One of the key questions underlying the debate about the oil and gas industry in Colombia concerns when demand will peak and so for how long can public finances count on the flow of exports and tax revenues. Gustavo Petro’s “Illuminati” believe we all should stop using fossil fuels today and stop producing the stuff. More pragmatic observers think it too soon to (as some headlines put it) kill the goose that lays the golden eggs. Recently the International Energy Agency (IEA) weighed in with its view, based on various climate change scenarios.
Many of the world’s largest countries are backtracking, or slowing down, on some of their plans to move away from fossil fuels. The Colombian government thinks differently.
The National Hydrocarbons Agency (ANH) published oil production figures for August 2022.
As the lead graph shows, crude oil production rose this year (10,786bd). Not much (1.5%), but it rose. Here’s why.
The National Hydrocarbons Agency (ANH) reported oil production figures for July 2022.
The National Hydrocarbons Agency (ANH) reported oil production figures for June 2022.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for May 2022.
The Ministry of Mines and Energy (MinEnergia) announced oil and gas production during the second week of June.
The Ministry of Mines and Energy (MinEnergia) reported oil production figures for April 2022.
The Ministry of Mines and Energy (MinEnergia) announced the main oil operators in the country.
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