Ecopetrol (NYSE: EC) launched a research project aimed at repurposing petroleum coke, a carbon-rich material typically used as an industrial fuel, into a soil additive to improve forest soil quality.
In a move aimed at disrupting the fuel supply chains of organized crime, the Colombian government activated a new strategy to control the illegal use of hydrocarbons, which are often diverted to support activities such as drug trafficking and illegal mining.
Colombia could lose up to CoP$2.5T in fiscal revenue if the current downward trend in global oil prices continues, posing a significant challenge to the government’s efforts to balance its budget in 2025. This financial pressure adds to an already delicate fiscal landscape as the country grapples with slowing growth and a need to restore investor confidence.
GeoPark Limited (NYSE: GPRK) announced the divestment of specific non-core assets and the implementation of cost-efficiency initiatives. These actions aim to reinforce the company’s strategy of delivering profitable, reliable, and sustainable long-term growth.
Ecopetrol (NYSE: EC) and LATAM Airlines Colombia announced a groundbreaking strategic alliance to advance the energy transition in Colombia’s aviation sector.
The Comptroller General called for urgent reforms in the targeting and management of energy and gas subsidies.
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