The Mining and Energy Planning Unit (UPME) awarded audit contracts for five key infrastructure projects as part of Colombia’s National Gas Supply Plan (IPAT). These projects are essential for expanding the country’s natural gas transportation capacity and ensuring reliable supply across different regions.
The Colombian Government, through the Ministries of Finance (MinHacienda) and Mines and Energy (MinEnergia), submitted a budget proposal for royalties.
President Gustavo Petro delivered a message to Ecopetrol (NYSE: EC).
Orlando Velandia, President of Colombia’s National Hydrocarbons Agency (ANH), described the latest gas discovery figures from Ecopetrol (NYSE: EC) and Petrobras (NYSE: PBR) as “good news” for the country.
At the VII Oil and Gas Summit, the consulting firm Jaime Arteaga y Asociados presented the sixth edition of the Petroleum Barometer, a comprehensive study that tracks public perceptions, concerns, and expectations regarding Colombia’s oil and gas sector.
During the VII Oil, Gas, and Energy Summit, Orlando Velandia, President of the National Hydrocarbons Agency (ANH) of Colombia, addressed critical concerns about the country’s natural gas sector, particularly the looming deficit projected for 2025.
At the close of the ANIF Capital Markets Seminar, Ángela Hurtado, President of JP Morgan Colombia, talked about the key factors driving investment capital outflows from Latin America and how this region’s behavior contrasts with the rest of the world.
Colombia continues to grapple with deep economic disparities, ranking as the third most unequal country in the world in terms of income distribution, according to recent data from the World Bank.
Recently, the Ministry of Environment (MinAmbiente), headed by Susana Muhamad, made the decision to suspend the environmental licensing process for the Komodo-1 well.
As Colombia faces its lowest reservoir levels in 40 years due to a prolonged drought, the country is increasingly relying on thermoelectric plants to prevent energy rationing.
2024, Hydrocarbons Colombia, All Rights Reserved.
