The Colombian Petroleum and Gas Association (ACP) elected new members to lead its Board of Directors for the upcoming year.
Promigas, through its subsidiary Surtigas, reached a significant milestone of connecting seven million users to its natural gas service.
At the Andesco Congress held in Cartagena, Rodolfo Anaya, President of the Vanti Group, issued a stark warning about the potential for a temporary natural gas shortage starting in 2025 if current regulations are not amended.
Manuel Buitrago, President and Country Manager of Gran Tierra Energy in Colombia outlined crucial steps for successfully developing oil and gas exploration and production projects in the Putumayo department.
Terpel officially sold its businesses in Peru and Ecuador.
Hocol successfully completed an infrastructure project impacting three segments of the road connecting Chaparral and Ataco, two municipalities in Tolima.
Global oil majors are making record investments in the search for new oil reserves in Latin America.
After the results of the exploratory gas well drilling in the Caribbean offshore, Orca Norte 1, Ecopetrol decided to cancel the pipeline project that was planned to connect this deposit with the existing pipeline in the Chuchupa field, generating concerns in the country.
Primax Colombia S.A. announced that an extraordinary shareholders’ meeting was held, where several significant resolutions were approved.
It seems trivial to reduce all the work companies do to stimulate sales and manage costs to a simple rule but, for the last five quarters, the consequences have not changed. The lead graph shows Average Realized Oil Price in 1Q24 was very similar to 2023 and so was netback.
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