NG Energy International Corp. (TSXV: GASX) announced that all three phases of drilling at Aruchara-3 have been completed on time and under budget to a total depth of 9,050 feet.
Amidst the intensifying global crisis of climate change, a paradoxical trend is emerging: the decade ahead will witness a surge in global oil production, according to the International Energy Agency (IEA), despite the accelerating transition to renewable energy sources.
In response to the recent announcement of a potential strike by Colombian truck drivers due to an anticipated increase in diesel prices, Finance Minister Ricardo Bonilla issued a strong rebuke.
The Colombian Mining and Energy Planning Unit (UPME) took a decision about the pacific regasification tender.
The Colombian government’s reluctance to award new oil contracts stems from the belief that previously awarded contracts are sufficient to sustain hydrocarbon exploration and production in the country.
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