The Mining-Energy Planning Unit (UPME) announced the approval of new projects aimed at expanding the availability of natural gas service across Colombia.
Ecopetrol (NYSE: EC) and Petrobras (NYSE: PBR) announced the initiation of drilling for the Uchuva-2 well in the Tayrona Block, located in the Caribbean waters of Colombia.
In recent days, President Gustavo Petro announced a significant cabinet reshuffle, potentially affecting nearly half of his ministers.
The President of the National Hydrocarbons Agency (ANH), Orlando Velandia, provided insights about the updated process allowing companies to cancel oil and gas contracts or return their areas to the State due to environmental restrictions.
Ecopetrol, along with its logistics partners, launched the transportation of crude oil using a fleet of six trucks powered by Liquefied Natural Gas (LNG).
The Medium-Term Fiscal Framework (MFMP) presented by Finance Minister Ricardo Bonilla includes the transfer expected from Ecopetrol to the government with a worrying result.
After the results of the exploratory gas well drilling in the Caribbean offshore, Orca Norte 1, Ecopetrol decided to cancel the pipeline project that was planned to connect this deposit with the existing pipeline in the Chuchupa field, generating concerns in the country.
Colombia’s Environment Minister (MinAmbiente) Susana Muhamad revealed the financial hurdles the country faces in its energy transition.
A new bill was approved establishing subsidies for connecting and installing propane in new social interest housing (VIS) and priority interest housing (VIP).
We came across the National Planning Department’s detailed royalty budget for 2023 – 2024 (a two-year budget) and a bit of analysis got us thinking about what drives the allocation. The simple pie-chart illustrates some of the key points but we did some more sophisticated work to show the main levers.
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