The last week or so was topsy-turvy for Colombian gas with Ecopetrol announcing “the presence of gas” in the Shell-operated Glaucus-1 well but Canacol announcing it had thrown-in-the-towel on its deal with EPM and the associated pipeline connecting Medellin and Jobo. The Canadian E&P simultaneously announced it was limiting its Colombian CAPEX to projects which leverage “existing transportation capacity” and focusing its future-oriented investments on Bolivia. The Canacol announcement will, no doubt, dominate the coffee and cocktail conversations at this week’s Cumbre de Petróleo, Gas y Energía in Cartagena.
Ecopetrol (NYSE: EC) is experiencing a surge in its stock performance on the Colombian Stock Exchange (BVC) this October.
As tensions escalate in the Middle East, the price of Brent crude oil has surged above US$90 per barrel, closing at over US$91 recently.
At the Latin American Youth Climate Conference hosted in Bogotá this year, Colombia’s Minister of Environment and Sustainable Development (MinAmbiente), Susana Muhamad, reaffirmed Colombia’s commitment to the proposals it will present at the United Nations Climate Change Conference (COP28) in Dubai.
The department of Tolima is gearing up for a shift towards a more sustainable and prosperous future, driven by projects financed through the General Royalties System (SGR).
Ecopetrol (NYSE: EC) reported the statistics of those hired from January to August 2023.
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