In a recent address to the Colombian Congress, Finance Minister (MinHacienda) Ricardo Bonilla shed light on the potential for new contracts in oil and gas exploration in the country.
President Gustavo Petro has been vocal about the urgent need to accelerate the country’s energy transition away from hydrocarbons.
Colombia has taken a significant step toward its commitment to the Paris Agreement and the development of unconventional renewable energies.
Campetrol sparked a discussion about the potential consequences for both the industry and the Colombian economy if the currently favorable oil prices begin to decline and remain low for months.
Supply restrictions at some fields in northern Colombia has raised the specter of in Colombia’s Caribbean region and local authorities talked about this situation.
The country has seen a significant increase in liquefied natural gas (LNG) imports to safeguard its hydroelectric operations against the looming threat of a drought caused by El Niño, according to the National Association of Power Generators (Andeg).
The Ministry of Finance and Public Credit (MinHacienda) has authorized Ecopetrol (NYSE: EC) to secure a foreign loan of up to US$1.0B.
Amidst the intensifying global crisis of climate change, a paradoxical trend is emerging: the decade ahead will witness a surge in global oil production, according to the International Energy Agency (IEA), despite the accelerating transition to renewable energy sources.
The Colombian Mining and Energy Planning Unit (UPME) took a decision about the pacific regasification tender.
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