A potential deal to import hydrocarbons from Venezuela sparked alarm in Colombia’s Congress, where lawmakers and trade officials warned it could lead to dire economic consequences, including the loss of thousands of jobs and billions in exports.
Ecopetrol Óleo e Gás do Brasil Ltda. (ECP Brasil), a subsidiary of the Ecopetrol Group, approved the Final Investment Decision (FID) for Gato do Mato, its first development project in the pre-salt area of the Santos Basin, Brazil.
Juan Manuel Rojas, President of Promigas, has been re-elected to continue as Chairman of the Board of Directors of the Colombian Natural Gas Association (Naturgas) for a second consecutive year.
Ecopetrol (NYSE: EC) is evaluating a potential acquisition of SierraCol Energy Ltd., the country’s largest independent oil producer, currently owned by private equity firm Carlyle Group.
Canacol Energy (TSX: CNE) reported that its operations at the Sucre Norte project, located in the municipality of San Marcos in the department of Sucre, Colombia, have been seriously disrupted due to an illegal blockade.
While the urgency of securing long-term gas supply is undeniable, some recent proposals, like the idea of importing gas from Qatar, may have more negative consequences than benefits.
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