NG Energy International Corp. (TSXV: GASX) announced the completion of the second Drill Stem Test (DST-2) at the Aruchara-3 well in the H2 Zone of the Jimol Inferior Formation.
The Colombian Association of Oil and Gas (ACP) has raised a red flag regarding the impact of roadblocks this year on the supply of gasoline, diesel, and jet fuel.
Colombians can expect the price of gasoline to continue its upward trajectory for at least the next two months, according to President Gustavo Petro’s government. However, one critical factor in this equation is the fluctuation of global oil prices.
Colombia is on the verge of seeing cocaine surpass oil as its primary export, driven by a surge in narcotics production amid a more lenient government stance on drugs.
The recent declaration of the pacific regasification plant’s second call for bids as unsuccessful has brought to light the need for the government to present viable alternatives to the market.
Adriana Erazo, Director of Oil & Gas for Latin America at Fitch Ratings, provided valuable insights into Ecopetrol (NYSE: EC).
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