Víctor Paternina officially assumed the role of Energy Director for Colombia, taking on the challenge of leading key initiatives in the country’s electricity sector.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ending December 31st, 2024.
In a significant shift within Colombia’s environmental sector, Rodrigo Negrete has stepped down as director of the National Environmental Licensing Agency (ANLA) after more than two years in the role.
With a staggering market capitalization of US$1.6T, a net profit of US$106B, and a free cash flow of US$85B, Aramco’s potential entry into Colombia’s liquid fuel market has generated significant anticipation regarding its impact on the industry.
The Bicentenario and Coveñas-Caño Limón pipelines have once again fallen victim to explosive attacks carried out by the National Liberation Army (ELN) in Arauca, forcing the suspension of crude oil transportation, Cenit, Ecopetrol’s (NYSE: EC) hydrocarbon transport subsidiary.
Ecopetrol published its 2024 results on March 14th – almost the Ides of March – showing yet another decline in earnings (nearly 8%). The Colombian press was full of “sturm und drang” about the sorry state of the National Treasure and anticipating a rocky time at the upcoming shareholders’ general assembly over the lowered dividend. Much as we criticize the NOC strategically, we do not find this financial handwringing entirely fair.
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