The National Planning Department (DNP) has swiftly responded to President Gustavo Petro’s recent announcement regarding a reform on royalties, emphasizing prioritizing issues like clean water over the development of infrastructure projects, such as fourth-generation roads.
Colombia’s self-sufficiency relies on the 302 contracts issued in previous years, covering over 15 million hectares.
The Ministry of Mines and Energy (MinEnergia) recently released a draft decree aimed at modifying article 2.2.2.2.24 of Decree 1073 of 2015, specifically concerning the availability of natural gas for electricity demand during periods of low hydrology.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ending December 31st, 2023.
The 2024 energy balance for Colombia’s petroleum sector revealed a decline in contracts, with existing ones concluding without new exploration projects due to measures adopted by the current government, according to Mario Zamora, president of Mompos Oil company.
After more than eight hours of session and amidst heated debate, the Ecopetrol’s (NYSE: EC) new Board of Directors was finally elected, with approval from 98.9% of the General Shareholders’ Meeting of the state-owned oil company.
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