The press has been chattering about Ecopetrol’s stock price for most of the third quarter. The ADRs were US$12.67 on June 24th (the last ex-dividend date) and closed last Friday at US$8.74 down 31%. The Colombian government, Ecopetrol’s 88% owner, seems unconcerned.
The Terpel Foundation recently celebrated its 20th anniversary, marking two decades of significant contributions to education in Colombia.
Colombia is facing a critical energy situation, with warnings from key stakeholders in the hydrocarbons and electricity sectors about a potential natural gas deficit by 2025.
Canacol Energy (TSX: CNE) is currently under investigation by Colombia’s Ministry of Mines and Energy (MinEnergia) due to its failure to meet the gas production commitments it made for 2025 and 2026.
Promigas recently released its 25th edition of the Natural Gas Sector Report in Colombia, emphasizing the critical role natural gas plays in balancing energy security, affordability, and environmental sustainability.
Juan Manuel Rojas, President of Promigas, has outlined a strategy combining imported liquefied natural gas (LNG) with local gas to meet the nation’s energy demand.
Canacol Energy ((TSX: CNE) announced an update to its capital program for 2024.
Ricardo Sierra, President of Celsia, raised concerns over a potential gas shortage in Colombia starting in 2025, citing various challenges that have affected the sector in recent years.
Frontera Energy (TSX: FEC) announced a substantial issuer bid.
In response to the investigation launched by Colombia’s Attorney General Office regarding alleged irregularities in a contract with Canacol (TSX: CNE), EPM’s General Manager, Jhon Maya Salazar, confirmed that the company is fully cooperating with the investigation.
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