News and AnalysIs for

Canacol Energy Ltd. (TSX: CNE) announced the following information concerning the new Pomelo 1 gas discovery.

NG Energy International Corp. (TSXV: GASX) announced its capital budget for the fiscal year ended December 31, 2024 and provided its production expectations for 2024.

Transportadora de Gas Internacional (TGI), a subsidiary of Grupo Energía Bogotá (GEB), published its results for the fourth quarter of this year.

Canacol Energy (TSX: CNE), amidst market uncertainty regarding its operations, reassured stakeholders of its strong liquidity position and commitment to debt repayment.

Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ending December 31^st, 2023.

The 2024 energy balance for Colombia’s petroleum sector revealed a decline in contracts, with existing ones concluding without new exploration projects due to measures adopted by the current government, according to Mario Zamora, president of Mompos Oil company.

Large oil and gas extraction companies, including ExxonMobil, Shell, Chevron, BP, TotalEnergies, and Eni, continue exercising caution in exploration spending in 2024, with drilling activity poised for a busy year offshore, as revealed by the latest research from Rystad Energy.

We won’t see the official reserves report for a month or so but we have the reports of the major Colombia-focused players. That should give an indicator of how things went last year. Do not expect great news especially when the NOC – which contributes over 60% of reserves – has a down report.

Surtidora de Gas del Caribe S.A. E.S.P. (Surtigas) reported its 2023 operational and financial results.

GeoPark (NYSE: GPRK) was recognized at the Schneider Electric Sustainability Impact Awards for its outstanding contributions to environmental sustainability.