution to introduce a Natural Gas Allocation Prioritization Mechanism during the scheduled maintenance of the Caribbean Regasification Plant (SPEC).

Monday, October 21st, 2024
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200% carbon tax hike?

Colombian Finance Minister (MinHacienda) Ricardo Bonilla appeared before the Senate’s Commission IV to introduce a new tax reform bill, known as the “Financing Law.”

Monday, October 21st, 2024
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Suspected fraud hits Canacol suppliers

Canacol Energy has been thrust into the spotlight as a fraud investigation unfolds, involving the multinational company and its subcontractor Petropolar Sucursal Colombia. Canacol vigorously defends itself, saying that it was a victim of Petropolar.

Monday, October 21st, 2024
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Primax faces multiple challenges

Primax, one of Colombia’s key energy companies, faced significant hurdles this year, primarily driven by climate-related and logistical issues.

Monday, October 21st, 2024
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Summit and anti-summit

At the beginning of October, the oil and gas industry held its annual three-day summit, this time in Cartagena. Overlapping slightly, the Petro government also held a three-day summit called Feria de las Economias para la Vida (Economies for Life Fair) or FEV. The President and the Minister of Energy at least seemed to position it as the opposite of the Oil and Gas Summit.

Monday, October 21st, 2024
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