The debate over fracking in Colombia has once again hit a stalemate as the Fourth Chamber Commission of the House of Representatives recently sank Bill 413, which aimed to ban fracking and unconventional oil development in the country.
Ecopetrol (NYSE: EC) announced via the Superintendent of Finance that it has received authorization from the Ministry of Finance (MinHacienda) to secure an internal loan with local banks.
The Mining-Energy Planning Unit (UPME) announced the approval of new projects aimed at expanding the availability of natural gas service across Colombia.
Ecopetrol (NYSE: EC) and Petrobras (NYSE: PBR) announced the initiation of drilling for the Uchuva-2 well in the Tayrona Block, located in the Caribbean waters of Colombia.
In recent days, President Gustavo Petro announced a significant cabinet reshuffle, potentially affecting nearly half of his ministers.
The President of the National Hydrocarbons Agency (ANH), Orlando Velandia, provided insights about the updated process allowing companies to cancel oil and gas contracts or return their areas to the State due to environmental restrictions.
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