The economic outlook for Colombia over the next 12 months is causing less concern among institutional investors compared to a month ago, according to Davivienda’s monthly Financial Assets Survey. However, the political climate is fostering increased pessimism among them.
Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the second quarter of 2024.
The Colombian Energy and Gas Regulation Commission (CREG) is poised to modify the schedule for the ongoing natural gas commercialization process.
Colombia is bracing for a significant natural gas deficit in the coming years, starting as early as 2025. According to a report from Rystad Energy, local production will not suffice to cover the anticipated shortfall in the short term.
GeoPark (NYSE: GPRK) released its ‘Good Neighbors’ report, detailing the company’s social and environmental advancements during the first half of the year.
The Petro government is no less scandal-ridden than previous Colombian governments, despite its rhetoric during the campaign, but this month embarrassing incidents exploded within the peace process, making an already shaking situation even worse. One of these may even have contributed directly to problems in the ELN negotiations, which seem mere days away from suspension if not collapse.
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