As Colombia faces its lowest reservoir levels in 40 years due to a prolonged drought, the country is increasingly relying on thermoelectric plants to prevent energy rationing.
Promigas recently released its 25th edition of the Natural Gas Sector Report in Colombia, emphasizing the critical role natural gas plays in balancing energy security, affordability, and environmental sustainability.
Ricardo Roa Barragán, President of Ecopetrol (NYSE: EC), shed light on the company’s position regarding its operations in the Permian Basin, one of the most productive oil and gas regions in the US.
In a recent development regarding the Uchuva-2 gas exploration project in Colombia’s Caribbean, Susana Muhamad, the Minister of Environment (MinAmbiente), made an important announcement about Uchuva-2.
Felipe Bayón, former president of Ecopetrol (NYSE: EC), raised significant concerns about the current state of the company following a report from JPMorgan that downgraded the firm’s stock price target by nearly 30%.
Colombia is set to unveil a US$40B investment plan designed to replace revenue lost from fossil fuel exports, following its decision to end new oil and gas exploration two years ago.
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