NG Energy International Corp. (TSXV: GASX) announced the spudding of the Aruchara-4 well at its Maria Conchita block and reported that gross production from the Sinu-9 block reached 22mmcfd. The company also provided a detailed operational update for both assets.
Martha Villarreal Pava, President of the Board of Directors at the Colombian Association of Petroleum Engineers (Acipet), called for a pragmatic approach to the nation’s energy debate, stressing that “without hydrocarbons, there is no possible energy transition.”
… but who’s fault is it?
The Colombian press certainly wants to blame the current administration – either the company’s or the country’s – for the NOC’s declining financial performance. Management blames oil prices which are, most certainly, down over last year. Our previous analyses have supported management’s thesis about short-term, tactical performance, even as we seriously question mid and long-term strategy. Now we have another bad quarter.
Frontera Energy (TSX: FEC) announced its financial and operating results for 2Q25.
GeoPark (NYSE: GPRK) CEO Felipe Bayón announced an increase in the company’s 2025 investment guidance, with all additional resources earmarked for its Colombian operations.
Ecopetrol (NYSE: EC) has once again contradicted President Gustavo Petro’s claims that the government’s massive fuel subsidy bill is responsible for Colombia’s fiscal deficit.
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