NG Energy International Corp. (TSXV: GASX) announce that, with its partners Olympo and Duemav in the Maria Conchita Block and with Clean Energy and Oleum in the SN9 Block, it has increased reserves at both Maria Conchita and Sinu-9 as part of an updated independent analysis by Sproule International Limited (Sproule).
GeoPark Limited (NYSE: GPRK) announced an operating activity update in the Llanos 123 (GeoPark operated, 50% WI) and Llanos 87 (GeoPark operated, 50% WI) blocks in Colombia.
In 2023, Ecopetrol secured its position as one of the top three companies in the oil and gas sector for sustainability practices, as per the Dow Jones Sustainability Index (DJSI) results.
Whatever Gustavo Petro’s strengths as a politician might be (and we will leave that for another day), I would not hire him as a marketer. Who came up with “Empresa Integral de Energía de Colombia” as the new name for Ecopetrol? And what will it mean for the Colombian industry?
Colombia is grappling with a looming challenge in terms of natural gas supply—a deficit that could become a reality as early as next year.
The Colombian oil industry has long stood as a significant contributor to the country’s economy, accounting for 1.3% of the Gross Domestic Product (GDP) and fostering around 200,000 direct jobs throughout the entire value chain, as estimated by Campetrol.
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