In response to the ongoing humanitarian and security crisis in the Catatumbo region, the Colombian government issued Decree 0131 of February 5, 2025, aimed at expediting the execution of projects funded by the General System of Royalties (SGR).
The Energy and Gas Regulatory Commission (CREG) issued Resolution 102 015, updating the regulatory framework of Colombia’s Wholesale Natural Gas Market.
Bogotá and Sweden reaffirmed their commitment to sustainability and social development through a Letter of Intent, paving the way for key projects, including an innovative biogas pilot plant.
The Colombian government’s push to sell Ecopetrol’s (NYSE: EC) stake in the Permian Basin (Texas, USA), where it operates in partnership with oil giant Occidental Petroleum (NYSE: OXY), has triggered warnings from multiple stakeholders, including Citi, labor unions, and industry associations.
The Energy and Gas Regulatory Commission (CREG) issued a draft resolution aimed at facilitating the transportation of natural gas by utilizing underused or soon-to-be decommissioned infrastructure.
In a recent update on the energy sector, Grupo Santander upgraded Ecopetrol’s (NYSE: EC) rating from neutral to outperform.
During Colombia’s energy uncertainty, the ultra-deepwater Komodo-1 project emerged as a potential solution to expand the country’s oil and gas reserves. However, Ecopetrol (NYSE: EC) and Anadarko are increasingly pessimistic about the feasibility of exploration and production any time soon.
The National Hydrocarbons Agency (ANH) issued Resolution No. R4D1C4D0_1 of R4D1C4D0_2, establishing the international average price of Brent crude for 2024 and the table of monthly average price percentiles.
Frank Pearl, President of the Colombian Association of Oil and Gas (ACP), talked about the recent diplomatic crisis between the US and Colombia.
The Colombian government announced three new temporary taxes on petroleum, gas, and gambling exports as part of the measures introduced under the recently declared state of internal emergency. This decision raised concerns among economic sectors, particularly within the oil and gas industry, over its potential impact on investment and sector stability.
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