The news is full of rising prices and their potential impact on gasoline and the upcoming US elections. But as the lead graph shows, oil prices fell during 2Q23 and that had a parallel impact on netback.
Gran Tierra Energy Inc. (TSX: GTE) announced the successful completion of all pending conditions outlined in the agreement made on April 11, 2023, with Ecopetrol (NYSE: EC).
In a recent announcement, CB&I UK Limited, McDermott International Holdings B.V., and Lealand Finance Company B.V. revealed plans for judicial restructuring under Dutch and UK law.
Promigas’ Juan Manuel Rojas talked about the company’s interest in this project and the country’s need.
Frontera Energy (TSE: FEC) announced plans for the development of the inaugural Ikotia solar park in Puerto Gaitán, Meta, in collaboration with Enel X.
In the early hours of Saturday, September 2nd, a powerful storm accompanied by strong winds wreaked havoc on Ecopetrol’s (NYSE: EC) refinery located in the municipality of Barrancabermeja, Santander Department.
The Ministry of Mines and Energy (MinEnergia) issued a statement regarding the natural gas crisis affecting the northern region of the country. Canacol Energy also made a statement on this issue.
Terpel announced the signing of a significant contract with Cenit.
NG Energy International Corp. (TSXV: GASX) announced that all three phases of drilling at Aruchara-3 have been completed on time and under budget to a total depth of 9,050 feet.
Ecopetrol’s Net Income looks to fall just over 40% this year with most of the decrease coming from E&P. What causes that? Lower oil prices? Higher costs as President Gustavo Petro turns the NOC into his social agenda’s “petty cash”? Or, as the press release put it, tax reform?
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