This is the last long essay before the holidays and usually I do a “Year in Review”. But we just did a “Petro 100 days” a few weeks ago and we wrapped up the Duque presidency from an oil and gas perspective in July. There frankly is not much new to say looking backwards, so I decided to look forwards somewhat. I attended the Parex Capital Markets Day last week and it got me thinking about why companies invest here.
Parex Resources Inc. (TSX: PXT) announced a complete business update, alongside its 2023 budget and guidance.
Thermoelectric plants affiliated to the National Association of Generating Companies (Andeg) are making progress in sustainability issues.
Clean Energy announced gas discoveries in the Sinú-9 block, after eight years of operating in the area.
Promigas, Surtigas and Hocol signed an agreement to bring natural gas service to more families in Barranquilla.
Chevron Corp. (NYSE: CVX) received an extended license allowing it to resume oil production in Venezuela and import crude oil.
Oil prices fell in 3Q22 (you knew that) and so, as a consequence did netback. The good news is that margins have held largely constant this year, even up very slightly on average in the past quarter. As always we repeat the “EPA caveat” that individual company results may vary from this cross-industry comparison.
Lisandro Pérez, managing partner of Kearney Colombia, spoke about the energy transition and the role of natural gas in this process.
Naturgas and the Regional Association of Oil and Natural Gas Companies in Latin America and the Caribbean (Arpel) signed a memorandum of understanding. Here are the details.
2025, Hydrocarbons Colombia, All Rights Reserved.
