Ecopetrol (NYSE: EC) announced significant operational disruptions caused by a series of recent events, including the ongoing truckers’ strike, attacks on critical oil pipelines, and the takeover of a key gas plant.
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.
Natural gas has played a vital role in the social and economic transformation of Colombia, providing an essential public service that enhances the quality of life for over 36 million citizens, or 12 million households.
A vacation trip to Valledupar in the Colombian department of Cesar showed me some successful and some failed royalty projects which I think have lessons for oil and gas companies.
A significant portion of industrial waste from oil companies is now being utilized for the construction of road infrastructure, specifically bridges that connect pathways and roads in remote areas far from consumption centers.
Juan Camilo Nariño, the Colombian Mining Association’s (ACM) president, disclosed the value of goods and services contracted by miners in the country.
At the 2024 Naturgas Congress, the panel “The Voice of the American Continent’s Communities” shed light on the relevance of indigenous participation in energy transition and major development projects.
In recent days, Ocensa raised concerns about a potential rupture in the oil pipeline at kilometer 235 due to pipe damage and the inability to perform maintenance due to community blockades.
Colombia’s most prominent oil industry union, the USO, has been raising concerns for weeks about Ecopetrol’s leadership considering a budget cut for its 2024 investment plan.
Frontera Energy disclosed that since Friday, November 10th, a group of employees from metal-mechanical companies, serving as contractors in the CPE-6 field operated by the company in the municipality of Puerto Gaitán (Meta), has blockaded the site.
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