President Gustavo Petro asserted that heavy oil might be the first to go to zero demand globally, suggesting that “Colombian oil is heavy, and this will be the first to exit the world market.” But how accurate is the claim that heavy oil will be the first to be phased out?
The National Hydrocarbons Agency (ANH), led by President Orlando Velandia Sepúlveda, announced the approval of the B League initiative, a strategic plan to reassign oil and gas exploration and production areas to smaller companies.
Minister of Mines and Energy (MinEnergia), Andrés Camacho, announced that the government is accelerating oil exploration efforts.
As of July 2024, the Colombian Congress has been processing a total of 40 bills related to the mining and hydrocarbons sector.
Colombia is grappling with an impending natural gas shortage, with industry experts warning that the country must bolster its gas reserves to meet future demand. Both the Colombian Natural Gas Association (Naturgas) and the Colombian Petroleum and Gas Association (ACP) have repeatedly emphasized the urgency of this issue.
In a significant political shake-up within Colombia’s Ministry of Mines and Energy (MinEnergia), Vice Minister of Energy Javier Campillo is expected to resign, according to a source close to President Gustavo Petro’s administration.
Venezuela, despite sitting on the world’s eighth-largest natural gas reserves and holding the biggest in Latin America, faces significant challenges in its gas production sector.
The National Administrative Department of Statistics (DANE) reported the value of Colombian imports during May 2024.
Minister of Mines and Energy (MinEnergia), Omar Andrés Camacho, announced a new expert commissioner of the Energy and Gas Regulation Commission (CREG).
Colombia wants to become the first oil-producing country to stop its oil exports and fossil fuel projects.
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