Luz Stella Murgas, president of the Colombian Natural Gas Association (Naturgas), presented a comprehensive proposal to President Gustavo Petro’s administration.
In the face of a mounting energy crisis, business leaders in Santander are urging the Colombian government to reopen the conversation on expanding the country’s energy sources, specifically, using techniques like hydraulic fracturing, better known as fracking.
Ecopetrol (NYSE: EC) launched a research project aimed at repurposing petroleum coke, a carbon-rich material typically used as an industrial fuel, into a soil additive to improve forest soil quality.
In a move aimed at disrupting the fuel supply chains of organized crime, the Colombian government activated a new strategy to control the illegal use of hydrocarbons, which are often diverted to support activities such as drug trafficking and illegal mining.
Colombia could lose up to CoP$2.5T in fiscal revenue if the current downward trend in global oil prices continues, posing a significant challenge to the government’s efforts to balance its budget in 2025. This financial pressure adds to an already delicate fiscal landscape as the country grapples with slowing growth and a need to restore investor confidence.
GeoPark Limited (NYSE: GPRK) announced the divestment of specific non-core assets and the implementation of cost-efficiency initiatives. These actions aim to reinforce the company’s strategy of delivering profitable, reliable, and sustainable long-term growth.
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