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.
The Colombian government’s reluctance to award new oil contracts stems from the belief that previously awarded contracts are sufficient to sustain hydrocarbon exploration and production in the country.
The Pacific Regasification project remains one of Colombia’s energy endeavors that the government is determined to develop to bolster energy security.
In its second attempt to attract investors, the Pacific Regasification Plant project has finally garnered interest from a consortium.
After nine years at the helm of the Colombian Association of Oil and Gas (ACP), Francisco José Lloreda is stepping down from his position, believing that he has completed his cycle in the industry.
Persistent roadblocks caused by protests from disgruntled communities across various departments in the country have emerged as a major hindrance to the private sector in Colombia.
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