Colombian President Gustavo Petro has once again expressed his strong opposition to fracking, this time urging the sale of Ecopetrol’s (NYSE: EC) operations in the Permian Basin, Texas.
During Colombia’s energy uncertainty, the ultra-deepwater Komodo-1 project emerged as a potential solution to expand the country’s oil and gas reserves. However, Ecopetrol (NYSE: EC) and Anadarko are increasingly pessimistic about the feasibility of exploration and production any time soon.
In the ongoing debate over Colombia’s energy industry and diesel subsidies, a significant concern has emerged regarding the potential misuse of government aid for this fuel.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for December 2024.
A recent study by Grupo Bancolombia projects a 4.6% decrease in Ecopetrol’s (NYSE: EC) proven reserves by the end of 2024, citing limited efficiency gains.
The National Hydrocarbons Agency (ANH) issued Resolution No. R4D1C4D0_1 of R4D1C4D0_2, establishing the international average price of Brent crude for 2024 and the table of monthly average price percentiles.
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