Colombian authorities approved the royalties’ budget for 2023 and 2024. This will be the per capita distribution in the main regions.
Chevron Corp. (NYSE: CVX) received an extended license allowing it to resume oil production in Venezuela and import crude oil.
Oil prices fell in 3Q22 (you knew that) and so, as a consequence did netback. The good news is that margins have held largely constant this year, even up very slightly on average in the past quarter. As always we repeat the “EPA caveat” that individual company results may vary from this cross-industry comparison.
Naturgas announced a report on the natural gas sector in the country, highlighting positive results.
The House of Representatives debated a censure motion against the Minister of Mines and Energy (MinEnergia), Irene Vélez. Here are the details.
House representative, Carolina Arbeláez, said that Ecopetrol (NYSE: EC) signed an advisory contract to purchase natural gas from Venezuela.
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