President Gustavo Petro asserted that heavy oil might be the first to go to zero demand globally, suggesting that “Colombian oil is heavy, and this will be the first to exit the world market.” But how accurate is the claim that heavy oil will be the first to be phased out?
The Colombian Natural Gas Association (Naturgas) highlighted a potential shortfall in the country’s natural gas supply for 2025 and 2026, based on data from the Natural Gas Market Manager. Ecopetrol (NYSE: EC) responded quickly to this allegation.
Amid rising concerns over a potential gas shortage in Colombia, Camilo Sánchez, president of Andesco, issued a pressing call to take the necessary measures to secure the country’s energy supply.
The National Hydrocarbons Agency (ANH), led by President Orlando Velandia Sepúlveda, announced the approval of the B League initiative, a strategic plan to reassign oil and gas exploration and production areas to smaller companies.
The gas market manager for Colombia, the Bolsa Mercantil, recently published its latest summary of producers “declarations” of production potential for the coming years. It is not a pretty sight but then, this graph rarely is.
Minister of Mines and Energy (MinEnergia), Andrés Camacho, announced that the government is accelerating oil exploration efforts.
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