Colombia’s leading companies are bracing for a sharp increase in energy costs as the nation’s dwindling natural gas production forces a reliance on expensive imports to prevent shortages.
The importation of natural gas from Venezuela to Colombia remains a hotly debated issue among stakeholders in the hydrocarbons sector.
In a significant move to ensure the effective use of royalties in Colombia, the President of the Colombian Association of Petroleum and Gas (ACP), Frank Pearl, announced the creation of a monitoring mechanism for managing these resources.
In the US, four law firms have launched investigations into Ecopetrol (NYSE: EC) to determine whether the company or any of its executives violated US securities laws or engaged in improper business practices.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during April 2024.
President Gustavo Petro emphasized Colombia’s progress in shifting from an extractive to what he calls “a productive economy”.
The Ministry of Mines and Energy (MinEnergia) published a draft decree to amend Chapter 2, Title II, Part 2, Book 2 of Decree 1073 of 2015.
Ecopetrol (NYSE: EC) is undergoing significant leadership changes within its subsidiaries.
It seems trivial to reduce all the work companies do to stimulate sales and manage costs to a simple rule but, for the last five quarters, the consequences have not changed. The lead graph shows Average Realized Oil Price in 1Q24 was very similar to 2023 and so was netback.
The National Hydrocarbons Agency (ANH) published the natural gas production for April in Colombia.
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